Year-end report 2006

• Profit after tax was SEK 2,266m (2,666) and diluted earnings per share SEK 23.47 (27.50)

• Rental income totalled SEK 2,343m (2,778)

• A cash dividend of SEK 8.00 per share (7.50) and transfer of all the company's shares in Klövern to the shareholders through a redemption offer. On full acceptance of the redemption offer, a total of around SEK 2.2bn, equivalent to around SEK 22 per share, will be transferred to the shareholders

• A 2:1 share split

• Following the proposed dividend and redemption, the company has an equity/assets ratio in excess of 35 per cent


“Occupancy rate improved by three percentage points to 89 per cent in 2006. We are now seeing the rental market gradually strengthen in our principal markets of the inner city of Stockholm, Solna and Hammarby Sjöstad,” says Christian Hermelin, CEO of Fabege.

“We continued the substantial restructuring of our property stock and the focus on our principal markets during the year. Turnover in our property portfolio was very high, totalling SEK 28bn, of which SEK 12bn was made up of sales and SEK 16bn of purchases,” Hermelin continues.

“With a strong financial position, a good organisation and a well-positioned property stock, we have an excellent base for value-adding management and improvement and also for seizing interesting business opportunities,” he concludes.


Fabege AB (publ)


Attachments: Year-end report 2006 and list of acquired and sold properties


For further information, contact:
Christian Hermelin, CEO, Tel +46 8-555 148 25, +46 733-87 18 25
Roger Johansson, Executive Vice President and CFO, Tel +46 8-555 148 13, +46 70-374 42 85
Mats Berg, Director of Communications, +46 8-555 148 20, +46 733-87 18 20

About Us

We are a property company focusing on city district development and commercial properties. We develop attractive and sustainable districts with modern offices, housing and a broad range of services - together with strategic partners. Both our perspective and approach to ownership are long term and our passion is creating the right conditions for all those living, working and visiting our areas. We have a presence in a limited number of high-growth submarkets in the Stockholm region. Fabege’s shares are listed on Nasdaq Stockholm, in the Large Cap segment.

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