Klövern: Interim Report January – September 2004

2004-11-03

  • 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
  •  
    Profit
    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).
     
    Cash flow and financial position
    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).
     
    Revenue and property costs
    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).
     
    Property sales
    Nine properties were sold for a total of SEK 193 million (159) during the period, with a total gain of SEK 26 million (17).
     
    Third quarter of 2004
    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).
     
    Calendar 2004-2005
    Year-end Report 2004   February 9, 2005
     
    Reports are available at Klövern’s website, www.staging-wwwklovernse.wp4.triggerfish.cloud, 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: