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Swiss Properties Invest A/S half-yearly financial rapport for the period 1 January 2022 to 30 June 2022

Swiss Properties Invest A/S
Swiss Properties Invest A/S

Swiss Properties Invest A/S half-yearly financial report for the period 1st January 2022 to 30th June 2022.

Company Announcement No. 3-2022

Copenhagen, 30 September 2022

Today the board of directors of Swiss Properties Invest A/S has approved the company’s half-yearly financial report for the period 1 January 2022 to 30 June 2022.

Thorbjørn Graarud, Chairman of the Board of Directors: “Swiss Properties Invest A/S has published its first half-yearly report as a publicly traded company, and we are very pleased with the results delivered during the first half of 2022. We have worked hard to successfully complete the IPO of Swiss Properties Invest A/S and raise DKK 215 million during challenging times on the financial markets. With the completion of the IPO, we can now focus on finding attractive commercial properties and work hard to repay the trust our shareholders have showed us.

Summary of the half-yearly financial report
Please note that the completion of the IPO was finalized 14 July thus funds raised from the IPO is not part of the unaudited half-yearly financial report for the period 1 January 2022 to 30 June 2022.

Swiss Properties Invest A/S’ unaudited half-yearly financial report for the period 1 January 2022 to 30 June 2022:

  • Revenue reached DKK 1,438,059 at group level during the first six months after acquisition of the group’s first property.

  • Gross profit reached DKK 686,394.

  • Net profit was DKK 129,255 during the reporting period up from DKK -90,634 at year end 2021.

Income statement

Group
H1 2022

Group     2021

Parent
H1 2022

Parent     2021

Revenue

1,438,059

0

1,050,000

0

Gross profit

686,394

-150,526

623,043

-88,522

Profit before tax

284,448

-89,920

623,159

-20,581

Net profit

129,255

-90,634

486,077

-20,581


Balance sheet

Group
H1 2022

Group     2021

Parent
H1 2022

Parent
2021

Non-current assets

65,343,579

717,600

21,523,462

709,582

Current assets

2,991,416

22,513,381

1,606,942

21,834,837

Total assets

68,334,995

23,230,981

23,130,404

22,544,419


Balance sheet

Group
H1 2022

Group     2021

Parent
H1 2022

Parent
2021

Equity

22,747,661

22,417,055

22,965,497

22,479,419

Liabilities

45,587,334

813,926

164,907

65,000

Total equity and liabilities

68,334,995

23,230,981

23,130,404

22,544,419


Statement of changes in equity - Group

Contributed capital

Other
reserves

Retained
earnings



Total

Equity 1 January 2022

22,500,000

0

-90,633

22,409,367

Retained earnings for the year



0



0



128,256



128,256

Currency adjustments

0

210,038

0

210,038

Total equity 30 June 2022

22,500,000

210,038

37,623

22,747,661


Cash flow statement

 

 

Group
H1 2022

Group 2021

Cash flow from operating activities

 

 

2,169,196

355,981

Cash flow from investing activities

 

 

-64,625,979

-717,600

Cash flow from financing activities

 

 

41,492,874

22,500,000

Changes in cash and cash
equivalents

 

 



-20,963,909



22,138,381

Cash and cash equivalents
1 January 2022

 

 



22,138,381



0

Currency adjustments

 

 

-30,663

0

Cash and cash equivalents
30 June 2022

 

 



1,143,809



22,138,381


Share based figures

 

 

Group
H1 2022

Group
2021

Earnings per share

 

 

0.57

-0.40

Diluted earnings per share

 

 

0.57

-0.40

Outstanding shares 30 June 2022

 

 



225,000



225,000

Average number of outstanding shares

 

 



225,000



225,000

The half-yearly financial report for the period 1 January 2022 to 30 June 2022 is unaudited. The audited financial report for the fiscal year 2022 will be published 14 April 2023.

The financial report is attached.

ABOUT SWISS PROPERTIES INVEST
Swiss Properties Invest, which was founded on 8 October 2021, is the Danish holding company of the wholly owned subsidiary Swiss Properties Invest AG (CHE-422,631,240), which were founded on 30 November 2021. The purpose of Swiss Properties Invest AG is to own, operate, optimize, and develop a portfolio of attractive commercial properties for renting out commercial space in selected regions (cantons) in Switzerland with the aim of creating shareholder value to its investors.

CONTACT INFORMATION
Swiss Properties Invest A/S
Kirsten Sillehoved, CEO
Mobile (+45) 52 40 71 52
E-mail kirsten@swisspropertiesinvest,dk
Schleppegrellsgade 8
2200 Copenhagen N
Denmark

CERTIFIED ADVISER
Baker Tilly Corporate Finance
Gert Michael Mortensen
Mobile (+45) 30 73 06 67
E-mail gmm@bakertilly,dk
Poul Bundgaard Vej 1
2500 Valby
Denmark

COMPANY WEBSITE
https://swisspropertiesinvest.ch/

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