Diös Fastigheter Year-end report 2017

Diös’ earnings performance in 2017 was strong. Our property management income increased by 53 per cent to SEK 822 million (539) and the surplus ratio increased to 64 per cent, which was above our target for the year. The Board of Directors proposes a dividend of SEK 2.90 per share, corresponding to an increase of 45 per cent.

  • Rental income increase was 28 per cent and totals SEK 1,700 million (1,323)

  • Property management income was SEK 822 million (539)

  • Unrealized changes in property values amounted to SEK 402 million (337) and for derivatives to SEK 27 million (91)

  • Profit after tax was SEK 1,029 million (832)

  • Earnings per share were SEK 7.78 (8.66)*

  • The Board of Directors proposes a dividend of SEK 2.90 per share (2.00), to be evenly distributed on two occasions.

- We have a first-rate organisation that is already performing strongly, yet we also see many more opportunities. Having completed a successful 2017 and armed with a constant ambition to improve, we will continue to deliver increased cash flows and attractive return for our shareholders also in 2018, says Knut Rost, CEO.

For further information, please contact:

Knut Rost, CEO Diös Fastigheter
Phone: +46 (0)10-470 95 01
E-mail: knut.rost@dios.se

Rolf Larsson, CFO Diös Fastigheter
Phone: +46 (0)10- 470 95 03
E-mail: rolf.larsson@dios.se

*In 2017, the number of shares increased by approximately 60 million shares after the completion of a rights issue, thus affecting share-related key ratios.

This information is information that Diös Fastigheter AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CET on 16 February 2018.

Diös Fastigheter owns and develops both commercial and residential properties in prioritized growth areas in northern Sweden. With a market value of approx. SEK 19.5 billion, a portfolio of 339 properties and a lettable area of 1,553,000 sq.m, our vision is to be the most active and sought-after landlord in our market. The properties are located from Borlänge to Luleå with its head office in Östersund. The company has since 2005 had a continuous growth in value in the property portfolio and the share is listed on Nasdaq OMX Stockholm, Mid Cap. Learn more about Diös on www.dios.se 

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About Us

Diös Fastigheter owns and develops both commercial and residential properties in prioritized growth areas in northern Sweden. With a market value of approx. SEK 19 billion, a portfolio of 347 properties and a lettable area of 1,580,000 sq.m, our vision is to be the most active and sought-after landlord in our market. The properties are located from Borlänge to Luleå with its head office in Östersund. The company has since 2005 had a continuous growth in value in the property portfolio and the share is listed on Nasdaq OMX Stockholm, Mid Cap. Learn more about Diös on www.dios.se

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Quotes

We have a first-rate organisation that is already performing strongly, yet we also see many more opportunities. Having completed a successful 2017 and armed with a constant ambition to improve, we will continue to deliver increased cash flows and attractive return for our shareholders also in 2018.
Knut Rost, CEO