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Sagax

ISIN: SE0004635878 | Ticker: SAGA | LEI: 549300LJX28T6OM8DT95
Country: Sweden

About Sagax

Company Description

Founded in 2004, AB Sagax (publ) invests in commercial properties, with a focus on warehouses and light industrial property. This sector offers a high yield combined with stable occupancy rates and a low rate of new production, creating opportunities for sustainable value generation and strong cash flow over time.

To achieve this, we focus on two fundamentals: a long-term approach and generating high risk-adjusted returns. These two principles guide every decision relating to funding, investment activities, management - as well as our ESG efforts.

We take a “buy and hold” approach, and we refrain from all forms of property trading, speculative development and other short-term opportunities that distract us from developing the company and the business long-term. Our focus is on strong financial key metrics and enabling growth through our existing, proven business model and by increasing our property presence in current regions.

Year founded

1995

Served area

Europe

Headquarters

Engelbrektsplan 1, 11434 Stockholm – Sweden

Financial statements

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Line item in (sek) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 46,622,000,000.00 62,472,000,000.00 71,831,000,000.00
Noncurrent Assets N/A 45,429,000,000.00 57,020,000,000.00 64,991,000,000.00
Property Plant And Equipment N/A 26,000,000.00 22,000,000.00 14,000,000.00
Investment Property N/A 37,264,000,000.00 46,067,000,000.00 52,655,000,000.00
Investments In Subsidiaries Joint Ventures And Associates N/A 5,945,000,000.00 8,784,000,000.00 9,864,000,000.00
Other Noncurrent Financial Assets N/A 587,000,000.00 38,000,000.00 55,000,000.00
Noncurrent Derivative Financial Assets N/A 888,000,000.00 1,035,000,000.00 1,172,000,000.00
Current Assets N/A 1,193,000,000.00 5,452,000,000.00 6,840,000,000.00
Trade And Other Current Receivables N/A 121,000,000.00 256,000,000.00 427,000,000.00
Current Prepayments And Current Accrued Income Other Than Current Contract Assets N/A N/A 207,000,000.00 248,000,000.00
Current Receivables From Rental Of Properties N/A 123,000,000.00 133,000,000.00 191,000,000.00
Other Current Financial Assets N/A 738,000,000.00 4,772,000,000.00 3,786,000,000.00
Current Financial Assets At Amortised Cost N/A N/A 0.00 105,000,000.00
Cash and cash equivalents 86,000,000.00 24,000,000.00 84,000,000.00 76,000,000.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners N/A 284,000,000.00 0.00 27,000,000.00
Current Finance Lease Receivables N/A N/A 0.00 2,008,000,000.00
Equity And Liabilities N/A 46,622,000,000.00 62,472,000,000.00 71,831,000,000.00
Equity N/A 22,452,000,000.00 31,079,000,000.00 33,463,000,000.00
Issued Capital N/A 808,000,000.00 780,000,000.00 781,000,000.00
Retained Earnings N/A 17,785,000,000.00 26,228,000,000.00 27,988,000,000.00
Share Premium N/A 3,522,000,000.00 3,578,000,000.00 3,616,000,000.00
Liabilities N/A 24,170,000,000.00 31,393,000,000.00 38,368,000,000.00
Noncurrent Liabilities N/A 21,110,000,000.00 27,114,000,000.00 34,278,000,000.00
Deferred Tax Liabilities N/A 2,476,000,000.00 3,087,000,000.00 3,779,000,000.00
Noncurrent Financial Liabilities At Amortised Cost N/A 17,977,000,000.00 23,368,000,000.00 29,820,000,000.00
Noncurrent Derivative Financial Liabilities N/A 118,000,000.00 74,000,000.00 N/A
Other Noncurrent Liabilities N/A 145,000,000.00 195,000,000.00 299,000,000.00
Current Liabilities N/A 3,060,000,000.00 4,279,000,000.00 4,090,000,000.00
Trade And Other Current Payables To Trade Suppliers N/A 42,000,000.00 32,000,000.00 35,000,000.00
Current Accruals And Current Deferred Income Including Current Contract Liabilities N/A N/A 897,000,000.00 984,000,000.00
Current Financial Liabilities At Amortised Cost N/A 1,851,000,000.00 2,985,000,000.00 2,474,000,000.00
Line item in (sek) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Other Income 10,000,000.00 23,000,000.00 31,000,000.00
Property Tax Expense 141,000,000.00 153,000,000.00 178,000,000.00
Profit Loss From Operating Activities 2,397,000,000.00 2,573,000,000.00 3,032,000,000.00
Finance Income 39,000,000.00 113,000,000.00 235,000,000.00
Finance Costs 455,000,000.00 419,000,000.00 492,000,000.00
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method 1,033,000,000.00 2,718,000,000.00 1,375,000,000.00
Profit Loss Before Tax 4,330,000,000.00 10,543,000,000.00 3,305,000,000.00
Profit (loss) 3,711,000,000.00 9,807,000,000.00 2,718,000,000.00
Line item in (sek) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A 3,711,000,000.00 9,807,000,000.00 2,718,000,000.00
Adjustments For Income Tax Expense N/A -55,000,000.00 -146,000,000.00 -149,000,000.00
Other Adjustments For Noncash Items N/A -21,000,000.00 -13,000,000.00 -31,000,000.00
Cash Flows From Used In Operating Activities N/A 2,557,000,000.00 2,379,000,000.00 3,227,000,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 666,000,000.00 658,000,000.00 715,000,000.00
Cash Advances And Loans Made To Other Parties Classified As Investing Activities N/A 41,000,000.00 0.00 64,000,000.00
Other Inflows Outflows Of Cash Classified As Investing Activities N/A -10,000,000.00 -16,000,000.00 -58,000,000.00
Cash Flows From Used In Investing Activities N/A -5,543,000,000.00 -7,023,000,000.00 -5,902,000,000.00
Payments From Changes In Ownership Interests In Subsidiaries N/A 0.00 52,000,000.00 23,000,000.00
Proceeds From Issuing Shares N/A 508,000,000.00 0.00 N/A
Payments To Acquire Or Redeem Entitys Shares N/A 0.00 572,000,000.00 0.00
Payments Of Other Equity Instruments N/A 9,000,000.00 24,000,000.00 24,000,000.00
Proceeds From Borrowings Classified As Financing Activities N/A 7,886,000,000.00 13,997,000,000.00 7,631,000,000.00
Repayments Of Borrowings Classified As Financing Activities N/A 4,791,000,000.00 7,880,000,000.00 4,050,000,000.00
Dividends Paid Classified As Financing Activities N/A 679,000,000.00 792,000,000.00 935,000,000.00
Other Inflows Outflows Of Cash Classified As Financing Activities N/A -1,000,000.00 11,000,000.00 11,000,000.00
Cash Flows From Used In Financing Activities N/A 2,926,000,000.00 4,703,000,000.00 2,666,000,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A -60,000,000.00 59,000,000.00 -10,000,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A -2,000,000.00 0.00 0.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A -62,000,000.00 59,000,000.00 -8,000,000.00
Cash and cash equivalents 86,000,000.00 24,000,000.00 84,000,000.00 76,000,000.00

Please note that some sums might not add up.

Filings & Publications

Insider Trades

Date Trading entity / Person Association Trade type Volume
22.11.22 Staffan Salén Other Buy SEK 11,300,000.00
22.02.21 David Mindus Other Buy SEK 33,800,000.00
25.09.20 David Mindus Other Buy SEK 15,800,000.00

Capital markets information

ISIN

SE0004635878

LEI

549300LJX28T6OM8DT95

Sector

Real Estate

Industry Group

Real Estate Management & Development

Industry

Real Estate Management & Development

Sub-Industry

Diversified Real Estate Activities

Listed Stock Exchange

Nasdaq Stockholm

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