The Nordicom Group's pre-tax results for the period from 1 January through 30
September 2007 comprise DKK 197.4 million, as against DKK 308.2 million during
the same period the previous year. The downturn in the results accords with
expectations, and is due to lower unrealised revaluation adjustments on
properties than in 2006.
The results for the first three quarters give occasion to maintain the
previously announced expectations for the entire year of 2007 at a pre-tax
result on a level of DKK 300 million.
The portfolio of properties during the period increased by DKK 730 million and
comprises in total DKK 3.6 billion. With this, a significant step has been
taken towards achieving Nordicom's goal of having a portfolio of DKK 5-6
billion at the end of 2008.
The revenues from rent, which comprise DKK 140.3 million, have in relation to
the same period in 2006 increased by DKK 33.5 million, corresponding to an
improvement of 31.4 %.
For the 2008 fiscal year, Nordicom expects pre-tax results of around DKK 300
million, which is on the same level as the expected result for 2007.
