Lund, Sweden, 2015-01-29 08:00 CET (GLOBE NEWSWIRE) --
Today Tribona releases its financial results for Q4 and full year results 2014.
Highlights 2014:
Fourth quarter 2014
- Rental income of SEK 99.5m (103,0)
- Net rental income of SEK 78.7m (85,7)
- Cash flow from operations of SEK -11,5m (26,0)
-
Change in fair value properties of
SEK -119,0m (-3,0) - Unrealised fair value interest derivatives of SEK -63,6m (-2,8)
- Earnings per share of SEK-3,2 (0,2)
- Acquired three logistics properties with a total lettable area of approximately 35 000 sq.m.
- Sold the property Saltängen 1 in Västerås for SEK 1.075m
- Signed a new lease agreement in Kornmarksvej 1, Copenhagen of approximately 15 000 sq.m.
January-December 2014
- Rental income of SEK 424,7m (467,9)
- Net rental income of SEK 353,4m (409,7)
- Cash flow from operations of SEK 86,2m (169,1)
-
Change in fair value properties of
SEK -325,6 mkr (-85,9) - Unrealised fair value interest derivatives of SEK -251,5m (66,2)
- Earnings per share of SEK -9,3 (2,4)
- Gross loan to value of 57,1% (63,4), net loan to value of 52,5% (58,5)
- The share issue in May was fully subscribed and gave approximately SEK 292m before deduction of transaction costs
- Acquired eight logistics properties with a total lettable area of approximately 77 000 sq.m. and a value of SEK 581m, and sold Saltängen 1, Västerås
- Conducted three larger lettings: two in Kornmarksvej 1, Copenhagen of approximately 45 500 sq.m. and extension in Växjö with approximately 20 000 sq.m.
Highlights after end of period
- Refinanced 85 % of the loan portfolio ahead of schedule
- Access to the property Tankbilen 9 in Trelleborg
- The Board has proposed a dividend of SEK 0,50 per share
CEO Per Johansson says in a comment:
“It was a great ending of the year 2014. The last quarter contained acquisitions, an important letting and a significant sale. In the end of the year, we could also lay the basis for a refinancing of large parts of our loan portfolio ahead of schedule, which has been completed during January 2015. The new year will involve continued work with our objectives and new challenges.”
Material
Year-End Report and presentation will be available on investors.tribona.se before the presentation.
Presentation
Tribona AB releases its financial results for Q4 and full year results 2014 today, 29 January 2015. In connection with this, the Company will hold a presentation via audiocast 08:30 CET on the Company’s website, investors.tribona.se
Per Johansson, CEO and Tommy Åstrand, CFO will represent the Company.
To ask questions during the presentation, call one of the following numbers, depending on which country you are in.
Sweden +46 (0)8 5055 6474
UK +44 2033 645 373
Norway +47 23 500 210
USA +18 557 532 230
The presentation will be held in Swedish.
Per Johansson, CEO: +46 708 17 1363, e-mail: per.johansson@tribona.se
Tommy Åstrand, CFO: +46 705 45 5997, e-mail: tommy.astrand@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 29 January 2015, 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, 28 in Sweden and one in Denmark, with a total lettable area of about 683 000 square meters. For more information, please visit www.tribona.se
