Eastnine AB (OSTO:EAST)
kr 47.2 -0.275 (-0.58%) Market Cap: 4.20 Bil Enterprise Value: 6.83 Bil PE Ratio: 58.63 PB Ratio: 0.93 GF Score: 39/100
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Q1 2022 Eastnine AB (publ) Earnings Call Transcript

May 04, 2022 / 08:00AM GMT
Release Date Price: kr24.28 (+1.15%)
Kestutis Sasnauskas;publ;CEO
Eastnine AB

()-

Hi and very warm welcome to Eastnine's Q1 results presentation. With me, I have today, Britt-Marie Nyman, and we will go through our Q1 together with you.

Before we start, I would like to remind you that there is a chat function just below my picture where you can post questions during the time of the presentation, and they will be answered at the end of the presentation.

So let's start. If we move into the highlights of the quarter, we actually continue growing, and that is the most important thing. We continue growing our top line by 22%. We continue performing on our -- growing our profit from property management by 9%.

We also strengthened our cash position during the quarter, and today, we have a very strong cash position, allowing us to continuously exploit the growth opportunities that there are in the market. We received strong dividend from Melon, we refinanced the Uptown Park and we also received repayment from Baltic Property Fund II investments.

We also enjoy higher occupancy

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