Interim Report January–June 2010
7/8/2010 1:30 AM EST
- After-tax profit for the period improved by SEK 370m from SEK 131m to SEK 501m, corresponding to earnings per share of SEK 3.05 (0.80).
- Earnings before tax from Property Management amounted to SEK 492m (279) and from Property Development to SEK 106m (33).
- Transaction profit amounted to SEK 96m (12).
- Profit from Property Management increased to SEK 391m (379), while rental income declined
to SEK 1,025m (1,096) as a result of net sales of properties.
- The equity/assets ratio increased to 34 per cent (32).
“In line with the year’s overall goal, all three of our operating areas are now contributing to the achievement of a significant earnings improvement,” says Christian Hermelin, Fabege’s CEO.
“The rental market continued to display a positive trend and we received more and clearer signals from our customers that the need for floor area is growing,” Christian Hermelin concludes.
Fabege AB (publ)
For further information, please contact:
Christian Hermelin, CEO, phone +46 (0)8-555 148 25, +46 (0)733-87 18 25
Åsa Bergström, Deputy CEO and CFO, phone +46 (0)8-555 148 29, +46 (0)706-66 13 80
Annette Kaunitz, Head of Corporate Communications, phone +46 (0)8-555 148 20, +46 (0)708-39 03 37
This constitutes information that Fabege AB (publ) may be legally obliged to disclose under the Securities Market Act and/or the Financial Instruments Trading Act. The information was released for publication at 07:30 am CET on 8 June 2010.
Fabege AB (publ) is one of Sweden’s leading property companies focusing on commercial premises. The carrying amount of the company’s property portfolio is approximately SEK 27.8bn. The portfolio is concentrated to the Stockholm region and has an annualised rental value of SEK 2.2bn and a lettable area of 1.3m sqm. Fabege’s shares are listed on Nasdaq OMX Stockholm, Large Cap segment.