Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB” or the “Company”) announces that the Company has changed the presentation of the consolidated income statement in its financial report for the first quarter 2023, with no impact on the cash flow, balance sheet, or profit for the period. Additional adjustments have been made to the presentation of the condensed consolidated cash flow statement and relevant key ratios. The updated financial report is attached to this press release.

The change of presentation is made to achieve a consistent financial reporting for all interim periods and the full-year 2023 and as a consequence of the sale of shares in JM, a holding which is not considered part of the operations and the result from the holding is therefore accounted for as financial items. SBB has also made similar considerations with regard to other holdings.

The updated presentation for the first quarter has no impact on the cash flow, balance sheet, or profit for the period. Only accounting line items and classifications have changed, in line with the below.

Following the change in presentation following the JM divestment, SBB is also adapting to the Company’s perceived changes in an updated IAS1, which entails:

  • Changes in value from investment properties are moved into operating profit and the operating profit line is introduced.
  • Other items that were previously reported after financial items but before tax are now also reported in financial items, such as changes in value from financial instruments, or alternatively as part of operating profit, such as impairment/reversal of goodwill.
  • Earlier item Profit before financial items is excluded from the income statement and is found among Key ratios (pages 29-30).
  • Updated the calculations of EPRA earnings.

For further information, please contact:
Helena Lindahl, Treasury director & IR, [email protected]

This information constitutes insider information that Samhällsbyggnadsbolaget i Norden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 29 May 2023 07:00 CEST.

Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is the Nordic region’s leading property company in social infrastructure. The Company’s strategy is to long term own and manage social infrastructure properties in the Nordics and rent regulated residential properties in Sweden, and to actively work with property development. Through SBB’s commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the Company an attractive long-term partner. The Company’s series B shares (ticker SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm, Large Cap. Further information about SBB is available at