Klövern: Interim Report, January – June 2005

Rental revenues amounted to SEK 302 million (212)

Net profit for the period increased to SEK 164 million (84)

Earnings per share increased to SEK 1.47 (1.08) 

Klövern’s expansion is continuing – properties were acquired during the period for SEK 1,406 million (342)

Net profit for the period was SEK 164 million (84). The result includes realised changes in value from property sales of SEK 10 million (20) and unrealised changes in the value of properties of SEK 69 million (9). Net financial items amounted to SEK -75 million (-60).

 

The cash flow amounted to SEK 54 million (-12). The equity ratio at the end of the period was 34.8 per cent, in comparison with 36.9 per cent at the beginning of the year. Shareholders’ equity was SEK 2,049 million, in comparison with SEK 1,701 million at the beginning of the year. Liquid funds were SEK 164 million (110) and interest-bearing liabilities were SEK 3,545 million (2,703).

 

Rental revenues amounted to SEK 302 million (212) during the period, property costs were SEK 117 million (84) and the operating surplus amounted to SEK 185 million (128).

 

Net profit for the second quarter was SEK 122 million (55). The result includes realised changes in value from property sales of SEK 5 million (18) and unrealised changes in the value of properties of SEK 69 million (5). The operating surplus was SEK 103 million (68), net financial items SEK -40 million (-29) and the cash flow was SEK -45 million (-32).

 

Klövern is a real-estate company that acquires, develops and sells high-yielding properties in large and medium-sized towns outside major city regions.

 

The rental levels in Klövern’s markets have generally remained unchanged during the first half of the year. There has been some increase in the number of letting enquiries, in particular in retail and education. New lettings, during the second quarter, mainly small companies in the commercial and services sector, account for approximately SEK 5 million.

 

Interim report January-September 2005             Wednesday, 2 November

Annual Accounts Bulletin for 2005                    Wednesday, 8 February 2006

 

 

 

 

 

 

 

The full report including tables can be downloaded from the following link: