Year-end report 2007
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, firstname.lastname@example.org
Caesar Åfors, CFO and vice-CEO , tel +46 155-44 33 02, +46 70-662 48 48, email@example.com
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 * Website: kelly.corem.se