Reported Earnings • Jul 19
Second quarter 2026 earnings released: EPS: kr6.11 (vs kr5.67 loss in 2Q 2025) Second quarter 2026 results: EPS: kr6.11 (up from kr5.67 loss in 2Q 2025). Revenue: kr211.0m (down 18% from 2Q 2025). Net income: kr106.0m (up kr204.4m from 2Q 2025). Profit margin: 50% (up from net loss in 2Q 2025). Revenue is forecast to grow 53% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Announcement • Apr 18
ALM Equity AB (publ), Annual General Meeting, May 19, 2026 ALM Equity AB (publ), Annual General Meeting, May 19, 2026, at 15:00 W. Europe Standard Time. Location: at the law firm dla piper sweden kb, at sveavagen 4, 111 57, stockholm Sweden Announcement • May 09
ALM Equity AB (publ), Annual General Meeting, Jun 10, 2025 ALM Equity AB (publ), Annual General Meeting, Jun 10, 2025, at 15:00 W. Europe Standard Time. Location: at the law firm dla piper sweden kb, at sveavagen 4, 111 57, stockholm Sweden Announcement • Oct 03
Aermont Capital Real Estate Fund V SCSp a fund managed by Aermont Capital LLP completed the acquisition of 60% stake in Svenska Nyttobostäder AB (publ) (OM:NYTTO) from ALM Equity AB (publ) (OM:ALM). Aermont Capital Real Estate Fund V SCSp a fund managed by Aermont Capital LLP agreed to acquire 60% stake in Svenska Nyttobostäder AB (publ) (OM:NYTTO) from ALM Equity AB (publ) (OM:ALM) for SEK 1.9 billion on August 2, 2024. ALM Equity and Aermont Capital Real Estate Fund V SVSp, "Aermont" have signed an agreement to form a Joint Venture for the portfolio of assets that ALM Equity is merging into from Svenska Nyttobostäder . The aim is to implement and accelerate the business plan communicated by ALM Equity and develop new housing, sell completed apartments on the condominium market and manage rental housing. The parties' ambitions are to acquire additional land for the development of housing in Stockholm. For ALM Equity, the transaction also means that liquidity is freed up, which lowers net indebtedness and momentarily creates a net cash position in the parent company. The joint company will be owned 40 percent by ALM Equity and 60 percent by Aermont, the holding will be reported as an associated company after the transaction. ALM Equity sells 60 percent of Nyttobostäder for SEK 1.9 billion based on book values, where the underlying property value totals approximately SEK 8.4 billion. In total, the transaction includes around 2,200 investment homes, 1,000 completed homes being sold on the condominium market and legally binding building rights for around 2,100 more homes. The deal contains approximately 100,000 square meters of lettable area and building rights for approximately 130,000 square meters of light BTA. The transaction is conditional on the merger process between ALM Equity and Svenska Nyttobostäder being completed as well as approval from the lenders concerned. The conditions are deemed to have been met during the month of October. After the transaction, in addition to liquidity of SEK 1.9 billion, ALM Equity will have a holding of 40 percent in the joint company, which is valued at approximately SEK 700 million.
ALM Equity has engaged Tango Capital Markets as financial adviser, Skierfe Advokatfirma as legal adviser in connection with the Transaction and had capital market advice from Advokatfirmaet Schjødt AS. Corinne Ekman, Caroline Jägenstedt Wikman, Anna Eriksson, Andreas Holmqvist and Foad Hoseinan of Gernandt & Danielsson Advokatbyrå KB, Cushman & Wakefield have acted as advisors to Aermont. PWC served as Accountant to Aermont
Aermont Capital Real Estate Fund V SCSp a fund managed by Aermont Capital LLP completed the acquisition of 60% stake in Svenska Nyttobostäder AB (publ) (OM:NYTTO) from ALM Equity AB (publ) (OM:ALM) on October 2, 2024. Announcement • Jun 09
ALM Equity AB (publ), Annual General Meeting, Jun 10, 2024 ALM Equity AB (publ), Annual General Meeting, Jun 10, 2024. Announcement • May 01
ALM Equity AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 150.04 million. ALM Equity AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 150.04 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 682,000
Price\Range: SEK 220
Transaction Features: Subsequent Direct Listing Announcement • Apr 01
ALM Equity Comments on the Proposal for A Merger with Swedish Utility Housing and Invites A Presentation of the Proposal The boards of ALM Equity AB (publ) (OM:ALM) ("ALM Equity") and Svenska Nyttobostäder AB (publ) (OM:NYTTO) ("Svenska Nyttobostäder") have proposed a merger of the companies. The aim is to maximize the value of existing assets in Svenska Nyttobostäder and free up liquidity for continued growth. In a dynamic real estate market where change is the only constant, ALM Equity believes that the merged company will be a stronger company and that the merger creates better opportunities to be more aggressive. Clearer focus on development and expansion of own operations. After, in recent years, having restructured large parts of the operations within ALM Småa Bostad into holdings in associated companies, the merger means that ALM Equity now directs its focus towards developing and expanding the company's own operations at the same time as operating cash flows are generated. After the merger, the newALM Equity will own its own portfolio of a total of approximately 3,300 investment homes, which are either completed or close to completion, and from Svenska Nyttobostäder approximately 2,100 building rights are supplied that are ready for the start of production. ALM Equity will build and develop the building rights portfolio at the same time as the supplementary management activities are made more efficient. This creates a good balance between ongoing cash flows from management and transaction flows from property development. The intention with the holdings in Klövern and Aros Bostad is to keep them as long as ALM Equity judges that the company can create added value in the holdings. Plan for development of the assets. ALM Equity's intention for the assets in Svenska Nyttobostäder is to reduce the management portfolio to nearly 2,300 homes by selling just over 1,000 homes as condominiums. The sales value is estimated to amount to approximately SEK 3.2 billion with a debt of approximately SEK 1.9 billion. The divestiture is intended to be carried out over a three-year period and is estimated to have a liquidity effect of approximately SEK 1.3 billion and a positive profit effect of approximately SEK 0.4 billion. The building rights portfolio is intended to be developed to be sold externally as condominiums or management properties. The sales value is estimated to amount to approximately SEK 6.3 billion and is expected over time to be able to free up liquidfunds of approximately SEK 2.3 billion and to have a positive profit effect of approximately SEK 1.1 billion. The development of the building rights portfolio is planned to take place over a six-year period. The total net liquidity effect of these measures is estimated to amount to approximately SEK 3.6 billion after amortization of debts of approximately SEK 2.0 billion. The surplus is intended to be used to repay debts or invest in new and remaining assets. "There is already a basic plan for each asset in Svenska Nyttobostäder's portfolio that we are prepared to work hard to realize. If fully implemented, we estimate that our action plan for the various parts can create values ??of a total of approximately SEK 5 billion over time. Put in relation to the number of ordinary shares in ALM Equity after the merger, it means that our assessment is that the addition of Svenska Nyttobostäder's assets to ALM Equity can over time create shareholder value of around SEK 300 per ordinary share in newALM Equity," says Maria Wideroth, Chairman of the Board of ALM Equity. Reported Earnings • Feb 25
Full year 2023 earnings released: kr180 loss per share (vs kr78.65 loss in FY 2022) Full year 2023 results: kr180 loss per share (further deteriorated from kr78.65 loss in FY 2022). Revenue: kr2.39b (down 65% from FY 2022). Net loss: kr1.98b (loss widened 137% from FY 2022). Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 13% decline forecast for the Real Estate industry in Germany. New Risk • Feb 24
New major risk - Revenue and earnings growth Earnings have declined by 6.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 6.6% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Announcement • Feb 02
Aros Bostadsutveckling AB (publ) (OM:AROS) made an offer to acquire Besqab AB (publ) (OM:BESQ) from a group of shareholders for SEK 1.8 billion. Aros Bostadsutveckling AB (publ) (OM:AROS) made an offer to acquire Besqab AB (publ) (OM:BESQ) from a group of shareholders for SEK 1.8 billion on January 31, 2024. The consideration for the shareholders in Besqab are offered 1.0417 newly issued common shares and 0.0718 newly issued series B preference shares in Aros Bostad for each existing share in Besqab. The total value of the Offer, based on all outstanding shares in Besqab, amounts to approximately SEK 1.86 billion, equivalent to approximately SEK 40.2 per share in Besqab. If Besqab were to pay dividends or carry out another value transfer before the settlement of the Offer the consideration in the Offer would be reduced accordingly. Assuming full acceptance of the Offer, Aros Bostad will issue approximately 48.1 million new common shares and approximately 3.2 million new series B preference shares. At full acceptance of the Offer, Aros Bostad’s shareholders will hold approximately 53% of the votes and Besqab’s shareholders will hold approximately 47% of the total votes in the New Company and the New Company is proposed to be named Besqab AB (publ). Aros Bostad has obtained irrevocable undertakings and declarations of intent to accept the Offer from shareholders in Besqab representing approximately 73% of the votes and capital in Besqab. Family Douglas (company incl.), Olle Engkvists stiftelse, Sven Jemsten with family (company incl.), Carl Wale with family, Paradeigma Partners AB, Kristian Wale with family (company incl.), Lars Öberg with family (company incl.), Paradigm Capital Value and AB Tuna Holding, representing approximately 36% of the votes and capital in Besqab, have entered irrevocable undertakings to accept the Offer. Additionally, family Nordström (company incl.), whose holdings together represents approximately 37% of the votes and capital in Besqab. Magnus Andersson will become CEO and Anna Jepson will become CFO of the New Company, and the intention is that the New Company’s senior executive management will consist of members from both Aros Bostad’s and Besqab’s current senior management teams, which secure continuity and an experienced and competent senior executive management. The board of directors of Besqab unanimously recommends the shareholders of Besqab to accept the Offer. The transaction is subject to Offer being accepted to such an extent that Aros Bostad becomes the owner of more than 90% of all outstanding shares in Besqab (at full dilution), if Aros Bostad undertakes to not complete the Offer if it is not accepted to that extent; approval of the shareholders of Aros Bostad at extraordinary general meeting held on February 16, 2024; Besqab does not resolve to issue shares or other securities in Besqab; any and all necessary regulatory authorisations, approvals, decisions and other actions required from authorities with respect to the Offer and for the completion of the acquisition obtained on terms acceptable to Aros Bostad; and the Offer is not rendered wholly or partly made impossible or significantly impeded as a result of any legislation or other regulation, court decision or order, governmental decision or any similar circumstance which is actual or reasonably foreseeable and which Aros Bostad could not have foreseen at the time of the announcement of the Offer. The acceptance period for the Offer is expected to commence on February 20, 2024 and conclude on March 12, 2024.
The board of directors obtained fairness opinion from Öhrlings PricewaterhouseCoopers AB for recommendation. Aros Bostad has retained SEB Corporate Finance as financial advisor and Baker McKenzie as legal advisor in connection with the Offer. Announcement • Aug 18
Nrep Ab completed the acquisition of Klövern AB (publ) from ALM Equity AB (publ), Broskeppet Bostad AB and Corem Property Group AB (publ) Nrep Ab agreed to acquire Klövern AB (publ) from ALM Equity AB (publ), Broskeppet Bostad AB and Corem Property Group AB (publ) for SEK 2.5 billion on July 3, 2023. As of July 17, 2023, the transaction is expected to be closed by August 2023.Nrep Ab completed the acquisition of Klövern AB (publ) from ALM Equity AB (publ), Broskeppet Bostad AB and Corem Property Group AB (publ) on August 17, 2023. Reported Earnings • Jul 24
Second quarter 2023 earnings released: kr125 loss per share (vs kr123 profit in 2Q 2022) Second quarter 2023 results: kr125 loss per share (down from kr123 profit in 2Q 2022). Revenue: kr1.35b (down 70% from 2Q 2022). Net loss: kr1.34b (down 203% from profit in 2Q 2022). Revenue is expected to fall by 20% p.a. on average during the next 3 years compared to a 13% decline forecast for the Real Estate industry in Germany. New Risk • Jul 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Announcement • Jul 12
ALM Equity AB (publ) announced that it expects to receive SEK 118 million in funding from Andersson Company Fastighetsutveckling Holding A, Bengtssons Tidnings AB, Batten AB ALM Equity AB announced a private placement of issues maximum of 288,173 ordinary shares of gross proceeds on SEK 118 million on July 10, 2023. The transaction got approved by the general meeting of shareholders. The transaction included the participation from new investors Andersson Company Fastighetsutveckling, Batten AB and Bengtssons Tidnings Aktiebolag subscribed all shares.
On same date, the company announced that issue new shares correspond to an increase in the share capital with a total of SEK 2,881,730. Reported Earnings • Apr 27
Full year 2022 earnings released: kr78.64 loss per share (vs kr328 profit in FY 2021) Full year 2022 results: kr78.64 loss per share (down from kr328 profit in FY 2021). Revenue: kr6.90b (up 229% from FY 2021). Net loss: kr837.0m (down 125% from profit in FY 2021). Revenue is expected to fall by 9.3% p.a. on average during the next 3 years compared to a 35% decline forecast for the Real Estate industry in Germany. Reported Earnings • Feb 27
Full year 2022 earnings released: kr78.64 loss per share (vs kr328 profit in FY 2021) Full year 2022 results: kr78.64 loss per share (down from kr328 profit in FY 2021). Revenue: kr6.90b (up 229% from FY 2021). Net loss: kr837.0m (down 125% from profit in FY 2021). Revenue is expected to fall by 50% p.a. on average during the next 2 years compared to a 13% decline forecast for the Real Estate industry in Germany. Board Change • Nov 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. Independent Director Johan Fredrick Schering Wachtmeister was the last director to join the board, commencing their role in 2006. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 
