Lund, Sweden, 2013-07-10 08:02 CEST (GLOBE NEWSWIRE) --
Today, Tribona releases its financial results for Q2 and first half year 2013.
Highlights first half year 2013:
- Rental income in the quarter of SEK 122.8m (121.7) and first half year SEK 247.8m (243.8)
- Net rental income in the quarter of SEK 108.2m (108.9) and first half year SEK 219.6m (220.2)
- EBVAT of SEK 35.0m in the quarter (56,9) and first half year SEK 81.0m (112.9)
- Fair value adjustments of properties in the quarter of SEK 13.9m (-1.2) and first half year SEK 4,6m (-12.7)
- Cash flow from operations of SEK 48.7m (56.0) and first half year SEK 106.9m (110.9)
- Earnings per share in the quarter of SEK 1.9 (1,0) and first half year SEK 2.8 (2.5)
- Equity per share of SEK 50.7 (47.2)
- Sold the property Kolven 2 for SEK 931m, which is SEK 5m above book value. In connection to the sale, lease contracts were extended with ICA by between 1.25-4 years to a contractual value of approximately SEK 177m
- Finalized refinancing of all existing loans 15 February with new average loan duration of 3.5 year and loan to value 65,1%
- Last trading day at Oslo Stock Exchange 13 May and listing on NASDAQ OMX Stockholm 21 May
CEO Peter Strand comments: "We can with joy look back on the second quarter as a milestone for the Company’s development. After finalizing the refinancing in February and after months of preparations it was finally time to listing on Nasdaq OMX Stockholm Mid Cap 21 May. It was with joyment we could see how the trading took off and that we by that took the last step in the transformation from a Norwegian financial company to a Swedish real estate company."
Material
Quarterly report and presentation will be available on investors.tribona.se before the presentation.
Presentation
Tribona AB releases its financial results for Q2 and first half year 2013 today, 10 July 2013. I connection to this, the Company will hold a presentation via webcast 08:30 CET on the Company’s website, investors.tribona.se
Peter Strand, CEO and Tommy Åstrand, CFO will represent the company.
To ask questions during the presentation, call one of the following numbers, depending on which country you are in.
Sweden +46 (0)8 5033 6538
Norway + 47 2350 0486
England +44 (0)20 3427 1900
USA +1646 254 3365
Participantcode to enter: 4002571
The presentation will be held in Swedish.
For further information
Peter Strand, CEO: +46 705 88 1661, e-mail: peter.strand@tribona.se
Tommy Åstrand, CFO: +46 705 45 5997, e-mail: tommy.astrand@tribona.se
This information is such that Tribona AB (publ) is obliged to disclose under the Securities Market Act and/or the Financial Instruments Trading Act. The information was made available for publication on 10 July 2013, 08:00 CEST.
About Tribona
Tribona AB (publ) is Sweden's largest pure-play logistic property company. The property portfolio consists of modern and strategically located logistic properties, 19 in Sweden and one in Denmark, with a total lettable area of about 734 000 square meters. For more information, please visit www.tribona.se
