K2A Knaust & Andersson Fastigheter today submitted its interim report for the January-March 2022 period. Net profit amounted to SEK 239 million, up just over 15 percent on the corresponding period last year.
K2A completed more than 450 apartments during the first quarter, which means the number of managed apartments rose 12 per cent to 4,379 as of 31 March 2022. New projects began in Norrtälje and Visby, which means K2A entered two new markets. A new land allocation was received in Stockholm, one of K2A's key markets.
In March, K2A successfully issued green bonds totalling SEK 300 million. This was a proactive measure that reduced risk in the company and contributed to outgoing cash and cash equivalents amounting to just over SEK 570 million.
In early 2022, K2A joined the Science Based Target initiative, which means K2A's climate targets have been validated as based on science and contribute to slowing climate change in line with the Paris Agreement. K2A also joined the UN's sustainable business network Global Compact.
This disclosure contains information that K2A Knaust & Andersson Fastigheter AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 29-04-2022 12:30 CET.