24Storage: Interim Report January-March 2022The first quarter was characterised by stable progress, positive growth and improved margins thanks to increased maturity for the company's facilities.
First quarter 2022 - Net sales increased by 26 percent to SEK 30.4 M (24.2), driven by positive growth for the company´s facilities including new sites opened during 2021.
- Gross profit/loss increased by 65 percent to SEK 12.7 M (7.7). Gross margin increased to 42 percent (32).
- Operating profit/loss before value changes amounted to SEK 2.2 M (-1.9).
- Value changes in investment properties totalled SEK 23.0 M (10.1).
- Profit/loss for the period amounted to SEK 5.0 M (-5.7).
- The facility in Högsbo opened.
- The construction of a new storage facility in Farsta started in March 2022. The facility will be comprising just over 4,450 square metres of lettable area and more than 700 self storage units.
- Delisting of the shares from Nasdaq First North Growth Market Stockholm took place on 10 January 2022.
- The Extraordinary General Meeting on 11 January 2022 elected a new Board of Directors.
- The new CFO, Henrik Backman, started his position in January 2022.
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