HUFV-ANasdaq StockholmReal EstateIFRS · SEK

Hufvudstaden

Hufvudstaden, founded in 1915, is a prominent property company in Sweden, known for its high-quality commercial properties located in central Stockholm and Gothenburg. The company focuses on offering office and retail spaces in prime business locations, aiming to be perceived as the most attractive property company in Sweden. Hufvudstaden is committed to long-term management and development of its property portfolio, maintaining a strong brand reputation for quality and service. The company is listed on Nasdaq Stockholm and has a significant presence in the Swedish real estate market.

Revenue3,292m SEK
+3.5 %y/y
Operating profit (EBIT)1,400m SEK
+58.3 %y/y
EBIT margin42.5%
+14.7 ppy/y
Net income365m SEK
+0.0 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-4,000-2,00002,0004,000m SEK2020: 1,796 m SEK20202021: 2,488 m SEK2021: EBIT 3,865 m SEK20212022: 2,746 m SEK2022: EBIT 1,089 m SEK20222023: 2,962 m SEK2023: EBIT -2,256 m SEK20232024: 3,179 m SEK2024: EBIT 884 m SEK20242025: 3,292 m SEK2025: EBIT 1,400 m SEK20253,2921,400
RevenueOperating profit (EBIT)

Business

Share of revenue
Office Premises50 %

High-quality office spaces in central locations

Retail Spaces30 %

Retail premises in attractive marketplaces

Property Management10 %

Management services for commercial properties

NK Retail5 %

Retail operations under the NK brand

Other Operations5 %

Includes coworking, e-commerce, and parking services

Customers

Hufvudstaden serves a diverse range of customers, primarily focusing on successful companies seeking high-quality office and retail spaces in central Stockholm and Gothenburg. Their customer base includes large corporations, retail brands, and small to medium-sized enterprises looking for prestigious business locations. The company emphasizes customer satisfaction and aims to enhance their clients' business potential and competitiveness. By offering premium properties and services, Hufvudstaden attracts businesses that value quality and strategic location.

Corporate Clients

Lease office spaces for strategic business presence

Retail Brands

Rent retail spaces to enhance market visibility

SMEs

Seek flexible office solutions in central locations

Coworking Clients

Utilize coworking spaces for flexibility and networking

Strategy

Hufvudstaden's strategic priorities include maintaining high customer satisfaction, enhancing property quality, and fostering employee development. The company aims to gradually increase profits from current operations while adapting to digital advancements to create added value. By focusing on quality management and business development, Hufvudstaden seeks to strengthen its market position and ensure long-term growth. The company also prioritizes sustainability in its property developments, aligning with modern business practices.

Customer SatisfactionMedium term

To maintain industry leadership and client retention

Property QualityLong term

To attract high-profile tenants and increase rental income

Digital AdaptationMedium term

To enhance operational efficiency and value creation

SustainabilityLong term

To align with modern business practices and regulations

Geography

Hufvudstaden's operations are concentrated in Sweden, with key properties located in central Stockholm and Gothenburg. These cities are significant business hubs, providing strategic advantages for attracting high-profile tenants. The company's properties are situated in prime locations, enhancing their appeal to businesses seeking prestigious addresses. Hufvudstaden's geographic focus allows it to maintain a strong market presence and leverage the economic growth of these urban centers.

Risks

Hufvudstaden faces several business risks, including economic fluctuations that can impact rental demand and property valuations. The company is also exposed to financing and interest rate risks due to its reliance on external funding. Additionally, changes in consumer behavior and retail market dynamics pose challenges to its retail property segment. Regulatory changes and environmental considerations are also significant risks, requiring ongoing adaptation and compliance.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Economic Fluctuations1Interest Rate Changes2Retail Market Dynamics3
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. Economic FluctuationsImpact: HighLikelihood: High

    Can reduce rental demand and property values

  2. Interest Rate ChangesImpact: MediumLikelihood: Medium

    Affect financing costs and profitability

  3. Retail Market DynamicsImpact: MediumLikelihood: Low

    Shift in consumer behavior impacts retail spaces

  4. Regulatory ChangesImpact: Medium

    Require compliance and potential operational adjustments

Accounting

Judgemental items
Property Valuation

Impacts reported earnings and asset values

Impact: high

Revenue Recognition

Affects timing of income reporting

Impact: medium

Lease Accounting

Influences financial ratios and balance sheet

Impact: medium

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Hufvudstaden (HUFV-A) Revenue, Earnings & Financials 2025 – Clarifo