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Highlights 2023
Operating income
- Total operating income amounted to NOK 13,625 (12,184) million.
Result for the year
- Profit before income tax was NOK - 4,359 million (4,300 million).
- Fair value adjustments of investment property and financial instruments
amounted to NOK -8,337 (364) million. - Profit before income tax, fair value adjustments/depreciation and currency
result amounted to NOK 4,332 (3,918) million.
Financial position
- The Group’s equity at year end amounted to NOK 64,500 (67,758) million
and its equity ratio was 56% (57%). - The Group’s loan-to-value ratio was 27% (27%).
- Total liquidity reserves were NOK 10,731 (10,382) million.
Property portfolio
- The rental income level in the property portfolio at the end of 2023 was
NOK 6,900 (6,140) million and the vacancy rate was 4.4% (4.4%).
Shopping Centre Retail Sales
- Retail sales in the shopping centre portfolio owned by the Group amounted
to NOK 79.6 (74.6) billion. At year end, the Group owned 71 shopping
centres and managed 17 for other owners.
Thon Hotels
- At year end, Thon Hotels had 14,057 (13,386) rooms in 94 (89) hotels in
Norway and abroad.