Backahill CEO dismisses buybacks as real estate shares slump

Backahill CEO Lennart Mauritzson downplays the stock market's negative reaction to the company's recent record deals and CEO changes, dismissing buybacks as 'works well in an excel sheet'. The real estate portfolio is expanding, but shares have collapsed, indicating investor skepticism. This matters as it signals potential stress in the Swedish real estate sector, which could have broader implications for credit and financial stability.