STOCKHOLM, Sweden, Aug. 18, 2003 (PRIMEZONE) -- Tornet produced the stock exchange's best annual report, according to the journal Aktiespararen, after a comparison of the annual reports of listed companies from the shareholder point of view.
Tornet won hands down. Tornet's 2002 annual report was awarded 47 points out a possible total of 48. The nearest competitor had 43 points. It wasn't the first time that Tornet won. However, last time, in 1999, first place was shared with Medivir. Besides the two first places, Tornet has come second twice and third twice since listing.
Tornet' s managing director Sverker Lerheden is pleased about this success and the good reception that the annual report has had:
"It's the linchpin in our communication with shareholders and the market and is also an important tool for work within the company. We feel that we have a good message to communicate."
Tornet's annual report is a big production. The most recent report consisted of 132 pages including the cover. Aktiespararen considers the figures, text and graphics to be very well planned. Practically all the text and figures are produced internally while Solberg Kommunikation are responsible for layout and graphics.
"It requires teamwork, otherwise it wouldn't be possible," said information and IR manager Britt-Marie Einar.
At Tornet, six people at the information and accounting departments are involved in work with the annual report besides the managing director and the director of finance and chief financial officer. Tornet's annual report costs approximately SEK 3.5 million to produce. The print run is 10 000 Swedish copies and 1 000 English.
For further information, please contact: Sverker Lerheden, Managing Director, Fastighets AB Tornet, +46-8-544 90500 Britt-Marie Einar, IR Manager, Fastighets AB Tornet, +46-8-544 905 08, +46-70-576 92 08
Fastighets AB Tornet is one of Sweden's major listed property companies. Its Swedish holding has a lettable area of around 2.8 million square metres and a book value of approximately SEK 19 billion. Almost 97 per cent of the property holdings, measured as book value, are in Sweden and mainly concentrated in Sweden's six largest cities and in Norrkoping and Karlstad. The properties are owned and managed by the subsidiaries ArosTornet, Malmstaden, MalarTornet, SkansTornet and Euro Tower.
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