Lund, Sweden, 2016-01-28 08:00 CET (GLOBE NEWSWIRE) --
TODAY TRIBONA RELEASES ITS FINANCIAL RESULTS FOR Q4 AND FULL YEAR RESULTS 2015
HIGHLIGHTS JANUARY - DECEMBER 2015
» Rental income of SEK 401.6m (424.7)
» Net rental income of SEK 313.6m (353.4)
» Cash flow from operations of SEK 140.8m (86.2)
» Unrealised change in fair value properties of SEK -0.5m (-271.2)
» Unrealised fair value interest derivatives of SEK 51.4m (-251.5)
» Earnings per share of SEK 2.9 (-9.3)
» Acquired eight logistics properties in Helsingborg and Malmö, with a total lettable area of 22 741 sq.m
» Extended lease agreements covering approximately 24 000 sq.m
» Signed two new lease agreements in Burlöv covering 4 150 sq.m. and 3.480 sq.m, and two new lease agreements in the property Mätaren 6 in Umeå covering 6 420 sq.m. in total
» Refinanced 85 % of the loan portfolio ahead of schedule
» The property Bunkagården Mellersta 2 in Helsingborg has become Green Building-certified
HIGHLIGHTS FOURTH QUARTER 2015
» Rental income of SEK 102.4m (99.5)
» Net rental income of SEK 79.4m (78.7)
» Net operating income increased by 36% to SEK 34m (25)
» Cash flow from operations of SEK 35.5m (-11.5)
» Unrealised change in fair value properties of SEK -1.1m (-64.6)
» Unrealised fair value interest derivatives of SEK 37.5m (-63.6)
» Earnings per share of SEK 1.2 (-3.2)
» At the extra general meeting in Tribona AB, it was resolved that the board of directors of Tribona should consist of three directors and no substitutes. The general meeting elected Anette Asklin and Gustaf Hermelin as directors. Anneli Jansson will remain as director. Gustaf Hermelin was elected as chairman of the board.
HIGHLIGHTS AFTER END OF PERIOD
» Catena announced the 18 January that the bid was accepted by so many shareholders that Catena’s holding of Tribona shares represents 91.6 per cent of the total amount of shares and votes in Tribona. Concurrently, Catena announced an extension of the acceptance period until and including 5 February 2016. Furthermore, Catena announced its intention to initiate a compulsory redemption of all the remaining shares in Tribona. In connection therewith, Catena intends to promote a delisting of the Tribona share from Nasdaq Stockholm.
» In January 2016 the lease agreement with PostNord i Haninge covering 32 000 sq.m. was extended by ten years, and an agreement of an expansion of the existing property with 6 000 sq.m. was settled
» Tribonas CEO, Per Johansson, has announced that he the 31 March will leave his position at Tribona
» Tribona has decided to apply to delist its shares from Nasdaq Stockholm. Last date for trading will be decided by Nasdaq Stockholm but is expected to occur two weeks after Nasdaq Stockholm has received a complete application.
» The Board will to the annual general meeting propose that no dividend will paid
No audiocast will be held this quarter.
FOR FURTHER INFORMATION
Per Johansson, CEO: +46 708 17 1363, e-mail: per.johansson@tribona.se
This information is such that Tribona AB (publ) is obliged to disclose under the Securities Market Act and/or the Financial Instruments Trading Act. The information was made available for publication on 28 January 2016, 08:00 CET.
ABOUT TRIBONA
Tribona AB (publ) is one of Sweden's largest listed pure-play logistic property company. The property portfolio consists of modern and strategically located logistic properties, 36 in Sweden and one in Denmark, with a total lettable area of about 708.000 square meters. For more information, please visit www.tribona.se
