Focus on financing issues
Henrik Morén has been CFO of Arlandastad Group since June 2023. He has worked with Real Estate and Finance in banking and in various companies since the 1990s, most recently as CFO of a listed real estate company. Financing issues have been in focus during his initial time at the company.
“Higher inflation and tighter monetary policy have affected us during the year in the form of higher interest expenses. Moving forward, we will be more active in working with derivative instruments and various kinds of hedging strategies, such as interest rate hedging, capital commitment hedging and inflation hedging. Our finance policy allows for such strategies, and we are actively examining them at present.”
In new construction projects during the year, Arlandastad Group has chosen to enter into collaborations in the form of joint ventures, thus sharing the risk with business partners and lessening the burden on liquidity.
“Joint ventures have become something of a signum for us. They represent a constructive and effective way of financing projects and also provide benefits as they generate valuable added knowledge. In these times of uncertainty, we are also showing that our assets in infrastructure-adjacent areas are strategically important and attractive, with underlying values that can be further developed. This is made very apparent by the involvement of other parties who are willing to share time and money with us.”
Arlandastad Group has the goal of increasing the proportion of green financing in connection with new construction and redevelopment projects.
“We have a strong commitment to developing properties and areas that are sustainable. We view this as essential when it comes to building companies in the long term, and it is also reflected in the demands imposed by investors and banks. Furthermore, being able to classify loans as green financing also entails certain cost savings.”
The development and efficiency improvement of Stockholm Skavsta Airport has been high on the agenda during the year.
"There is a great deal of untapped potential in Skavsta. We can develop the area so that it becomes the natural infrastructure node that the region needs. During the year, we have taken significant steps on the road to profitability.”
The finance function is focused on continuous improvement measures.
“It has to do with overarching issues regarding capital structure, progress of projects and financing of projects, as well as our internal work and how we coordinate and consolidate the work, and the systems we use for reporting purposes. As we work towards the future, we do so on the basis of the strong level of expertise and dedication of our staff. This is the foundation for our continued development.”
This interview is an excerpt from the Annual and Sustainability Report 2023. Find all our Reports here.