STOCKHOLM, Sweden, Aug. 21, 2003 (PRIMEZONE) -- Nordisk Renting:
- Group profit before profit from sales of property and tax amounted to SEK 154 m (156). Profit after tax totalled SEK 128 m (126). - Profit from the Group's interest-linked lease agreements increased by SEK 19 m over last year, while earnings from non-interest-linked lease agree-ments were down on last year, primarily as a result of property sales in 2002. - Properties were acquired and new investments made to a total of SEK 1,075 m (1,037). In addition, agreements concerning future new investments worth SEK 340 m (222) were entered into. Sales of property for the period amounted to SEK 60 m (563). - The Group's net sales for the period amounted to SEK 749 m (716), and on 30 June the balance sheet total equalled SEK 17,310 m compared with SEK 16,946 m at the beginning of the year. - At the end of the period, the Group managed 203 properties corresponding to a total of 1.9 million square metres, with a book value of SEK 16.8 bn. - At the beginning of May 2003, The Royal Bank of Scotland signed an agreement with Nordea to acquire all shares in Nordisk Renting AB.
For further information, please contact: Reinhold Geijer, President & CEO, Nordisk Renting AB, tel: +46 (0)8 670 98 00
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