Klövern AB (publ) : Interim Report January – June 2013


Income increased by 20 per cent to SEK 1,081 million (900).

The operating surplus increased by 17 per cent to SEK 670 million (575).

Profit from property management increased by 21 per cent to SEK 305 million (252).

Changes in value of properties amounted to SEK -114 million (165), of derivatives to SEK 317 million (-3) and of financial assets to SEK 71 million (-).

Net profit for the period amounted to SEK 440 million (305), corresponding to SEK 2.09 (1.54) per common share and SEK 5.00 (4.89) per preference share.

Acquisition of 27.6 per cent of the real estate company Tribona AB (publ). Tribona is reported as an associated company from 7 June.

Took possession of seven properties for SEK 248 million and sale of five properties for SEK 168 million.

Issue of a covered bond of SEK 700 million and a non-covered bond of SEK 500 million.

Acquisition of interest rate swaps of SEK 800 million.

Statement by the CEO

Focus on letting
“The state of the economy continues to present a challenge to many businesses. During the second quarter of the year, Klövern has continued to focus on letting and consolidation. We have also reinforced our ownership of Tribona and concentrated the property portfolio.

During the quarter, a further 9.3 per cent of the shares of Tribona were acquired, resulting in our owning 27.6 per cent of the company. Because of this, we will in future report the holding as an associated company. We take a positive view of Tribona’s development and the type of logistics that the company is engaged in. Klövern now also has a seat on the board of the company.

Our aim is to continue to concentrate our portfolio, which has led us to sell five properties that do not fit into our portfolio so well. We have reinforced our presence in the Gothenburg region by acquiring Lindex’s central warehouse and sales office at Partille. Other examples of acquisitions are an office property in the expansive area of Hyllie in Malmö and three modern logistics properties at Jordbro Business Park in the Stockholm region, all latter let on long leases to Systembolaget and Lagena.

It has once again then been a quarter of concentration and consolidation. One more quarter when we have developed our profit, capital and business.”

Nyköping,11 July 2013

Klövern AB (publ)

For further information, please contact:
Rutger Arnhult, CEO, +46 70-458 24 70, rutger.arnhult@klovern.se
Britt-Marie Nyman, Finance and IR Manager, Deputy CEO, +46 155-44 33 12/+46 70-224 29 35, britt-marie.nyman@klovern.se

Klövern is a real estate company committed to working closely with customers to offer them efficient premises in selected growth regions. As at 31 March 2013, the value of the properties totalled approximately SEK 22.7 billion and the rental income on an annual basis was around SEK 2.5 billion. The Klövern share is listed on Nasdaq OMX Stockholm Mid Cap.

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, info@klovern.se

This information is such that Klövern AB (publ) is obliged to disclose under the Securities Market Act and/or the Financial Instruments Trading Act. The information was made available for publication on 11 juli 2013.

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