CASTELLUM AB UNSP/ADR - CWQXY STOCK NEWS

Castellum will release its interim report for January-September 2022 on October 20 at 8:00 a.m. (CEST). A live presentation with CEO Rutger Arnhult, CFO Maria Strandberg, and Head of Treasury Jens Andersson will follow at 10:00 a.m. (CEST). The report will be accessible on their website.

Investors can join a teleconference afterward to ask questions. Castellum, a leading Nordic property firm, aims for climate neutrality by 2030 and is listed on Nasdaq Stockholm Large Cap.

Castellum has approved M2 Asset Management AB to proceed with the sale of its shares during an ongoing closed period, which is set to end on October 20, 2022. This decision stems from exceptional circumstances, as M2 faces urgent financial claims that necessitate the sale. Castellum recognizes that these conditions were beyond M2's control and that delaying the sale is not an option for M2. As of June 30, 2022, Castellum's property value was approximately SEK 185 billion, and it aims for complete climate neutrality by 2030.

Castellum has completed the Korsningen block project, receiving the NollCO2 certification, showcasing its commitment to sustainability. The project, housing the Swedish Police Authority, features a 6,900 square metre wooden office building that generates surplus renewable energy via solar panels. The construction reduces emissions by approximately 40% compared to traditional methods. An investment of MSEK 225 was made, with a rental value of SEK 15 million annually and a 100% occupancy rate. Castellum aims for complete climate neutrality by 2030.

Castellum AB has announced the formation of its Nomination Committee ahead of the 2023 Annual General Meeting (AGM) scheduled for March 23, 2023. The committee comprises five members, representing approximately 25.5% of total shares. It includes representatives from major shareholders such as Rutger Arnhult and company, Länsförsäkringar Fonder, and Handelsbanken Fonder. The committee's responsibilities include proposing a chairman for the AGM, board member nominations, auditor appointments, and remuneration proposals. Shareholders can submit their input to the committee by December 6, 2022.

Castellum has secured the Green Equity Designation on Nasdaq Stockholm, becoming the first large property company in the Nordics to achieve this status. This designation is part of Nasdaq's initiative to encourage sustainable investments, requiring at least 50% of sales and investments to be green. Castellum reported that 60% of its sales and 62% of investments meet these criteria, with less than 5% of assets linked to fossil fuels. The company aims to be climate-neutral by 2030, highlighting its ongoing commitment to sustainability.

Castellum announces an updated framework for its green corporate medium-term notes (MTNs) following increased investor demand. This new framework aligns with the 2021 ICMA Green Bond Principles and EU taxonomy, enhancing sustainability requirements. Proceeds from these green MTNs are exclusively allocated to projects meeting Castellum's green criteria. Castellum aims for climate neutrality by 2030 and is included in the Dow Jones Sustainability Index. As of June 30, 2022, its property value was approximately SEK 185 billion, marking its position as a key player in sustainable property development.

Castellum AB reported a strong half-year performance for January to June 2022, achieving an income of SEK 4,400 M, marking 47% growth in property management income to SEK 2,375 M. Net income rose to SEK 6,933 M, translating to SEK 20.80 per share. The long-term net reinstatement value increased by 16% to SEK 263 per share. The company invested SEK 2,678 M in its portfolio, with a total property value of SEK 185 billion. Castellum maintains a loan-to-value ratio of 38.2%, indicating financial stability in a challenging market.

On July 15, 2022, Castellum will release its half-year report for 2022 at 8:00 a.m. (CEST). A live webcast will follow at 9:00 a.m. (CEST), featuring insights from CEO Rutger Arnhult and CFO Maria Strandberg. The report will be available online, and the presentation will be recorded for later access. Participants can join the teleconference for a Q&A session after the presentation. Castellum, valued at approximately SEK 182 billion as of March 31, 2022, aims to achieve climate neutrality by 2030.

Castellum reported a record increase in earnings for Q1 2022, with income rising to MSEK 2,193 from MSEK 1,502. The income from property management reached MSEK 1,151, translating to SEK 3.40 per share. While the change in property values was MSEK 442, net income totaled MSEK 3,613, or SEK 10.68 per share. The long-term net reinstatement value rose by 18% to SEK 259 per share. Castellum made substantial investments totaling MSEK 1,195, with net lettings reported at MSEK 25. The company continues to maintain a strong financial position and aims for climate neutrality by 2030.