* Income amounted to SEK 1,220 million (1,207)
* Income from property management amounted to SEK 355 million (386),
equivalent to SEK 2.17 per share (2.32)
* Net profit amounted to SEK -476 million (1,226), corresponding to
SEK -2.92 per share (7.36)
* The Board of Directors is recommending a dividend of SEK 1.00 per
share (1.50)
* The forecast for 2009 is that income from property management will
clearly exceed the result for 2008 of SEK 355 million (>SEK 2.17
per share).
Strong income from property management
Klövern is reporting a strong result in operating activities.
Income from property management amounted to + SEK 355 million in
2008. Income increased during the year. The income statement is
also affected by items which do not affect the cash flow such as
negative changes in value of both properties and derivatives.
Klövern's CEO Gustaf Hermelin is optimistic about the future and is
raising the forecast. The result for 2009 is expected to exceed
2008's result by a broad margin."Low interest rates, a high occupancy rate and potential in vacant
spaces means that the conditions are good for an improvement in the
result in 2009", says Klövern's CEO Gustaf Hermelin.
Nyköping 13 February 2009
Klövern AB (publ)
For further information, please contact:
Gustaf Hermelin, CEO, tel +46 155-44 33 10, +46 70-560 00 00,
gustaf.hermelin@klovern.se
Caesar Åfors, CFO and vice President, tel +46 155-44 33 02, +46
70-662 48 48, caesar.afors@klovern.se
Britt-Marie Einar, Finance and Information Manager, tel +46 155-44
33 12, +46 70-224 29 35,
britt-marie.einar@klovern.se
Klövern is a real estate company committed to working closely with
customers to meet their needs of premises and services in Swedish
growth regions. Klövern has business units in ten cities: Borås,
Karlstad, Kista, Linköping, Norrköping, Nyköping, Täby, Uppsala,
Västerås and Örebro. As at 31 December 2008, the value of the
properties totalled approximately SEK 11.9 billion and the rental
value on an annual basis was approximately SEK 1.4 billion. The
Klövern share is listed on Nasdaq OMX Nordic Exchange in Stockholm
for medium-sized companies.
Klövern AB (publ), Box 1024, SE-611 29 Nyköping, Sweden. Tel
+46 155-44 33 00, Fax +46 155-44 33 22.
Corporate registration no. 556482-5833. Registered office:
Nyköping. Website: www.klovern.se
