Doxa AB
DOXA.ST
Stockholm Stock Exchange0.37
SEK
-0.01
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Doxa AB
DOXA.ST
(Stockholm Stock Exchange)
Recent
price
0.37
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Doxa AB (publ) (DOXA.ST) operates as a Swedish real estate investment company that acquires, develops, manages and strategically sells properties and development projects, with a focus on creating value through flexible investments in situations involving over-leveraging, refinancing needs or fund liquidations; its portfolio encompasses offices, sports and event spaces including Malmö Arena, hotels, restaurants and conference facilities, commercial premises, warehouses and light industrial properties, community buildings, apartments, residences, logistics facilities and project development rights. The company provides comprehensive services in contracting, project development and property management through subsidiaries and related entities, primarily targeting the Swedish market with operations centered in Malmö, Gothenburg and surrounding regions such as Skåne County and Halmstad; founded in 1987, Doxa AB (publ) maintains its headquarters at Hyllie Stationstorg 2 in Malmö, Sweden. Its business segments include Doxa Karlastaden, overseeing the major Karlatornet skyscraper urban development project in Gothenburg, and Doxa Projektutveckling, which develops land and projects for resale to generate returns. In late December 2024, Fastighets AB Balder acquired Doxa's Fastigheter business area, comprising twelve investment properties mainly around Malmö Arena in Hyllie and Landskrona valued at approximately SEK 4.0 billion (EUR 0.35 billion), alongside apartments primarily in Karlatornet, resulting in debt reduction of about EUR 0.31 billion and liquidity improvement of EUR 26 million with no earnings impact; concurrently, former Serneke CEO Ola Serneke purchased non-strategic project assets for EUR 17.5 million mostly via promissory note. During Q2 2025, Doxa sold Fastighetsstaden i Halmstad AB at book value (SEK 426.7 million), reducing debt by SEK 371.6 million and boosting cash by SEK 55.1 million, while completing settlements for remaining housing cooperatives as part of ongoing restructuring to shrink operations, cut expenses and divest non-core assets amid a balance sheet contraction from SEK 8,195.5 million at end-2024 to SEK 4,512.8 million. These moves enable sharpened focus on high-value project portfolios in 2025 under CEO Christian Lindgren, who assumed the role in October 2024.