FASTATNasdaq StockholmReal EstateIFRS · SEK

Fastator

Fastator is a Swedish investment company focused on businesses and assets linked to the property sector. Its portfolio has included property-owning companies, service businesses, and other real-estate-related holdings, with a base in Stockholm and investments primarily in Sweden and the Nordic market.

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Revenue99.9m SEK
−69.9 %y/y
Operating profit (EBIT)-436m SEK
−192.1 %y/y
EBIT margin-436.8%
−391.9 ppy/y
Net income-600m SEK
−20.7 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-1,000-50005001,000m SEK2021: 373 m SEK2021: EBIT 710 m SEK20212022: 621 m SEK2022: EBIT -2.2 m SEK20222023: 495 m SEK2023: EBIT -750 m SEK20232024: 332 m SEK2024: EBIT -149 m SEK20242025: 100 m SEK2025: EBIT -436 m SEK2025TTM 2026: EBIT -486 m SEKTTM-486
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year
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Business

Share of revenue
Investment holdings55 %

Equity investments in listed and unlisted companies tied to the property sector.

Property-owning companies25 %

Holdings that own and manage real estate assets and portfolios.

Service companies10 %

Businesses that provide services to the property and asset-management ecosystem.

Other real-estate-related businesses10 %

Additional niche holdings and ventures connected to the broader property market.

Customers

Fastator does not sell a single operating product to end customers in the usual sense; instead, it allocates capital to property-related businesses and supports their development. Its direct counterparties are portfolio companies, co-investors, lenders, and other capital-market participants, while the underlying businesses serve tenants, municipalities, institutions, and property users.

Portfolio companies

Real-estate-related businesses that receive capital, governance support, and strategic input.

Co-investors and partners

Investors and operating partners that join Fastator in property-linked ventures.

Financing counterparties

Banks and other lenders that provide debt funding to holdings and projects.

End users of underlying assets

Tenants, residents, and institutional users served by the portfolio companies.

Strategy

Fastator’s strategy is to build value by investing in, starting, and developing businesses where it sees clear growth potential within property-related segments. It emphasizes active, long-term ownership, using capital, board participation, and industry networks to influence portfolio companies and create optionality across the portfolio.

Active long-term ownershipMedium term

Board involvement and hands-on support are central to value creation in portfolio companies.

Portfolio flexibilityMedium term

The company can add, reshape, or exit holdings as market opportunities change.

Property-sector specializationLong term

Focus on real-estate-linked segments gives access to sector knowledge and networks.

Geography

Fastator is headquartered in Stockholm and operates as a Nordic property-sector investor. The reports emphasize flexibility across geography, but the business is anchored in Sweden and the broader Nordic market through its holdings and networks.

Risks

Fastator’s risk profile is tied to the performance of its holdings, the valuation of property-related assets, and the quality of governance across portfolio companies. As an investment company, it is also exposed to market cycles, financing conditions, and impairment risk in goodwill or other acquired assets.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Property-market and valuation risk1Financing and liquidity risk2Governance and execution risk4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Property-market and valuation riskImpact: HighLikelihood: High

    The business is linked to real-estate assets and property-sector sentiment.

    Exposure: Underlying holdings and asset values

  2. Financing and liquidity riskImpact: HighLikelihood: High

    Investment companies depend on access to capital and debt markets to fund holdings.

    Exposure: Group-level funding and portfolio companies

  3. Portfolio concentrationImpact: High

    A small number of holdings can drive a large share of net asset value and performance.

    Exposure: Individual portfolio companies

  4. Governance and execution riskImpact: MediumLikelihood: Medium

    Value creation depends on active ownership, board influence, and portfolio-company execution.

    Exposure: Partly owned and controlled holdings

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Accounting

Judgemental items
IFRS 15 service revenue

Management and consulting fees are recognized as services are performed or completed, affecting timing of revenue.

Impact: Reported revenue can shift with contract timing and delivery milestones.

Fair value of holdings

Investment-company results depend on valuation of portfolio companies and related assets.

Impact: Changes in assumptions can materially affect reported earnings and net asset value.

Goodwill impairment

Acquired businesses may carry goodwill that is tested for impairment rather than amortized.

Impact: Downward valuation changes can create large non-cash charges.

IFRS 16 leases

Office and equipment leases create right-of-use assets and lease liabilities.

Impact: Affects leverage, EBITDA presentation, and balance-sheet size.

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Last updated: 24/09/2026