Half-year Report January

Half-year Report January - June 2010

 

 

  · The gross profit from property management fell by 2 per cent to SEK
451 million (461). The change can be attributed mainly to a slight
increase in vacancy.
 
  · The profit after tax for the period was SEK 391 million (-502),
equivalent to SEK 1.90 per share (-2.43). The increase can be attributed
to the positive change in the value of the property holdings for the
period to the amount of SEK 185 million (-1,058).
 
  · The equity ratio was 54 per cent, the net loan-to-value ratio was
18.3 per cent and the interest coverage ratio multiple was 7.7.
 
  · The fair value of the property holdings was set at SEK 18.6 billion
(18.1 at the year-end). The increase can be explained by rising rent
levels and a slight fall in the direct yield requirement.
 
  · The net asset value was SEK 62 per share (62 at the year-end).
 
  · The consolidated net revenue amounted to SEK 681 million (682).
 
  · The rental vacancy level at the period-end was 6.6 per cent (6.2 at
the year-end).

 

 

Stockholm, August 25, 2010

 

HUFVUDSTADEN AB (publ)

 

Ivo Stopner
President

 

 

 

Appendix: Half-year Report January - June 2010

 

 

 

  

 

The information in this Interim Report is information that Hufvudstaden
AB (publ) is obliged to publish according to the Securities Market Act
and/or the Financial Instrument Trading Act. The information was
published on August 25, 2010, at 11.50 am.

 

 

 

Questions can be answered by Ivo Stopner, President, or Magnus Jacobson,
Head of Finance, telephone +46 (0)8-762 90 00.
Half-year Report January - June 2010

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