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Revaluations of development projects boost Platzer results

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  • Rental income increased to SEK 525 m (464)

  • Profits from property management improved by 27% to SEK 211 m

  • Profit for the year amounted to SEK 298 m (294)

  • Property value increased to SEK 8,343 m (6,913)

  • Equity per share amounted to SEK 30.98 (28.47)

  • Earnings per share amounted to SEK 3.11 (3.82)

  • The Board proposes a dividend of SEK 0.75 per share (0.60), an increase of 25%

Platzer CEO, P-G Persson, comments:

“Platzer's business operations continued to perform strongly during the year. Well managed development projects, good property acquisitions, improvements in our day-to-day operations and a favourable interest rate environment meant that both profits from properties under management and property values rose substantially by 27% and 21%, respectively. More rewarding, a solid 70% of the revaluations have been generated through our own work.”

“Our first full year as a listed company has been far better than I personally had dared to hope. The combination of our own stronger performance and a positive market climate during the year made 2014 the best year in my time as CEO of Platzer.”

Platzer Fastigheter Holding AB (publ)

For further information, please contact:
CEO P-G Persson, +46 734 11 12 22
CFO Lennart Ekelund +46 703 98 47 87

The information is of such a nature that Platzer must publish it in accordance with the Securities Market Act and/or Financial Instruments Trading Act. The information was submitted for publication on Wednesday 18 Feb at 08:00 am.

Platzer Fastigheter Holding AB (publ) owns and developes commercial properties in the Gothenburg area with a total leasable area of approximately 415,000 m2 with a value of approximately SEK 8 billion. Platzers shares are listed on Nasdaq OMX Stockholm, Mid Cap.

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