Vasakronan Interim report January - September 2001

Vasakronan Interim report January-September 2001 * Vasakronan has restructured operations during 2001. Building permits and property portfolios in nine locations were divested for SEK 6,097 M, and properties were acquired in Stockholm, Gothenburg and Malmö for SEK 5,204 M. * Income after financial items increased to SEK 2,576 M (474). Income, excluding capital gains on property sales and the cost of prepayment of future interest expense, amounted to SEK 496 M (393), an increase of 26%. * Rental revenues amounted to SEK 2,057 M (1,944). Rents for new and renegotiated leases increased by 47%. The financial vacancy rate was 3% (4). Demand for rental premises has slackened slightly due to uncertainty about the economy. * The outlook for full-year 2001 has improved and the profi t forecast has been adjusted from SEK 500 M to SEK 575 M. As a result, income after net financial items, but before gains/losses on the sale of properties and before the prepayment of future interest expense, will be about SEK 575 M (426). For further information contact: Håkan Bryngelson, President and CEO + 46 8 783 21 05 Björn Lindström, Senior Vice President, Chief Financial Officer + 46 8 783 21 12 Bengt Möller, Senior Vice President, Corporate Communications + 46 8 783 21 09 + 46 70 593 91 71 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/10/24/20011024BIT00910/bit0001.pdf The full report