* Income increased to SEK 939 million (906)
* Profit from property management increased by 41 per cent to SEK 389
million (275), corresponding to SEK 2.42 per share (1.68)
* Net profit amounted to SEK 179 million (-96), corresponding to SEK
1.12 per share (-0.59)
* The forecast profit from property management is being increased.
According to the new forecast, profit from property management for
2009 is expected to amount to at least SEK 490 million (355), which
would be equivalent to SEK 3.05 per share (2.17). According to the
previous forecast, the profit would amount to at least SEK 440
million.
Statement by the CEO
Stable operations with positive signals
"Sweden and the world has experienced one year of financial crisis
by now. The situation has gradually improved though, especially
after the summer. Klövern's day-to-day activities rest on stable
foundations with profit from property management and a cash flow
that is better than ever. During the spring, parts of SonyEricsson
in Kista were vacated and we lost one percentage point in the
economic occupancy rate. During the beginning of the autumn, we
have noticed a clear increase in demand at our locations. Rental
levels remain stable and we are optimistic regarding the future.
Ericsson has decided to concentrate its operations in Kista, which
is positive for the area in general and for us as property owners
in particular. This decision, together with the completion of the
exhibition and events centre Kistamässan and first sod being cut
for the Victoria Tower hotel, confirms Kista's position as one of
Europe's leading ICT areas", says Klövern's CEO Gustaf Hermelin.
Nyköping 22 October 2009
Klövern AB (publ)
For further information, please contact:
Gustaf Hermelin, CEO, tel +46 155-44 33 10, +46 70-560 00 00,
gustaf.hermelin@klovern.se
Caesar Åfors, CFO and vice President, tel +46 155-44 33 02, +46
70-662 48 48, caesar.afors@klovern.se
Britt-Marie Einar, Finance and Information Manager, tel +46 155-44
33 12, +46 70-224 29 35,
britt-marie.einar@klovern.se
Klövern is a real estate company committed to working closely with
customers to meet their needs of premises and services in Swedish
growth regions. Klövern has business units in ten cities: Borås,
Karlstad, Kista, Linköping, Norrköping, Nyköping, Täby, Uppsala,
Västerås and Örebro. As at 30 September 2009, the value of the
properties totalled approximately SEK 12 billion and the rental
value on an annual basis was SEK 1.4 billion. The Klövern share is
listed on Nasdaq OMX Nordic Exchange in Stockholm, 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.
Corporate registration no. 556482-5833. Registered office:
Nyköping. Website: www.klovern.se.
