* Income totalled SEK 603 million (614)
* Net profit for the period amounted to SEK 100 million (659),
corresponding to SEK 0.61 per share (3.96)
* Unrealised changes in value of properties amounted to SEK -138
million (438), equivalent to -1.1 per cent
* Equity per share was SEK 28.50 (29.40)
* The forecast that Klövern's profit for 2008, excluding changes in
value and tax, will exceed SEK 350 million (SEK 2.13 per share) is
unchanged.
President's statement
Increased required yield, rising rental levels and a continued high
level of net moving in"During the quarter, we have seen how inflation and higher interest
rates have led to higher required yield for our property portfolio.
At the same time, we can note a continued high level of demand for
premises, rising rental levels and positive net moving in.
The largest increases in rents are in our Business and Science
Parks. Despite the overall poisitive development of operations,
property value has fallen by over one per cent", says Klövern's
President and CEO Gustaf Hermelin.
Nyköping, 9 July 2008
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-CEO , 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. Today Klövern has geographical units in ten
cities/locations: Borås, Karlstad, Kista, Linköping, Norrköping,
Nyköping, Täby, Uppsala, Västerås och Örebro. As at 30 June 2008,
the value of the properties is approximately SEK 12.2 billion and
the rental income on an annual basis is around SEK 1.3 billion. The
Klövern share is listed on the 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.
Company registration no. 556482-5833 * Registered office: Nyköping
* Website: www.klovern.se
