Interim report January – March 2009

Continued cautious demand but improved sales

- Revenues fell 33 percent to SEK 2,119m (3,166) and the number of residential units sold was 564 (620)
- Profit before tax dropped to SEK 66m (457) and first quarter profit after tax fell to SEK 47m (328). Operating margin decreased to 4.5 percent (14.4)
- Property sales of SEK 73m (3) resulted in gains of SEK 13m (3)
- Return on equity for the past twelve months was 14.2 percent (39.9). Earnings per share during the first quarter amounted to SEK 0.60 (3.70)
- Consolidated cash flow including net investment in properties totaled SEK -464m (-235).