Kungsleden’s fourth quarter: profits rise

• Profit before tax was SEK 571 (485) m and profit after tax was SEK 928 (745) m, equivalent to SEK 49.00 (39.00) per share.
• Proposed dividends are SEK 15.00 (13.00) per share. The Board of Directors intends to propose a 2:1 share split at the AGM.
• Rental revenues and Kungsleden’s operating surplus increased by 10 (7) per cent and 10 (4) per cent, to SEK 1,508 (1,376) m and SEK 934 (850) m respectively.
• Forecast for the financial year 2005 of profits for calculating dividends* of SEK 600 (595) m.

Kungsleden’s Chief Executive, Jens Engwall, said the following: “After a transaction-intensive 2004, Kungsleden is posting profit gains of 25% per share. While improving our operating surplus, we also consolidated our earnings capacity further through extensive property trading. Our returns remain high—approaching 30% on shareholders’ equity.

*Profit for calculating dividends means profit after tax excluding unrealized value changes and deferred tax, although realized value changes are included.


For further information, please contact:
Jens Engwall, Kungsleden’s Chief Executive, phone: +46 (0)8 503 05204, mobile +46 (0)70 690 6550
Johan Risberg, Kungsleden’s CFO, phone: +46 (0)8 503 05206, mobile +46 (0)70 690 6565

Detta pressmeddelande och kvartalsrapporten finns tillgängliga på svenska på www.kungsleden.se