Key figures
Key figures
(EUR thousand)
Unaudited, unless otherwise specified
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Net sales | 4,2501) | 13,574 | 20,323 | 43,692 | 39,810 |
| Rental income | 3,2131) | 2,67 | 3,914 | 7,205 | 7,509 |
| Net rental income | 1,325 | 1,979 | 2,975 | 5,383 | 5,008 |
| Operating profit | 7,1891) | 15,818 | 15,640 | -305 | 4,543 |
| Cash flow before change in working capital (FFO) | 637 | 1,714 | 1,582 | 1,721 | 1,985 |
| Fair value of investment properties | 57,0221) | 97,649 | 155,716 | 164,122 | 108,035 |
| Investments in investment properties | 18,3611) | 34,002 | 47,317 | 19,843 | 5,445 |
| Sales of investment properties | 4,3311) | 12,085 | 16,861 | 276 | 64,505 |
| Interest-bearing net liabilities | 24,033 | 40,215 | 92,306 | 102,687 | 47,373 |
| Net asset value (NAV) | 13,498 | 41,169 | 59,069 | 56,729 | 56,043 |
| LTV ratio, % | 42.1 | 41.2 | 59.3 | 62.2 | 43.9 |
| Equity ratio, % | 42.8 | 45.3 | 38.38 | 36.47 | 48.9 |
| Net asset value per share (NAV/share), EUR2) | 0.30 | 0.78 | 1.07 | 0.97 | 0.95 |
| Growth in NAV per share, % | 75.2 | 158.5 | 38.5 | -9.8 | -1.6 |
| Earnings per share (EPS), EUR2) | 0.11 | 0.24 | 0.22 | -0.08 | 0.01 |
| Occupancy rate, % | 99.0 | 98.9 | 98.40 | 97.0 | 92.3 |
| Total lettable area of dwellings, square meters | 13,006 | 6,776 | 22,501 | 34,052 | 18,404 |
| Other total lettable area, square meters | 19,582 | 17,784 | 15,304 | 14,893 | 14,210 |
1)= Audited
2)= Reverse split of shares as decided by the Annual General Meeting of the company on 22 April 2021 is taken into account in the number of shares.
Formulas for key figures add
| Key figure | Formula | |
|---|---|---|
| Net rental income | = | Rental income - Management expenses |
| Cash flow before change in working capital (FFO) | = | Cash flows before change in net working capital and financial items - Interests paid- Income taxes paid |
| Fair value of investment properties | = | Investment properties + Investment properties held for sale |
| Gross investment in investment properties | = | Gross investment at acquisition cost basis |
| Disposal of investment properties | = | Sold investment properties at fair value |
| Interest-bearing net liabilities | = | Loans from financial institutions + Lease liabilities + Liabilities to related parties + Liabilities related to investment properties held for sale + Other financial liabilities and other non-current liabilities - Cash and cash equivalents |
| Net asset value (NAV) | = | Owner’s equity - Capital loans + Deferred tax liabilities - Deferred tax assets |
| LTV ratio | = | Interest-bearing net debt / Fair value of investment properties |
| Equity ratio, % | = | Total equity / (Total assets - Advances received) |
| Net asset value | = | Net asset value (NAV) / Number of shares at the end of the period |
| Growth in NAV per share | = | (NAV per share - NAV per share in the previous year) / NAV per share in the previous year |
| Earnings per share (EPS) | = | Net profit (loss) attributable to the parent company owners for the financial year as a weighted average of the number of outstanding ordinary shares (during the financial year), excluding any own shares held by Toivo |
| Occupancy rate | = | Rental income from real estate / Possible rental income at full occupancy rate x 100, (Dwellings that are at least 2 months old included in dwellings) |
Toivo Group Oyj | Gransinmäki 6 | 02650 Espoo