Interim Report January – March 2013

  • Gross profit from property management remained unchanged and amounted to SEK 264 million (264).
  • Profit after tax for the period was SEK 266 million (341), equivalent to SEK 1.29 per share (1.65). The fall in profit can be attributed to a lower unrealized change in the value of the property holdings compared to the previous year.
  • The fair value of the property holdings was set at SEK 24.5 billion (23.1 at the turn of the year). On March 7, acquisition of the property Nordstaden 8:26 in Gothenburg was completed. The purchase sum was SEK 1.3 billion.
  • The net asset value, following a deduction for a dividend of SEK 2.60 per share, amounted to SEK 83 per share (84 at the turn of the year).
  • The equity ratio was 54 per cent (54), the net loan-to-value ratio was 22 per cent (20) and the interest coverage ratio multiple was 7.8 (6.5).
  • Consolidated net revenue amounted to SEK 390 million (381), an increase of 2 per cent.
  • The rental vacancy level at the period-end was 5.0 per cent (3.9).
     

Stockholm, May 21, 2013

HUFVUDSTADEN AB (publ)

Ivo Stopner
President

Appendix: Interim Report January – March 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 May 21, 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.