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  3. •

    Real estate development
Fortinova Fastigheter AB

Fortinova Fastigheter AB

SSTO:FNOVA_B
20.40
SEK
0.00
(0.00%)
1.22BMarket Cap
Fortinova Fastigheter AB
STO:FNOVA_B
(Nasdaq Stockholm)

Recent

price

20.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2023
2024
2025
TTM
SEK
- -
4.12
4.46
4.16
6.47
7.15
7.66
- -
Revenue per Share
- -
2.52
2.84
6.57
-5.12
2.21
2.43
- -
Basic EPS, GAAP
0.65
0.91
0.77
0.65
2.49
1.87
2.13
- -
Free Cash Flow per Basic Share
0.28
0.37
0.44
0.29
0.72
- -
- -
- -
Dividend per Share
18.16
23.24
39.27
43.88
41.73
43.88
46.28
47.61
Book Value per Share
18.16
23.24
39.27
43.88
41.73
43.88
46.28
47.61
Tangible Book Value per Share
30
30
30
47
51
51
51
51
Basic Weighted Avg Shares
- -
125
135
197
332
367
393
- -
Sales/Revenue/Turnover
- -
46.93
47.12
48.76
52.82
51.96
50.81
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
77
86
311
-263
114
125
- -
Net Income, GAAP
- -
22.88
16.28
18
- -
28.26
24.99
- -
Effective Tax Rate (%)
- -
61.05
63.81
157.89
-79.16
30.94
31.7
- -
Profit Margin (%)
12
-178
-544
150
-361
-798
-377
-370
Working Capital
926
733
414
1,348
2,176
1,628
2,422
2,551
LT Debt
552
706
1,193
2,253
2,142
2,282
2,376
2,402
Total Equity
- -
2.88
2.71
2.62
- -
2.72
2.9
- -
Return on Invested Capital (%)
- -
5.81
5.24
10.91
- -
4.31
3.94
- -
Return on Capital (%)
- -
12.16
9.1
18.06
-11.96
5.17
5.39
- -
Return on Common Equity (%)

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
540
451
561
LT Borrowings
2,419
2,456
2,548
LT Finance Leases
2
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
51
50
50
Market Capitalization
1,443
1,276
1,216

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
262
251
278
Cash, Cash Equivalents & STI
211
207
238
Accounts Receivable, Net
2
26
25
Inventories
22
18
14
Total Current Liabilities
640
526
647
Payables & Accruals
- -
- -
- -
ST Debt
540
451
561
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
32.71%
4.09%
Free Cash Flow
- -
64.14%
14.05%
Net Income, GAAP
- -
-8.96%
9.77%
Sales/Revenue/Turnover
- -
27.97%
7.14%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
89
92
93
93
367
2025
94
98
- -
103
393
2026
106
105
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.46
0.52
-0.05
1.29
2.21
2025
0.39
0.7
- -
0.43
2.43
2026
0.87
0.13
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Fortinova Fastigheter AB (Publ) is a Sweden-based real estate company primarily engaged in acquiring, developing, and managing residential properties with a documented strong cash flow profile. Its core product offerings include both housing and non-residential premises, with a property portfolio predominantly consisting of residential units complemented by community service and commercial properties. The company focuses geographically on growth municipalities in western Sweden, particularly within the Halland and Västra Götaland regions, which it identifies as having strong growth potential and attractive living and working environments. Founded in 2010 and headquartered in Varberg, Sweden, Fortinova aims to generate positive returns over time irrespective of market fluctuations. Recent major developments include Fortinova's strategic move from Nasdaq First North Premier Growth Market to Nasdaq Stockholm’s Small Cap segment in November 2025, aimed at enhancing market visibility and broadening its ownership base. The company has also successfully raised capital through public offerings, reinforcing its expansion strategy and enabling sustained growth in its residential property portfolio, which is valued at approximately SEK 5.1 billion. Fortinova continues to focus on long-term management and development, including value-adding renovations and project development initiatives such as its “Pluslägenheter” upgrading program. Operational strategies emphasize maintaining strong tenant relationships and local cooperation to support growth in key municipal areas. The company is led by CEO Anders Johansson and Deputy CEO Anders Valdemarsson and has a workforce of around 41 employees. Fortinova’s business model centers on stable cash flow generation through property acquisitions, active development, and effective internal management, supported by long-term objectives aligned with market growth trends in western Sweden. This model has allowed Fortinova to build a robust asset base while actively engaging in local community and commercial property segments alongside its residential focus to ensure diversified income streams and sustained value creation.