· Gross profit from property management increased by 9 per cent and amounted to SEK 288 million (264), which can be attributed mainly to the result of a property acquisition in Gothenburg during 2013. · Profit after tax for the period was SEK 194 million (266), equivalent to SEK 0.94 per share (1.29). The decrease is due to a negative change in the value of interest derivatives compared with the positive change the previous year. · The fair value of the property holdings was set at SEK 26.0 billion (25.9 at the turn of the year), which gives a net asset value of SEK 90 per share (92 at the turn of the year), following payment of a dividend of SEK 2.75 per share. · The equity ratio was 56 per cent (54), the net loan-to-value ratio was 21 per cent (22) and the interest coverage ratio multiple was 8.7 (7.8). · Consolidated net revenue amounted to SEK 414 million (390), an increase of 6 per cent. · The rental vacancy level at the period-end was 5.4 per cent (5.0). Stockholm, May 20, 2014 HUFVUDSTADEN AB (publ) Ivo Stopner President Appendix: Interim Report January – March 2014 The information in this Interim Report is information that Hufvudstaden AB (publ) is obliged to publish according to the Securities Market Act and/or the Financial Instrument Trading Act. The information was published on May 20, 2014. Questions can be answered by Ivo Stopner, President, or Magnus Jacobson, Head of Finance, telephone +46 (0)8-762 90 00.
Interim Report January – March 2014
| Source: Hufvudstaden AB