Nordisk Renting Interim Report 1 January - 31 March 2004

Nordisk Renting Interim Report 1 January - 31 March 2004 - Group income before profit from sales of properties and tax amounted to SEK 89m (76). Profit after tax totalled SEK 69m (58). - Properties were acquired and new investments made during the period for a total of SEK 378m (684). - Two properties were sold during the period according to option agreements, corresponding to a value of SEK 100m (8), resulting in a total capital gain of SEK 0m (1). Acquisitions and investments Agreements entered into during the period include acquisition of two elderly care properties for SEK 78m with the municipal property company Gnestahem in Gnesta, south of Stockholm, as the long-term tenant. Additional investments have also been made together with the Finnish company Kesko, the municipality of Umeå and the Nordic food corporation Cerealia. Growth in the profit and volume development The Group's net sales for the period amounted to SEK 354m (370), and on 31 March the balance sheet total equalled SEK 19 476 m compared with SEK 19 315m at the beginning of the year. At the end of the period, the administration in the Group encompassed 212 properties totalling approximately 2.0m square metres. Group profit from operating activities for the full year 2004 excluding profit from sales is expected to exceed the corresponding figure for 2003. This report has not been examined by the company's auditors. For further information, please contact: Reinhold Geijer, President & CEO, Nordisk Renting AB, tel +46 8 670 98 00 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/04/20/20040420BIT20980/wkr0001.pdf The full report