Atrium Ljungberg. Preliminary Financial Statement January 31 December

Transcription

1 Atrium Ljungberg Preliminary Financial Statement 1 January 31 December We create living meeting places for people, for the retail sector, and for businesses.

2 Atrium Ljungberg AB (publ) Preliminary financial statement, Net sales totalled SEK million (1 855 m) Operating profit from property management totalled SEK million (934 m) Profit before changes in value totalled SEK million (537.2 m) Unrealised changes in value totalled SEK million ( m) Profit after tax totalled SEK million ( m), which corresponds to SEK 1.44 per share ( 3.09) Investments in Atrium Ljungberg s own property totalled SEK million (1 223) Gearing amounted to 45.6 per cent (43.8) The Board proposes a dividend of SEK 2.25 per share (2.00) 2 Significant events during the year Atrium Ljungberg s operations have been characterised in, despite the economic recession, by a high rate of development and investment in ongoing projects in which just over SEK million (1 223 m) has been invested during the year. Work has focused primarily on construction at Sickla, Farsta Centrum, Mobilia in Malmö, Port73 Handen in Haninge, Gränby Centrum in Uppsala, Kvarteret Igor (formerly Arosian) in Västerås and Mittpunkten in Östersund. The expansion of the Sickla Gallery in the Sickla Köpkvarter was commenced at the beginning of the year. The new retail section covers an area of m 2 and with around 300 new parking spaces. Around 25 new retail outlets, primarily within the fashion sector, have opened in Sickla Gallery during the year. In January, the M7 Knowledge Gallery commenced operation in Sickla with the official opening in April. This site which covers an area of m 2 is fully let and is comprised of a mix of upper secondary level and tertiary education institutes, research facilities, companies and organisations. Svenssons in Lammhult also opened its store in Sickla in October. The development of Farsta Centrum has continued according to plan in. The first stage of the renovation and expansion, which covers a total area of m 2, was opened in October and November. A total of ten new retail outlets were in place by the opening, including several new ventures. In November 2008, a completely new gallery section of approx m 2 was opened in Gränby Centrum in Uppsala which included over ten new stores. A further two sections have been opened in meaning that around 25 new retail stores have been added in the 2008 period, most of which are new ventures. Mobilia in Malmö is progressing according to plan, both in regard to detail development planning and construction. 40 new apartments in the Bohus 7 building, in direct connection with the shopping centre, have been completed. The commercial premises in Bohus 7 totalling just over m 2 are almost fully let. These will be opened in February 2010 when six retail outlets, including a consumer electronics store, will open in the new premises. The new Mittpunkten city gallery was opened in Östersund in September. The work on renovating and revamping the image of the gallery is thus completed and all retail space has been let. This work has covered around m 2 over six floors as well as including 200 parking spaces. In total, over twenty new stores have moved into Mittpunkten. Construction work also started in on a new retail centre in Handen in the Haninge municipality. This retail area, which has been given the name of Port73 Handen, shall be developed into a strong regional centre with a focus on rational and convenient shopping. Atrium Ljungberg will

3 complete the first stage with an area of approx m 2 in October Around 80 per cent of this is already let in advance. In Rotebro, the Coop has been a leading tenant for quite some time. It became clear during the year that the Coop would reduce its area and invest in a new unit with a clear focus on fresh food. This new unit will be ready in March A new lease has been signed with Axfood for the establishment of Willys in Rotebro and this unit will also open in March This marks the emergence of a strong destination for convenience goods based on the Coop and Willys and supplemented by Apoteket and Systembolaget. A major project is underway to renovate Kvarteret Igor (formerly Arosian) in Västerås. The revitalised gallery will be a modern, fashion destination that will also house media, food and drink outlets. The total area of the gallery will be around m 2 and will have over 40 stores when it is completed in September Systembolaget, the Coop and Clas Ohlson already opened for the Christmas season. Around 90 per cent of the area is let in advance. Construction also began during the year on a new office building in Sickla with a letting area of m 2. The largest tenant will be Atlas Copco which will lease m 2 of the total area for its new head office. Plans for the remaining area include a new head office for Atrium Ljungberg AB. The building is expected to be completed in early Demand for office space has varied during the year. A number of leases have been signed for large new premises first and foremost in Norra Station, Södermalm and Sickla. In addition, several major leases have been renegotiated and extended. Tieto, which has been a tenant in Ärvinge in Kista since 1992, decided during the year to relocate parts of its operations together at Värtahamn. An agreement has been entered into to allow Tieto to vacate the m 2 premises it currently leases as of 31 August Property transactions In Atrium Ljungberg sold seven commercial properties: Termiten 1 (Storknallen in Borås); Sunaman 5 (Linnégallerian in Växjö); Åldermannen 25 (Kvasten in Kalmar); Vestalen 10 (Cityhuset in Eskilstuna); Plåtslageren 7 (Gallerian in Motala); Jupiter 15 (Tegelhuset in Södertälje) and Tegelbruket 1 (Botkyrka Handel). The purchase price for these properties totalled SEK million and the profit after tax amounted to SEK 66 million. The properties were taken over by the purchaser on 1 September. The deal is part of a long-term strategy to refine the property portfolio and focus on ownership and management. The deal provides the means to carry out further investment in priority subsidiary markets. The leasehold sites Charkuteristen 1 and 7 which are located in the Slakthus area by the Globe have also been sold in. The purchase price for these was SEK 18 million. The purchaser took over the sites on 22 December. No acquisitions have been made in. Net sales and net profit/loss The Group s net sales totalled SEK million (1 855 m). The Group reported a profit before changes in value of SEK million (537.2 m). Unrealised changes in value totalled SEK million ( m) while profit from the sale of property amounted to SEK 0.1 million ( 21.6 m). The writedown on goodwill totalled SEK 51.7 million ( 26.2 m) relating to the sale of property. The Group posted a profit after tax of SEK million ( m), which corresponds to SEK 1.44 per share ( 3.09). Net sales for the parent company totalled SEK million (519.5 m) while the profit after tax amounted to SEK million (15.2 m). The change is largely due to dividend payments received from subsidiary companies. Property management Rental income totalled SEK million (1500 m) and operating profit amounted to SEK million (887.2 m). The letting ratio for Atrium Ljungberg properties is 93 per cent (94) including project properties. Project and construction activities Net sales for project and construction activities during the period totalled SEK 324 million (355 m). This segment posted an operating loss for the year of SEK 3.3 million ( 2.9 m). This figure includes non-capitalizable costs relating to development projects. The net sales of the TL Bygg subsidiary com- 3

4 pany totalled SEK 349 million (359 m), of which SEK 50 million (67 m) comprised work carried out for group companies. TL Bygg s profit after tax amounted to SEK 24.5 million (23.2 m). Financial position Cash and cash equivalents on the balance sheet date totalled SEK million (178.4 m). Interestbearing liabilities totalled SEK million (8 351 m) and the average interest rate was 3.8 per cent (4.7 %). The average fixed interest term was 2.1 years (2.7). Equity on the balance sheet date totalled SEK million (8 496 m). The equity ratio was 42.4 per cent (42.2 %). The gearing ratio was 45.6 per cent (43.8 %). Property values The financial crisis that broke out in 2008 has also characterised. The global economic crisis has given rise to both credit market unrest as well as a deteriorating economic outlook. This has contributed to falling property values. There was considerable price uncertainty during the first half of the year due to the very small number of transactions. The number of transactions increased in the second half of the year, primarily for smaller properties or smaller portfolios. Required returns increased during the first half of the year but saw a stabilisation in the second half. The book value of the whole property portfolio as at balance sheet date totalled SEK million ( m). Development rights and land account for SEK 304 million (371 m) of this figure. Investments in properties in totalled SEK million. There were no new acquisitions during the year. Properties for a total value of SEK million were sold during the year. Atrium Ljungberg s valuation of the property portfolio as per the balance sheet date is based on internal cash flow calculations with individual assessments of each property s future earning capacity based on the property s use and condition at the time of valuation. As part of the Group s endeavours to ensure that the valuation is accurate, independent valuation experts have conducted an external valuation of a normative portfolio comprising 39 per cent of the total value. The valuations were conducted by Forum Fastighetsekonomi and CBRE. The assumptions with regard to rental levels and yield requirements used in the internal valuations have, furthermore, been quality assured by Forum Yield requirement per premises type, % Premises type Interval Average Office Retail Residential Other Total Yield requirement per segment, % Segment Interval Average Stockholm, city centre Stockholm, other Uppsala Mälardalen Sweden, other Project properties Total Property portfolio, as per January December 1) Yield 1) Property portfolio by segment No. of properties Letting area, thousand m 2 Fair value, Fair value, SEK SEK/m 2 million Rental value, SEK million Rental value, SEK/ m 2 Economic letting ratio, % Rental income, SEK million Property costs, SEK million Operating profit, SEK million % Stockholm, city centre Stockholm, other Uppsala, Mälardalen Sweden, other Total Project properties Total Sold properties Group total ) Refers to actual result for the year. 4

5 Fastighetsekonomi, as has the model used in the valuation. Assumed rental levels in conjunction with contract expiries correspond to current market rental levels. Development rights and land have been valued on the basis of an estimated market value per m 2 and include only confirmed development rights in accordance with approved development plans. Unrealised changes in the value of properties totalled SEK 523 million ( m), corresponding to a fall in value of 3 per cent. Approx. SEK 390 million of this fall in value is attributable to the increase in the yield requirement of 0.1 percentage points, and approx. SEK 210 million is attributable to the fall in rental levels as a result of a fall in the consumer price index. Positive changes in value due to the completion of development projects, new lettings and increases in rent have been offset against these write-downs. Events after the balance sheet date The composition of the management group has changed as of 1 January The management group is now comprised of Anders Nylander, MD, Micael Averborg and Kristina Johnson, Property Management Directors, Carola Lavén, Business Development Director, Magnus Alteskog, Project Management Director, Ingalill Berglund, Financing and Investor Relations Director and Annica Ånäs, Finance Director. Risks and uncertainty factors Atrium Ljungberg s property portfolio of full-service environments is primarily located in strong subsidiary markets in growth regions. The Group believes that these markets suffer less during a recession. The company enjoys a strong financial position with strong key ratios, such as low gearing and a high interest coverage ratio. A relatively high percentage of the company s interest-bearing loans have long, fixed terms and fixed interest rates. Taken as a whole, this means a low risk and predictable financial costs for Atrium Ljungberg in the future. On the investment front, the company s conservative principle, whereby no new investments are made without securing a good return by concluding letting agreements, will continue to be applied. Outlook for 2010 The Swedish economy has been characterised in by the financial crisis and economic recession. In recent months however, the availability of finance has increased in the market and signs of economic recovery have been seen, first and foremost in the Stockholm and Mälardalen regions. There is much to indicate that a recovery in the Swedish economy will be boosted in At the same time we can expect interest rate levels to increase during the year. The company is well positioned to meet a variety of future scenarios for owning property and development projects in strong subsidiary markets. The strategic sales during the year give lower rental income for 2010 but also allow opportunity for expansion and acquisitions in strong subsidiary markets. Our project portfolio includes many opportunities. The company will invest more than SEK 1 billion in our own properties in The project properties have a high letting ratio and will provide increased rental income towards the end of the year and in subsequent years. The profit forecast before changes in value will be published in the Q2 report. Dividend Dividend payments shall correspond to at least 50 per cent of the profit before changes in value, after estimated tax, unless investments or the company s financial position otherwise justify a deviation from this policy. A dividend of SEK 2.25 per share (2.00) is proposed for the financial year. Annual General Meeting The Annual General Meeting will be held on 8 April at (CET) at the M7 Knowledge Gallery in Sickla Köpkvarter, Marcusplatsen 7. The Annual Report will be distributed to shareholders and will be available from the company s offices and on its website no later than two weeks before the AGM. Stockholm, 23 February The Board of Directors 5

6 Consolidated Income Statement SEK million 1/1 31/ /1 31/12 1/10 31/ /10 31/12 Rental income Project and construction activities Net sales Property management costs Costs for heating, water, refuse collection etc Other operating costs Management costs Repairs Property tax Leasehold charges Non-deductible VAT Project and construction activity costs Gross profit/loss of which gross profit/loss relating to property management (operating profit) of which gross profit relating to project and construction activity Central administration for property management Central administration for project and construction activity Operating profit/loss of which operating profit/loss relating to property management of which operating profit relating to project and construction activity Financial income Financial expenses Profit/loss before changes in value Changes in value Property, unrealised Property, realised 1) Write-down on goodwill 2) Profit/loss before tax Current tax Deferred tax 1), 2) Net profit/loss for the year Other consolidated income Cash flow hedging Tax relating to other reported income and expenses Total consolidated income Total consolidated income for the period Earnings per share, SEK Diluted earnings per share, SEK See page 10 for Notes to the Financial Statements and note references. 6

7 Segment reporting, Atrium Ljungberg s segmentation is based on the two business areas: property management and construction activity. Property management is broken down by geographic market and project properties. The figures are given in SEK million. Stockholm, Stockholm, Uppsala, Sweden, Project Property Project and construction Unallocated Consoli- city centre other Mälardalen other properties sold activity items dated Rental income Project and construction activity sales Net sales Property management costs Production costs Gross profit/loss of which, gross profit/loss relating to property management (operating profit) of which gross profit relating to project and construction activity Central administration for property management Central administration for project and construction activity Operating profit/loss of which operating profit/loss relating to property management of which operating profit relating to project and construction activity Financial income Financial expenses Profit/loss before changes in value and tax Unrealised changes in value Realised changes in value Write-down on goodwill Current tax Deferred tax Profit/loss before tax Investment per business segment Management properties Project and construction activity Assets per business segment Management properties Project and construction activity Unallocated common assets

8 Segment reporting, cont Stockholm, city centre Stockholm, other Uppsala, Mälardalen Sweden, other Project properties Property sold Project and construction Unallocated activity items Consolidated Rental income Project and construction activity sales Net sales Property management costs Production costs Gross profit/loss of which, gross profit/loss relating to property management (operating profit) of which gross profit relating to project and construction activity Central administration for property management Central administration for project and construction activity Operating profit/loss of which operating profit/loss relating to property management of which operating profit relating to project and construction activity Financial income Financial expenses Profit/loss before changes in value and tax Unrealised changes in value Realised changes in value Write-down on goodwill Current tax Deferred tax Profit/loss before tax Investment per business segment Management properties Project and construction activity Assets per business segment Management properties Project and construction activity Unallocated common assets

9 Consolidated Balance Sheet, in summary SEK million ASSETS Investment properties etc New construction in progress Tangible assets Goodwill Other fixed assets Total fixed assets Current assets Cash and cash equivalents Total current assets Total assets EQUITY AND LIABILITIES Equity Deferred tax liability Long-term liabilities to credit institutions Other long-term liabilities Total long-term liabilities Current liabilities to credit institutions Other current liabilities Total current liabilities Total equity and liabilities Change in equity Other contributed capital Attributable to the parent company s shareholders Profits brought forward Profits brought forward incl. consolidated profits SEK million Share capital Hedging reserves Total equity Opening balance as per 1 January Change in equity in 2008 Total consolidated profit/loss for the period 1 January 31 December Dividend Reclassification Incentive programme Closing balance as per 31 December Change in equity in Total consolidated profit/loss for the period 1 January 31 December Dividend Incentive programme Closing balance as per 31 December There are a total of ( ) shares in the company, of which ( ) are class A shares and ( ) are class B shares. One class A share grants entitlement to ten votes and one class B share grants entitlement to one vote. At the end of the financial year, there were a total of ( ) outstanding shares. The company holds a total of ( ) of its own class B shares. The quota value of the share is

10 Consolidated Cash Flow Statement SEK million 1/1 31/ /1 31/12 1/10 31/ /10 31/12 OPERATING ACTIVITIES Profit/loss before tax Reversal of write-downs and depreciation Reversal of profit/loss from property sales Reversal of changes in value of investment properties Tax paid Cash flow from operating activities before changes in working capital Net change in working capital Cash flow from operating activities INVESTMENT ACTIVITIES Acquisition of property 3) Renovation and new construction of property Sale of property 1) Other investments Cash flow from investment activities FINANCING ACTIVITIES Dividend paid Incentive programme Change in interest-bearing liabilities Cash flow from financing activities Cash flow for the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Notes to the Financial Statements and note references Accounting policies: This interim report has been prepared in accordance with IAS 34. In addition, the Group applies the Swedish Financial Reporting Board s recommendation, RFR 1.1. Supplementary Accounting Regulations for Groups, which specifies the supplementary disclosures required pursuant to the provisions of the Swedish Annual Accounts Act. The same accounting policies have been applied as those applied in the most recent annual report of the Group. Segment reporting is reported in accordance with IFRS 8. Reporting of the external business segments is presented in the same way as the internal information which is distributed to the highest level decision-makers within the Group. Atrium Ljungberg chose to apply the recommendation in the 2008 financial statements in advance of the official date of validity. Atrium Ljungberg has applied IAS 1 from 1 January. All income and costs are presented in an expanded income statement, which contains items that have previously been recorded directly against equity. The standard prescribes that all non-owner transactions shall be presented in the income statement. A consequence of the new format is also that the reporting of changes in equity has been altered. IAS 23 Borrowing Costs, which came into force on 1 January, has not entailed any change in reporting for the company as interest expenses relating to ongoing construction projects were already capitalized prior to this date. Investment properties under construction have been valued in accordance with IAS 40 IPUC. The properties have been valued for cash flow purposes with deduction for remaining investment. As the figures have been rounded to the nearest SEK million, the figures in the tables do not always add up exactly. 1) Seven commercial properties were sold in Q3 with takeover on 1 September. An office property was sold in Q4 with takeover on 22 December. The Holland 25 property in Helsingborg was sold in A number of properties that were sold in 2007 were taken over during Q ) Goodwill relating to the value of deferred tax liabilities has been written down in 2008 as a consequence of the sale of property and the change in corporation tax to 26.3 per cent. The write-down on goodwill as a consequence of the sale of property in amounts to SEK 51.7 million. 3) Refers to final payment for land acquisition in The interim report has not been subject to audit by the company s auditors. 10

11 Parent Company Income Statement SEK million 1/1 31/ /1 31/12 Net sales Management and production costs Gross Profit/loss Central administration and marketing Profit/loss on property sales 1.4 Operating profit/loss Result from participations in group companies Interest income and similar income statement items Interest expenses and similar income statement items Profit/loss after financial items Appropriations Current tax Deferred tax Profit/loss after tax Parent Company Balance Sheet, in summary SEK million ASSETS Tangible assets Financial assets Current receivables Cash and cash equivalents Total assets EQUITY AND LIABILITIES Equity Untaxed reserves Provisions Liabilities to credit institutions Other liabilities Total equity and liabilities

12 Rental income trend outcome 1) Q1 2) Q2 2) Q3 2) Q4 2) Stockholm, city centre Stockholm, other Uppsala, Mälardalen Sweden, other Project properties 2) Properties sold 81 Total ) Rental income excluding one-off provisions. Fixed interest Loan amount Percentage Average interest Fixed term in SEK million of loan, % rate, % Varable and thereafter Total ) Contracted rental income excluding one-off provisions. Letting ratio Rent value, Rental contracts 1), Letting ratio, Q SEK million SEK million % Stockholm, city centre Stockholm, other Uppsala, Mälardalen Sweden, other Project properties 2) Total Capital commitment Loan amount Percentage Fixed term in SEK million of loan, % and thereafter Total ) Contracted rental income excluding one-off provisions. 2) Properties with ongoing renovation or extension work for a value in excess of SEK 50 million that has entailed vacation of units. Contracted annual rent per segment KONTRAKTERAD ÅRSHYRA PER SEGMENT Uppsala, Mälardalen 10% Project properties 13% Stockholm, city centre 23% Sweden, other 5% Stockholm, other 49% Contracted annual rent per type of premises KONTRAKTERAD ÅRSHYRA PER LOKALTYP Residential 4% Other 14% Retail 51% Offices 31% Atrium Ljungberg share price trend Class B share 12

13 Key ratios 1) 1/1 31/ /1 31/12 1/10 31/ /10 31/12 KEY RATIOS Letting ratio, % Equity ratio, % Debt/equity ratio, multiple Gearing ratio, % Interest coverage ratio, multiple Return on equity, % Return on equity, %, excluding realised and unrealised changes in value Return on assets, % Return on assets, %, excluding realised and unrealised changes in value Average number of employees Average rate of interest on interest-bearing liabilities (at end of period), % Data per share 1) SEK Profit/loss after tax Profit/loss before changes in value after estimated tax 2) Cash flow Equity Share price Average number of outstanding shares, thousand Average number of shares after dilution, thousand 3) Number of outstanding shares at end of period, thousand 4) Number of outstanding shares after dilution at end of period, thousand 3) 4) ) See page 14 for definitions of key ratios. 2) Including 26.3% effective tax rate. 3) All option programmes expired on ) Registered number of shares less class B shares bought back. 13

14 Definitions Share dividend yield Share dividend as a percentage of the share price on the balance sheet date. Number of outstanding shares Number of registered shares less shares bought back, which do not give entitlement to dividends or voting rights. Number of outstanding shares after dilution Number of outstanding shares after dilution calculated in accordance with IAS 33. Dilution occurs in conjunction with share option programmes when the exercise price is lower than the current share price. Return on equity Net profit/loss for the year as a percentage of average equity. Return on assets Profit/loss before tax plus interest expenses as a percentage of the average balance sheet total. Debt/equity ratio Interest-bearing liabilities as a percentage of recorded equity. Equity ratio Recorded equity as a percentage of the balance sheet total at the end of the period. Dividend payout ratio Dividend per share as a percentage of profit/loss per share before changes in value, after estimated tax. Letting ratio Contracted annual rents as a percentage of the rental value on full letting. Net profit/loss for the year per share Net profit/loss for the year divided by the average number of outstanding shares after dilution. Rounding off As the figures have been rounded off to the nearest SEK million, the tables do not always add up exactly. Gearing ratio Interest-bearing liabilities as a percentage of the book value of the properties. Equity per share Recorded equity divided by the number of outstanding shares as per 31 December. Rental value Contracted annual rents and estimated market rents for vacant premises in current condition. Cash flow per share Cash flow from operating activities divided by the number of outstanding shares as per 31 December. Profit/loss before changes in value Profit/loss before changes in value, after estimated tax, divided by the number of outstanding shares. Interest coverage ratio Profit/loss before changes in value plus interest expenses, as a percentage of interest expenses. 14

15 Five-year overview SEK million CONSOLIDATED INCOME STATEMENTS, in summary Rental income Project and construction sales Net sales Property management costs Project and construction costs Gross profit/loss of which gross profit/loss relating to property management (operating profit) of which gross profit relating to project and construction activity Central administration for property management Central administration for project and construction activity Operating profit/loss of which operating profit/loss relating to property management of which operating profit relating to project and construction activity Result from participations in group companies Financial income Financial expenses Profit/loss before changes in value Unrealised changes in value Realised changes in value Write-down on goodwill Profit/loss before tax Tax on profit/loss for the year Net profit/loss for the year KEY RATIOS 1) Letting ratio, % Equity ratio, % Debt/equity ratio, multiple Gearing ratio, % Interest coverage ratio, multiple Return on equity, % Return on equity, %, excluding realised and unrealised changes in value Return on assets, % Return on assets, %, excluding realised and unrealised changes in value Average number of employees Average rate of interest on interest-bearing liabilities (at end of period), % Data per share 1) Profit/loss after tax Profit/loss before changes in value, after estimated tax Dividend ( proposed) Dividend payout ratio, % Share dividend yield, % Cash flow Equity Share price on balance sheet date Number of outstanding shares, thousand Average number of shares after dilution, thousand 1) ) All share option programmes expired on

16 Information from Atrium Ljungberg The information released to the market concerning Atrium Ljungberg s operations shall be transparent, clear and correct in order to build market confidence in our company and our brand name. As a listed company, Atrium Ljungberg is subject to the rules of the listing agreement with NASDAQ OMX Stockholm. Significant events, interim reports and preliminary financial statements are published immediately via press releases. The information is also available on the company s website. Regular meetings with analysts, investors, shareholders and financiers, and with our customers and partners, enable us to provide ongoing information on our operations, changes and current events. A printed version of annual reports and interim reports is distributed to all shareholders by post. These are also available as downloadable PDF files from our website. Interim reports and preliminary financial statements are translated into English. Interested parties can subscribe to both financial reports and press releases via our website. The site also provides information on our operations, our properties and projects, key financial ratios, share information and much more besides. PUBLICATION OF FINANCIAL INFORMATION Annual Report... week 11, 2010 Date of Annual General Meeting Interim report, Q Interim report, Q Interim report, Q Atrium Ljungberg AB (publ) Postal address: Box 4808, SE Stockholm, Sweden. Street address: Medborgarplatsen 3, 11th floor Tel.: , fax: , info@atriumljungberg.se, Registered office: Stockholm. Corporate ID No.: