Half-year Report January – June 2013

  • Profit after tax for the period was SEK 844 million (654), equivalent to SEK 4.09 per share (3.17). The increase can be attributed mainly to a higher unrealized change in value compared to the previous year.

  • Gross profit from property management increased by 6 per cent and amounted to SEK 558 million (527), mainly due to increased rental revenue.

  • The fair value of the property holdings was set at SEK 24.9 billion (23.1 at the turn of the year).

  • The net asset value was SEK 86 per share (84 at the turn of the year).

  • The equity ratio was 56 per cent (55), the net loan-to-value ratio was 23 per cent (19) and the interest coverage ratio multiple was 8.2 (6.2).

  • Consolidated net revenue amounted to SEK 795 million (763), an increase of 4 per cent.

  • The rental vacancy level at the period-end was 4.8 per cent (3.7 at the turn of the year).

Stockholm, August 22, 2013

HUFVUDSTADEN AB (publ)

 

Ivo Stopner
President

Appendix: Half-year Report January – June 2013

The information in this Interim Report is information that Hufvudstaden AB (publ) is obliged to publish according to the Securities Market Act and/or the Financial Instrument Trading Act. The information was published on August 22, 2013.

Questions can be answered by Ivo Stopner, President, or Magnus Jacobson, Head of Finance, telephone +46 (0)8-762 90 00. 

About Us

Hufvudstaden provides office and retailing premises in prime locations in Stockholm and Gothenburg. The Company was founded in 1915 and is today one of Sweden's largest listed property companies and one of the strongest brands in the country in the property sector.