Klövern’s net profit has increased by 80 per cent
2006-02-08
“The substantial increase in profit is due to a number of factors including a larger property portfolio, reduced direct yield requirement and thereby increased property values, lower interest rates and not least intensive letting efforts by our staff”, says Klövern’s CEO Gustaf Hermelin.
The property portfolio has increased from SEK 4.2 to SEK 6.0 billion during the year, despite sales of almost SEK 560 million. The average interest rate has fallen from 5.1 to 3.5 per cent, among other ways, by a shortening of the period of fixed interest.
“During 2006, we are going to intensify the work of reducing vacancies in our existing portfolio. Vacancies are our most important potential for profit”, says Klövern’s CEO Gustaf Hermelin.
Nyköping, 8 February 2006
Klövern AB (publ)
For further information, please contact:
Gustaf Hermelin, CEO, tel +46-(0)155-44 33 10, +46-(0)70-560 00 00, gustaf.hermelin@klovern.se
Anders Lundquist, CFO, tel +46-(0)155-44 33 20, +46-(0)70-528 43 33, anders.lundquist@klovern.se
Britt-Marie Einar, Corporate Communications Officer, tel +46-(0)155-44 33 12,
+46-(0)70-224 29 35, britt-marie.einar@klovern.se