In a surprising turn of events, Öresund reported a negative operating result of -50.5 million SEK for the last quarter, a stark contrast to the positive 429.4 million SEK in the previous period. This unexpected outcome was influenced by a combination of received dividends totaling 31.6 million SEK and securities’ value changes amounting to -72.5 million SEK. The bottom line, after taxes, stood at -64.9 million SEK, a significant drop from the 448.9 million SEK recorded earlier.
Despite these setbacks, Öresund remains optimistic about the future, proposing an ordinary dividend of 7.20 SEK per share, marking a 2.9% increase from the previous payout. This dividend will be distributed in two installments, reflecting the company’s commitment to its shareholders.
Furthermore, Öresund’s asset value experienced a slight decline of 1.6% in the fourth quarter, outperforming the SIX Return Index, which dropped by 5.8%. However, for the full year, the asset value increased by 8.7%, aligning closely with the 8.6% rise in the index. Notably, Öresund’s key holdings in Bilia and Scandi Standard, accounting for 25% and 18% of the asset value, respectively, have played a crucial role in maintaining stability.
Looking ahead to 2025, Öresund anticipates a shift in market dynamics, driven by lower interest rates that are expected to benefit consumer-centric stocks over industrial ones. In particular, Öresund highlights Bilia’s resilience in the face of interest rate hikes, emphasizing the company’s diversified revenue streams beyond new car sales. With the expectation of lower interest rates, Öresund sees Bilia well-positioned to capitalize on an economic upturn.
Similarly, Öresund’s confidence extends to its other holdings, such as Scandi Standard, Bahnhof, and Stenhus Fastigheter, all poised for growth in the coming year. The company’s strategic outlook is underpinned by a commitment to a diversified portfolio that is primed to outperform market benchmarks.
In terms of investment activities, Öresund made notable moves in the fourth quarter, acquiring securities worth 21 million SEK and divesting assets totaling 93 million SEK. Notably, Bioarctic saw a significant divestment of 70 million SEK during this period, reflecting Öresund’s proactive approach to portfolio management.
Overall, Öresund’s financial performance in the last quarter may have raised eyebrows, but the company’s strategic vision and diversified portfolio position it well for future growth and success. As the markets evolve, Öresund remains steadfast in its commitment to delivering value to its shareholders and navigating changing economic landscapes with resilience and foresight.