KLARA-BNasdaq StockholmReal EstateIFRS · SEK

KlaraBo Sverige

KlaraBo Sverige AB acquires, develops, refurbishes and manages residential properties in Sweden through a long-term ownership model. Its portfolio is concentrated in Swedish growth regions, with local property clusters that combine rental housing, property improvement and selective new construction.

Revenue708m SEK
+14.3 %y/y
Operating profit (EBIT)352m SEK
+23.2 %y/y
EBIT margin49.8%
+3.6 ppy/y

Fiscal year 2025 · change from previous year

Development 2020–2025

0200400600800m SEK2020: 177 m SEK2020: EBIT 73 m SEK20202021: 338 m SEK2021: EBIT 145 m SEK20212022: 491 m SEK2022: EBIT 232 m SEK20222023: 577 m SEK2023: EBIT 286 m SEK20232024: 619 m SEK2024: EBIT 286 m SEK20242025: 708 m SEK2025: EBIT 352 m SEK2025708352
RevenueOperating profit (EBIT)

Business

Share of revenue
Residential property ownership45 %

Long-term ownership of apartment buildings and rental housing in Swedish growth regions.

Property management25 %

Day-to-day management of owned residential properties, tenants and local operations.

Refurbishment and improvements20 %

Planned refurbishments, upgrades and energy-efficiency improvements to existing buildings.

New construction and project development10 %

Selective development of new residential properties when commercially feasible.

Customers

KlaraBo’s direct customers are residential tenants who rent apartments in its owned properties, with demand centered on households seeking stable, well-managed housing. The company also serves municipalities and local communities indirectly through neighborhood development, while investors are an important stakeholder group because the business model is built around long-term property value creation.

Residential tenants

Households renting apartments in KlaraBo's owned residential properties; they buy housing, service and local responsiveness.

Growth-region households

Tenants in Swedish growth regions who need housing near jobs, schools and transport.

Community stakeholders

Local residents and associations that benefit from safer, better-maintained neighborhoods and partnerships.

Capital providers and shareholders

Investors who back the portfolio strategy and expect long-term value growth from property operations.

Strategy

KlaraBo’s strategy is to build value through acquisitions, refurbishment, selective new construction and active property management in chosen Swedish locations. The company emphasizes clustered ownership, energy-efficiency improvements and local operating control to support long-term rental income and portfolio value.

Cluster the portfolio in growth regionsMedium term

Concentrated ownership improves management efficiency and supports local market knowledge.

Refurbish and improve existing propertiesShort term

Upgrades raise housing standards, support rent differentiation and improve asset quality.

Selective new constructionMedium term

New projects complement the portfolio when demand and economics support development.

Sustainability and energy transitionLong term

Lower energy use and renewable energy reduce operating risk and support long-term value.

Geography

KlaraBo operates in Sweden, with a focus on growth regions where population trends and labor markets support rental demand. Its largest clusters are in Trelleborg, Helsingborg, Visby and Östersund, and the company manages properties through local presence rather than a broad international footprint.

Risks

KlaraBo is exposed to property-market, financing and project-execution risks that are typical for residential real estate owners. Its reported risks also include liquidity and refinancing dependence, uncertainty around ongoing projects, and valuation sensitivity because investment properties are measured at fair value.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Interest-rate risk1Financing and refinancing dependence2Liquidity risk3Ongoing project execution risk4Property valuation risk5
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. Interest-rate riskImpact: HighLikelihood: High

    Variable-rate borrowing creates sensitivity to market rates, even when hedged with swaps.

    Exposure: Debt portfolio and cash flow stability

  2. Financing and refinancing dependenceImpact: HighLikelihood: Medium

    The portfolio is financed primarily with bank borrowings, so access to credit affects operations and projects.

    ExposureProperty acquisitionsOngoing projectsDebt maturities
  3. Liquidity riskImpact: HighLikelihood: Medium

    The company needs liquidity to fund operations, interest payments and project spending.

    Exposure: Short-term cash management and covenant/funding flexibility

  4. Ongoing project execution riskImpact: MediumLikelihood: High

    Project size, timing, costs and future rental values are based on estimates that can change.

    Exposure: Refurbishments and new construction

  5. Property valuation riskImpact: MediumLikelihood: High

    Investment properties are carried at fair value, so market assumptions can move reported asset values.

    Exposure: Investment property portfolio

Accounting

Judgemental items
Fair value of investment properties

Reported asset values depend on valuation assumptions and market yields.

Impact: Can materially affect equity, deferred tax and valuation gains/losses

Project development accounting

Under-construction properties use estimates of completion, costs and future rental value.

Impact: Affects timing of value recognition and reported earnings

Interest-rate derivatives

Swaps are used to manage variable-rate debt exposure and influence fixed-rate term.

Impact: Affects finance costs and volatility in comprehensive income

Deferred tax on property revaluations

Tax liabilities move with fair value changes and property transactions.

Impact: Affects net assets and tax expense

IFRS 16 lease liabilities

Lease obligations are recognized on the balance sheet for site leases and similar contracts.

Impact: Affects reported debt and leverage metrics

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

KlaraBo Sverige (KLARA-B) Revenue, Earnings & Financials 2025 – Clarifo