Interim Report January–September 2012

• Profit from property management increased to SEK 436m (403), and rental income increased to SEK 1,389m (1,346). The year-on-year change was due to growth through positive net lettings and completed projects.
• Realised and unrealised changes in value amounted to SEK 1,210m (855), of which gains from property development in the project portfolio accounted for SEK 617m (200). The negative fair value of the derivative portfolio increased by SEK –133m (–236).
• The result before tax increased to SEK 1,492m (987).
• After-tax profit for the period amounted to SEK –708m (728), corresponding to earnings per share of SEK –4.36 (4.47), following a provision of SEK 1,900m for ongoing tax matters.
• Net lettings amounted to SEK 146m (111).

“Fabege’s financial year has developed well to date this year. The positive trend is being maintained, with net letting that remains strong, growth in property management result and strong contributions from all areas of activity,” says Christian Hermelin, CEO of Fabege.

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 08:00 am CET on 16 October  2012.

Fabege AB (publ) is one of Sweden’s leading property companies focusing mainly on letting and managing office premises and property development. The carrying amount of the company’s property portfolio is approximately SEK 31.6bn. The portfolio is concentrated in the Stockholm region and has an annualised rental value of SEK 2.3bn and a lettable area of 1.2m sqm. Fabege’s shares are listed on Nasdaq OMX Stockholm, Large Cap segment.

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