Klövern: Interim Report January – March 2004

 

For the period, profit after taxes amounted to SEKm 27 (13) *1). Gains from sales of properties account for SEKm 4 (3) of the profit. The operating surplus was SEKm 61 (36). Net financial items were SEKm – 31 (-23).

 

The cash flow amounted to SEKm 8 (24). The equity ratio at the end of the period was 33.0 (27.0) percent, equivalent to 34.3 percent (28.5) after dilution. Shareholders’ equity was SEKm 1,191 (908) as of March 31, 2004, liquid funds were SEKm 219 (211) and interest-bearing liabilities at the same point in time was SEKm 2,257 (2,316).

 

Rental revenues amounted to SEKm 105 (65) for the period and property costs amounted to SEKm 44 (29), making the operating surplus SEKm 61 (36).

 

Two properties where sold for a total of SEKm 28 (39) during the period, resulting in capital gains of SEKm 4 (3).

 

 

 

Reports are available at Klövern’s website, kelly.corem.se, where visitors may also subscribe to interim reports and press releases.

 

This interim report has not been subject to examination by the Company’s auditors.

 

Nyköping, May 5, 2004

Klövern AB (publ)

 

Gustaf Hermelin

President & CEO

 

 *1) Values in parentheses are comparative data, which for profit data refer to the period January – March 2003 and for balance sheet data and financing to December 31, 2003.