Reported to the Copenhagen Stock Exchange via Company News Service on 23 May
2007
The Supervisory Board of Keops EjendomsObligationer IX AB has today held a
Supervisory Board meeting at which the Group's interim report was considered.
The report is enclosed.
Summary:
Satisfactory interim results in
Keops EjendomsObligationer IX AB.
The Group's results before tax and before value adjustments of properties and
debt for the first half of 2006/07 amounted to negative SEK 93.5 million
compared with the prospectus budget of negative SEK 9.3 million. The negative
results are partly caused by one-time expenses in connection with the
acquisition of the properties and partly by exchange adjustments and costs of
fixed asset investments.
The main part of the Group's 172 properties (896,698 sq. m.) is let out as
office facilities (40 %), industrial/storage facilities (35 %), shops (10 %),
residential facilities (3 %), other (12 %).
Revenue in the first half amounted to SEK 263.9 million, compared with the
prospectus budget of SEK 268.1 million. The operating expenses amounted to SEK
86.6 million compared with the prospectus budget of SEK 123.5 million. Lower
maintenance costs are the primary reason for the deviation from the prospectus
budget.
The Group's operating profit amounted to SEK 201.4 million compared with the
prospectus budget of SEK 149.4 million.
The value of the properties at 31 March 2007 represents SEK 6,415.3 million and
reflects the acquisition price of the properties. Value adjustments have been
recognised in the income statement in Value adjustment of properties and debt,
net and for the period amount to SEK 45.7 million.
On this basis, the expectations of results before tax and value adjustments of
properties and debt are changed to negative SEK 63 million for this financial
year.
Please address questions relating to this Notice to Director Tommy Sundbom at
telephone + 46 8 41020310 or Head of Communications Susanne Lindø on tel. +45
3341 0000.
This document in the English language is a translation of the Swedish original
document. In the event of inconsistency, the Swedish version shall apply.
