Lund, Sweden, 2015-04-22 11:00 CEST (GLOBE NEWSWIRE) --
Today Tribona releases its financial results for January-March 2015.
HIGHLIGHTS JANUARY-MARCH 2015
» Rental income of SEK 99.2m (107,3)
» Net rental income of SEK 76.8m (90.1)
» Cash flow from operations of SEK 34.2m (24.6)
» Unrealised change in fair value properties of SEK -2.9m (-145.9)
» Unrealised fair value interest derivatives of SEK -29.8m (-68.9)
» Earnings per share of SEK 0.0 (-3.9)
» Acquired and accessed a logistics property at Ättekulla in Helsingborg with a property value of SEK 22m
» Extended lease agreement with Netto in Linköping regarding 15 944 sq.m. with three years to 31 December 2019.
» Refinanced 85 % of the loan portfolio ahead of schedule
HIGHLIGHTS AFTER END OF PERIOD
» Tribona has signed a new ten year lease agreement regarding 5 095 sq.m. in the property Mätaren 6 in Umeå
» Agreed to acquire seven logistics properties in Malmö with a property value of approximately SEK 257m and a total lettable area of approximately 20 000 sq.m.
CEO Per Johansson says in a comment:
“As a result of our refinancing of 85% of the loan portfolio ahead of time in January, we have strengthen our financial position. Our low loan to value of 57% together with a lower average margin has improved our net financial items significantly. We have also received a much more even maturity of debt”
Material
Interim Report and presentation will be available on investors.tribona.se before the presentation.
Presentation
Tribona AB releases its financial results for January-March today, 22 April 2015. In connection with this, the Company will hold a presentation via audiocast 11:30 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)8 505 564 74
Norway: +47 235 002 10
UK: +44 203 364 5374
USA: +1 855 753 2230
The presentation will be held in Swedish.
For further information
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 22 April 2015, 11:00 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, 29 in Sweden and one in Denmark, with a total lettable area of about 688 000 square meters. For more information, please visit www.tribona.se
