Key ratios per quarter - Group

Below you will find Hufvudstaden's key ratios per quarter.
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Group Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020
Net revenue, SEK m 518 463 434 409 490
Return on equity, % 2.1 -4.8 -2.8 -2.6 0.7
Return on equity, adjusted, % 2.8 3.0 2.7 2.6 3.1
Equity ratio, % 59 60 61 62 62
Earnings per share from property management after nom. tax (EPRA EPS), SEK 1.15 1.21 1.16 1.07 1.36
Net tangible assets (EPRA NTA) per share, SEK 171 173 176 175 178
Net earnings per share for the period, SEK 0.07 -2.27 0.38 -2.83 -2.42
Equity per share, SEK 139.02 141.45 143.72 143.00 145.83
Cash flow from operating activities per share, SEK 0.93 1.37 1.46 1.42 0.98

Alternative Performance Measures

Hufvudstaden applies the European Securities and Markets Authority’s (ESMA) Guidelines on Alternative Performance Measures. A number of the key performance measures above are alternative performance measures, i.e. a set of financial metrics not defined in IFRS or the Annual Accounts Act, and which are used to present the Company’s development and improve comparability between periods. Definitions of performance measures are given in the glossary. Below is the derivation of alternative performance measures.

  Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020
Equity ratio, SEK m           
Equity 28,124 28,617 29,075 29,497 30,080
Total assets 47,802 47,397 47,627 47,708 48,795
Equity ratio, % 59 60 61 62 62
           
Interest coverage ratio, SEK m          
Profit or loss before tax 1) 780 -1,833 -959 -789 322
Reversal of items affecting comparability and changes in value 236 2,894 2,036 1,880 929
Interest expense 1) 134 132 132 132 128
Total 1,150 1,193 1,209 1,223 1,379
Interest expense 1) 134 132 132 132 128
Interest coverage ratio, multiple 8.6 9.1 9.2 9.3 10.8
           
Net loan-to-value ratio, properties, SEK m          
Interest-bearing liabilities 8,800 8,650 8,250 7,900 8,200
Lease liabilities 722 720 729 740 750
Interest-bearing assets -925 -784 -366 -454 -725
Decided dividend 2) 506        
Total 9,103 8,586 8,613 8,186 8,225
Carrying amount, properties 45,552 45,637 46,266 46,214 49,963
Net loan-to-value ratio, properties, % 20.0 18.8 18.6 17.7 17.5
           
Net debt, SEK m          
Non-current interest-bearing liabilities 6,300 6,200 6,200 6,200 6,700
Non-current leasing liabilities 713 710 710 713 714
Current interest-bearing liabilities 2,500 2,450 2,050 1,700 1,500
Current leasing liabilities 9 10 19 27 36
Decided dividend 2) 506        
Cash and bank holdings -925 -784 -366 -454 -725
Net debt 9,103 8,586 8,613 8,186 8,225

1) Recalculated 12 months.

2) At the Annual General Meeting on March 25, 2021, the Meeting decided to distribute SEK 2.50 per share to the shareholders, corresponding to a total of SEK 506 million. The payment date for the dividend was April 1, 2021.