Klövern: Interim Report January – September 2004

Rental revenues amounted to SEK 339 million (213)

Net profit for the period increased to SEK 125 million (63)

Earnings per share amounted to SEK 1.42 (1.33)

On 2 August, properties for SEK 905 million were taken possession of in Västerås

 

Net profit for the period amounted to SEK 125 million (63). Gains from sales of properties account for SEK 26 million (17) of the profit. The operating surplus was SEK 213 million (129) and net financial items were SEK -94 million (-71).

 

The cash flow amounted to SEK 68 million (167). The equity ratio at the end of the period was 33.9 per cent, in comparison with 28.5 per cent at the beginning of the year. Shareholders’ equity was SEK 1,564 million in comparison with SEK 908 million at the beginning of the year. Liquid funds were SEK 279 million (211) and interest-bearing liabilities were SEK 2,834 million (2,316).

 

Rental revenues amounted to SEK 339 million (213) for the period, property costs amounted to SEK 126 million (84) and operating surplus to SEK 213 million (129).

 

Nine properties were sold for a total of SEK 193 million (159) during the period, with a total gain of SEK 26 million (17).

 

Net profit for the period amounted to SEK 44 million (21). Gains on sales of properties account for SEK 0 million (0) of the profit. The operating surplus was SEK 85 million (52) and net financial items were SEK -34 million (-27). The cash flow amounted to SEK 62 million (127).

 

 

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, November 3, 2004, Klövern AB (publ)

 

Gustaf Hermelin, President & CEO

 

 

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