Statement by CEO
A record result!”We are proud to present Klövern’s best result ever. This result,
exceeding SEK 1.2 billion, is based on fantastic letting work and a
buoyant economy. Our target for the year was net moving in of SEK 25
million. In fact, we achieved SEK 36 million. Our result shows that
local presence and high level of commitment from staff paid off.
The positive changes in the property values is mainly due to
successful improvement projects leading to increased occupancy rate
but also to a general rise in property prices resulting from
increased rental levels and reduced required yields.
We now have 99 per cent of the rental income at our ten prioritised
locations. With a strong organisation and a good customer base, we
are better equipped for 2008 than ever. We see a continued great
potential in remaining vacancies and building rights”, says Klövern’s
CEO, Gustaf Hermelin.
Nyköping, 5 February 2008
Klövern AB (publ)
For further information, please contact:
Gustaf Hermelin, CEO, tel +46 155-44 33 10, +46 70-560 00 00,
Caesar Åfors, CFO and vice-CEO , tel +46 155-44 33 02, +46 70-662 48
Britt-Marie Einar, Finance and Information Manager, tel +46 155-44 33
12, +46 70-224 29 35,
Klövern is a real estate company that with commitment shall be close
to the customer and meet the customer’s needs of premises and
services in Swedish growth regions. Today Klövern has geographical
units in ten cities/locations: Borås, Karlstad, Kista, Linköping,
Norrköping, Nyköping, Täby, Uppsala, Västerås och Örebro. As at 31
December 2007, the value of the properties is approximately SEK 12.2
billion and the rental income on an annual basis is around SEK 1,309
million. The Klövern share is listed on the OMX Nordic Exchange in
Stockholm for medium-sized companies.
Klövern AB (publ), Box 1024, SE- 611 29 Nyköping; Sweden * Tel +46
155-44 33 00, Fax +46 155-44 33 22.
Company registration no. 556482-5833 * Registered office: Nyköping *