Key Takeaways
- • Magnolia Bostad reported a third-quarter 2026 operating profit of SEK 67 m (vs. an operating loss of SEK 29 m a year earlier) and a profit after tax of SEK 13 m (vs. a loss of SEK 83 m).
- • For January–September 2026, net sales rose to SEK 485 m (405 m) and the operating loss narrowed to SEK 20 m (from SEK 190 m), while the loss after tax improved to SEK 173 m (from SEK 366 m).
- • The Konduktören project in Veddesta, Järfälla, comprising 197 rental apartments, was sold to Hines through forward funding in the third quarter.
- • Long-term financing was secured for completed stages B and C of Öresjö Ängar in Borås, totalling 134 apartments.
- • The company reported no significant events after the end of the period.
Summary
Magnolia Bostad, a Stockholm- and Gothenburg-based property developer focused on new housing in Sweden's metropolitan areas, published its interim report for January–September 2026 on 21 October 2026. The company reported an operating profit of SEK 67 m for the third quarter, compared with an operating loss of SEK 29 m a year earlier, and a profit after tax of SEK 13 m against a loss of SEK 83 m. Third-quarter net sales were SEK 176 m, up from SEK 23 m.
For the nine-month period, net sales amounted to SEK 485 m (405 m). The operating loss narrowed to SEK 20 m from SEK 190 m, and the loss after tax decreased to SEK 173 m from SEK 366 m, according to the company's report.
The principal transaction of the quarter was the sale of the Konduktören project in Veddesta, Järfälla, comprising 197 rental apartments, to Hines through a forward funding arrangement. CEO Mats Brandt said it was gratifying that increased activity was now reflected in earnings and that the company was better positioned to capitalise on opportunities in a market that had gained momentum. He cited Konduktören as evidence of the company's ability to act quickly on new business opportunities, and said the focus would remain on converting greater interest into business within its core areas of expertise.
The company also secured long-term financing for completed stages B and C of Öresjö Ängar in Borås, totalling 134 apartments. Magnolia Bostad stated that no significant events had occurred after the end of the period. The company's bonds are listed on Nasdaq Stockholm.
For the nine-month period, net sales amounted to SEK 485 m (405 m). The operating loss narrowed to SEK 20 m from SEK 190 m, and the loss after tax decreased to SEK 173 m from SEK 366 m, according to the company's report.
The principal transaction of the quarter was the sale of the Konduktören project in Veddesta, Järfälla, comprising 197 rental apartments, to Hines through a forward funding arrangement. CEO Mats Brandt said it was gratifying that increased activity was now reflected in earnings and that the company was better positioned to capitalise on opportunities in a market that had gained momentum. He cited Konduktören as evidence of the company's ability to act quickly on new business opportunities, and said the focus would remain on converting greater interest into business within its core areas of expertise.
The company also secured long-term financing for completed stages B and C of Öresjö Ängar in Borås, totalling 134 apartments. Magnolia Bostad stated that no significant events had occurred after the end of the period. The company's bonds are listed on Nasdaq Stockholm.
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