Erik Lennhammar - Citycon Oyj Executive

Executive

Mr. Erik Lennhammar was appointed Chief Development Officer, Member of the Corporationrationrate Management Committee at Citycon Oyj effective as of May 2019. He has a BS degree in engineering from KHT Royal Institute of Technology, Stockholm Sweden. Mr. Lennhammar has property development experience in the Nordic region from various companies. He joins Citycon from the position of Senior Portfolio Manager of Nuveen Real Estate, where he was responsible for the asset management in the Nordic region. He also worked at Steen och Strom Sverige AB in various positions of which latest Development Director, 20062014 and at NCC Construction in various positions of which latest Business Manager, 19982006. since 2019.
Age 49
Tenure 5 years
Phone358 2076 64400
Webhttps://www.citycon.com

Citycon Oyj Management Efficiency

The company has return on total asset (ROA) of 0.0193 % which means that it generated a profit of $0.0193 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0522 %, meaning that it generated $0.0522 on every $100 dollars invested by stockholders. Citycon Oyj's management efficiency ratios could be used to measure how well Citycon Oyj manages its routine affairs as well as how well it operates its assets and liabilities.
Citycon Oyj has accumulated 1.84 B in total debt with debt to equity ratio (D/E) of 105.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Citycon Oyj has a current ratio of 0.23, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Citycon Oyj until it has trouble settling it off, either with new capital or with free cash flow. So, Citycon Oyj's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Citycon Oyj sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Citycon to invest in growth at high rates of return. When we think about Citycon Oyj's use of debt, we should always consider it together with cash and equity.

Similar Executives

Found 2 records

EXECUTIVE Age

SirpaHelena SormunenFortum Oyj
60
John LapvetelainenSampo Oyj A
57
Citycon Oyj, a real estate investment company, owns, develops, and manages urban grocery-anchored shopping centers in Finland, Norway, Sweden, Estonia, and Denmark. Citycon Oyj was founded in 1988 and is based in Espoo, Finland. Citycon Oyj operates under Real Estate Services classification in Finland and is traded on Helsinki Exchange. It employs 254 people. Citycon Oyj (CTY1S) is traded on Helsinki Exchange in Finland and employs 245 people.

Management Performance

Citycon Oyj Leadership Team

Elected by the shareholders, the Citycon Oyj's board of directors comprises two types of representatives: Citycon Oyj inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Citycon. The board's role is to monitor Citycon Oyj's management team and ensure that shareholders' interests are well served. Citycon Oyj's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Citycon Oyj's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kirsi SimolaLaaksonen, Chief Officer
Bret McLeod, Chief Officer
Carl Angmo, Head Investment
Henrica Ginstrm, Chief Officer
Peter Dimulkas, VP Marketing
Erik Lennhammar, Chief Development Officer, Member of the Corporate Management Committee
Scott BSc, CEO Chairman
Laura Jauhiainen, VP Relations
Valtteri Piri, Legal Specialist

Citycon Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Citycon Oyj a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Citycon Stock

Citycon Oyj financial ratios help investors to determine whether Citycon Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Citycon with respect to the benefits of owning Citycon Oyj security.