contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


ncr-comments-offentliga-hus-i-norden-ab-publ-q4-2020-report

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Our 'BB' issuer rating on Offentliga Hus i Norden AB (publ) (Offentliga Hus) is unchanged following the publication of its fourth-quarter results.Income statement heavily impacted by non-recurring...

<div class="mfn-preamble">Our 'BB' issuer rating on Offentliga Hus i Norden AB (publ) (Offentliga Hus) is unchanged following the publication of its fourth-quarter results.</div><div class="mfn-body">Income statement heavily impacted by non-recurring costs Adjusted for one-off items, Offentliga Hus' fourth-quarter report was in line with our expectations. Reported revenues in the quarter were SEK 152.1m (compared with SEK 103.0m in the fourth quarter of 2019) and reported EBITDA was SEK 66.0m (SEK 55.1m), corresponding to an EBITDA margin of 43.4% (53.5%) for the quarter. The material decrease in margins was a result of substantially higher administrative expenses; SEK 46.9m in the quarter, compared with SEK 14.1m a year earlier. Adjusted for non-recurring expenses (including SEK 10m associated with an initial public offering (IPO) and SEK 4m associated with retroactive value-added tax) the EBITDA margin was 52.6%. In addition, financial costs increased significantly in the quarter, due to early redemption of a senior unsecured bond and provisions for synthetic options.On the back of these increased expenses, along with a substantially negative deferred tax provision, the company recorded a net loss of SEK 70.5m for the quarter and a net profit of SEK 2.4m for the full year.The average lease duration in Offentliga Hus' portfolio was 5.2 years, an increase from 4.7 years a quarter earlier. The occupancy ratio was 93%, broadly unchanged from the previous quarter.Lowered financial gearing after IPO The NCR-adjusted loan-to-value ratio (including 50% equity treatment of a SEK 575m hybrid bond) was 58.9%, a substantial and expected decrease from 70.1% a quarter earlier, on the back of a successful IPO in October. The NCR-adjusted EBITDA to net interest ratio was 1.5x, unchanged from the previous quarter. As a result of the IPO, the company had substantial cash holdings of SEK 522.7m at year-end.Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) acquires majority stake In December, SBB acquired a 54.3% stake in Offentliga Hus, following which we placed the long-term issuer rating on the company on Watch with positive implications. Since then, the acquisition has gained approval from the Swedish Competition Authority, and SBB has announced a public offering of SEK 15.4 per share with the acceptance period expiring around 13 Apr. 2021.This commentary does not constitute a rating action. If you have any questions, please contact: Marcus Gustavsson, credit rating analyst, +46700442775, <a href="mailto:marcus.gustavsson@nordiccreditrating.com" target="_blank" rel="nofollow noopener">marcus.gustavsson@nordiccreditrating.com</a> Mille O. Fjeldstad, credit rating analyst, +4799038916, <a target="_blank" href="mailto:mille.fjeldstad@nordiccreditrating.com" rel="nofollow noopener">mille.fjeldstad@nordiccreditrating.com</a></div><div class="mfn-footer mfn-about">About Us<hr/>Nordic Credit Rating AS is a credit rating agency headquartered in Oslo with a branch in Stockholm. The company provides credit ratings to companies and financial institutions in the Nordic region, and bases its analysis on local insights. Nordic Credit Rating is registered with the European Securities and Markets Authority (ESMA).</div><div class="mfn-footer mfn-attachment mfn-attachment-pdf">Attachments<hr/><a href="https://storage.mfn.se/223c36dd-6beb-47d8-a98e-ca559b239597/ncr-comments-offentliga-hus-i-norden-ab-publ-q4-2020-report.pdf" target="_blank" class="mfn-generated mfn-primary" rel="nofollow noopener">NCR comments: Offentliga Hus i Norden AB (publ) Q4 2020 report</a></div>