Interim Report January–June 2011

• After-tax profit for the period improved to SEK 656m (501), corresponding to earnings per share of SEK 4.03 (3.05).
• Profit from the Property Management declined to SEK 270m (391), and rental income declined to SEK 894m (1,025) as a result of net sales of properties and higher market interest rates.
• Earnings before tax from Property Management amounted to SEK 721m (625) and from Property Development to SEK 140m (132).
• Net lettings amounted to 60 Mkr (2).

“The healthy business climate contributed to Fabege’s continued favourable performance, with stronger demand and rising property values,” says Christian Hermelin, Fabege’s CEO.

“ We have ambitious targets and our organisation is fully focused on pursuing a successful letting effort aimed at increasing the occupancy rate and thus cash flow and property values,” Christian Hermelin concludes.

Fabege AB (publ)

For further information, please contact:
Christian Hermelin, CEO, phone 46 (0)8 555 148 25, 46 (0)73 387 18 25
Åsa Bergström, Deputy CEO and CFO, phone 46 (0)8 555 148 29, 46 (0)70 666 13 80

This constitutes information that Fabege AB (publ) may be legally obliged to disclose under the Securities Market Act and/or the Financial Instruments Trading Act. The information was released for publication at 07:00 am CET on 7 July  2011.

Fabege AB (publ) is one of Sweden’s leading property companies focusing on commercial premises. The carrying amount of the company’s property portfolio is approximately SEK 28.2bn. The portfolio is concentrated to the Stockholm region and has an annualised rental value of SEK 2.1bn and a lettable area of 1.1m sqm. Fabege’s shares are listed on Nasdaq OMX Stockholm, Large Cap segment.

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