INTERIM REPORT JANUARY – SEPTEMBER, 2009
Catena displays substantially higher earnings
• Rental revenue during the period totaled SEK 151.8 M (140.4). • Income from property management amounted to SEK 87.9 M (64.6), or SEK 7.60 per share (5.59). • Profit before tax for the period was SEK 88.1 M (3.3). • Profit after tax for the period amounted to SEK 64.7 M (6.0), or SEK 5.59 per share (0.52). • Realized change in value included in profit before tax amounted to SEK 3.2 M (4.3) • Unrealized change in value amounted to a loss of SEK 3.0 M (loss: 65.6), for which property accounts for a loss of SEK 0.3 M (loss: 62.2) and derivatives for a loss of SEK 2.7 M (loss: 3.4). • Investments in existing portfolio amounted to SEK 34 M (98) during the period. Peter Hallgren, President and CEO: • Catena’s earnings improved significantly during the period. Rental revenue increased by 8.1 per cent and income from property management rose by 36 per cent compared with the corresponding period in the preceding year. The increases are attributable to favorable new letting, a savings program that is beginning to yield results and significantly lower financing expenses. The occupancy rate remained high at 97.2 per cent. • Catena’s operations have been marginally affected by the recession. In 2009, rental losses due to a bankruptcy and a company reorganization comprised about 0.5 per cent of rental revenue. Catena’s property values were relatively marginally affected in 2009, while the decline in value was slightly more than 10 per cent in 2008. • Catena continues its strategy of investing in and improving its property portfolio. The property in Haninge has been upgraded to a modern automotive facility with several auto brands. The renovation was completed in September. For information, please contact Peter Hallgren, President and CEO, tel +46-31-760 09 32, or Rune Jonsson, CFO, tel +46-31-760 09 35 N.B. This is a translation from Swedish. The Swedish version shall always take precedence. The Interim Report can be downloaded from www.catenafastigheter.se This information is such that Catena AB (publ) must release it publicly in accordance with the Swedish Securities and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was released to the public on October 28, 2009, at 08.15 a.m.