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Klövern AB (publ) : Klövern Year-end Report 2012


February 13, 2013 - London

2012

  • Income increased by 43 per cent to SEK 1,948 million (1,364) during 2012
  • The operating surplus increased by 42 per cent to SEK 1,215 million (857)
  • Profit from property management increased by 20 per cent to SEK 524 million (428)
  • Changes in value of properties amounted to SEK -33 million (435), of derivatives to SEK -175 million (-225) and of financial assets to SEK 10 million (-)
  • Net profit for the year amounted to SEK 339 million (465), corresponding to SEK 1.24 (2.89) per common share and SEK 7.52 per preference share (-)
  • Equity has increased by SEK 1,956 million to SEK 6,696 million (4,740) during the year
  • Klövern has acquired a total of 137 properties for SEK 7,459 million, of which 124 in conjunction with the acquisition of Dagon, and divested eleven properties for SEK 543 million.
  • Klövern issued four bond loans for a total of SEK 1,825 million during the year.

Fourth quarter

  • Eight properties totalling SEK 817 million have been taken possession of in the fourth quarter and contracts entered into for acquisition of two properties for SEK 25 million
  • Klövern has issued preference shares for approximately SEK 650 million, divested repurchased common and preference shares for approximately SEK 120 million and divested Diös shares for a total of approximately SEK 21 million
  • During the fourth quarter, Klövern has issued SEK 650 million and SEK 175 million respectively in two unsecured bonds.

Events after the end of the year

  • Two properties totalling SEK 37 million have been divested and two properties totalling SEK 25 million have been taken possession of
  • Klövern has concluded a ten-year contract to let 10,700 sq.m. with CGI (formerly Logica) in Kista
  • Klövern has signed a three-year extension of a lease of 7,700 sq.m. with Eniro in the property Hilton 3 in Solna. The lease runs until December 31, 2017
  • The Board is proposing to the AGM a dividend of SEK 1.50 per common share (1.25) and a dividend of SEK 10.00 per preference share (10.00).

Statement by the CEO

An eventful first year

"2012 was not only my first year as CEO of Klövern, but also an unusually eventful year for the company. It has been a year of growth and geographical expansion. The tempo has been high and acquisitions frequent, which has had an impact on shareholders, financiers, analysts, the media and not least our personnel. During the year, we have made net acquisitions of properties for almost SEK 7 billion.

Klövern will continue to focus on geographic concentration in combination with growth on prioritised locations in 2013. We will continue to make property management more efficient and diversify our client base further. Last year was to a large extent characterized by integration of Dagon and the other acquisitions made. In 2013, we will make an effort to benefit from our acquisitions and increase profitability ", says Klöverns CEO Rutger Arnhult

Nyköping, 13 February 2013

Klövern AB (publ)


For further information, please contact:
Rutger Arnhult, CEO, +46 70 458 24 70, rutger.arnhult@klovern.se, Britt-Marie Nyman, Finance and IR Manager, Deputy CEO, +46 155-44 33 12/+46 70-224 29 35, britt-marie.nyman@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. As at 31 December 2012, the value of the properties totalled approximately SEK 22.6 billion and the rental valve on an annual basis was around SEK 2.5 billion. Klövern's shares are listed on NASDAQ OMX Stockholm Mid Cap.

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. www.klovern.se. info@klovern.se

This information is such that Klövern 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 13 February2013.

Klövern Year-end Report 2012



This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Klövern AB (publ) via Thomson Reuters ONE

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