Interim report January – March 2008

Slowed-down demand but still steady in Stockholm - high profitability

- Income increased by 5 percent to SEK 3,166m (3,027) and the number of residential units sold fell to 620 (899)
- Earnings before tax totaled SEK 457m (492) and net profit for the first quarter was SEK 328m (358). Operating margin decreased to 14.4 percent (16.4)
- Gains from property sales were SEK 3m (76)
- Return on equity for the past twelve months was 39.9 percent (48.3). Earnings per share during the first quarter was SEK 3.70 (3.90)
- Consolidated cash flow including property sales was SEK -235m (272).