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An announcement from K-Fast Holding AB Class B ( ($SE:KFAST.B) ) is now available.
K-Fast Holding AB reported a mixed financial performance for the January to September period, with construction income increasing to SEK 1,436.6 million, but gross profit and profit before changes in value declining due to fewer construction starts and cost increases. The property management segment showed strong growth, with income rising by 68% to SEK 765.8 million, largely due to the consolidation of Brinova Fastigheter AB. The company also announced significant property acquisitions and leadership changes, which are expected to impact future operations positively.
The most recent analyst rating on ($SE:KFAST.B) stock is a Hold with a SEK14.50 price target. To see the full list of analyst forecasts on K-Fast Holding AB Class B stock, see the SE:KFAST.B Stock Forecast page.
More about K-Fast Holding AB Class B
K-Fast Holding AB, also known as K-Fastigheter, operates in the real estate industry, focusing on the construction and management of residential properties. The company is engaged in developing and managing apartments, with a significant presence in the Swedish market. It has recently expanded its operations through the acquisition of Brinova Fastigheter AB, enhancing its property management portfolio.
Average Trading Volume: 208,991
Technical Sentiment Signal: Sell
Current Market Cap: SEK3.15B
Find detailed analytics on KFAST.B stock on TipRanks’ Stock Analysis page.