* Income amounted to SEK 306 million (317)
* Profit from property management amounted to SEK 91 million (118),
corresponding to SEK 0.57 per share (0.73)
* Net profit for the period amounted to SEK 26 million (-44), corresponding to
SEK 0.16 per share (-0.27)
* Equity amounted to SEK 4,138 million (4,112), corresponding to SEK 25.7 per
share (25.6)
* Property value totalled SEK 12,014 million (12,032), corresponding to SEK
74.7 per share (74.8).
Statement by the CEO
After the winter comes the spring ...
"Klövern is reporting stable rental income for the first quarter of 2010, which
is a strong result, bearing in mind the still weak state of the economy.
Customer losses have to date been lower than for the corresponding period last
year. The payment capacity of tenants remains good. Delayed rent payments are
not greater today than they were before the financial crisis.
Klövern has succeeded in entering into a number of large new lease contracts
during the first quarter of 2010. Among the larger leases is a fifteen-year
lease with the Municipality of Norrköping's cinema Cnema at the property
Kopparhammaren 7 in Norrköping Science Park. It feels fantastic to participate
in raising the former industrial landscape in Norrköping to a new dimension.
Property costs for the first quarter were unusually high since for once there
was a real winter in Central Sweden. Committed work with snow and ice clearance
on and around the properties, high electricity prices and the fact that we have
a lot of square metres in relation to the property value contributed to property
costs being SEK 20 million higher than in a normal year", says Klövern's CEO
Gustaf Hermelin.
Nyköping, 20 April 2010
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 31 March 2010, 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.
[HUG#1405378]
