Interim report January-September 2009
2009-10-22
Statement by the CEO
Stable operations with positive signals
“Sweden and the world has experienced one year of financial crisis by now. The situation has gradually improved though, especially after the summer. Klövern’s day-to-day activities rest on stable foundations with profit from property management and a cash flow that is better than ever. During the spring, parts of SonyEricsson in Kista were vacated and we lost one percentage point in the economic occupancy rate. During the beginning of the autumn, we have noticed a clear increase in demand at our locations. Rental levels remain stable and we are optimistic regarding the future.
Ericsson has decided to concentrate its operations in Kista, which is positive for the area in general and for us as property owners in particular. This decision, together with the completion of the exhibition and events centre Kistamässan and first sod being cut for the Victoria Tower hotel, confirms Kista’s position as one of Europe’s leading ICT areas”, says Klövern’s CEO Gustaf Hermelin.
Ericsson has decided to concentrate its operations in Kista, which is positive for the area in general and for us as property owners in particular. This decision, together with the completion of the exhibition and events centre Kistamässan and first sod being cut for the Victoria Tower hotel, confirms Kista’s position as one of Europe’s leading ICT areas”, says Klövern’s CEO Gustaf Hermelin.
Nyköping 22 October 2009
Klövern AB (publ)
For further information, please contact:
Gustaf Hermelin, CEO, tel +46 155-44 33 10, +46 70-560 00 00, gustaf.hermelin@klovern.se
Caesar Åfors, CFO and vice President, tel +46 155-44 33 02, +46 70-662 48 48, caesar.afors@klovern.se
Britt-Marie Einar, Finance and Information Manager, tel +46 155-44 33 12, +46 70-224 29 35,
britt-marie.einar@klovern.se
Klövern is a real estate company committed to working closely with customers to meet their needs of premises and services in Swedish growth regions. Klövern has business units in ten cities: Borås, Karlstad, Kista, Linköping, Norrköping, Nyköping, Täby, Uppsala, Västerås and Örebro. As at 30 September 2009, the value of the properties totalled approximately SEK 12 billion and the rental value on an annual basis was SEK 1.4 billion. The Klövern share is listed on Nasdaq OMX Nordic Exchange in Stockholm, medium-sized companies.
Klövern AB (publ), Box 1024, SE-611 29 Nyköping, Sweden. Tel +46 155-44 33 00, Fax +46 155-44 33 22.
Corporate registration no. 556482-5833. Registered office: Nyköping. Website: kelly.corem.se.