Invitation to an audiocast given by D. Carnegie & Co, presenting the Group's earnings capacity as per September 30, 2014
D. Carnegie & Co AB has, since the listing in April 2014, conducted a number of major property acquisitions, which have made the company the largest listed pure residential property company in Sweden. In order to give the stock market a clear and current picture of the company and its earnings capacity, D. Carnegie & Co invites to an audiocast on October 23 at 10:00 am CET.
As a result of the intensive acquisition activity in D. Carnegie & Co since the listing on First North in April 2014, the company has decided to publish financial information, on 23 October at 07.30 am CET, that shows the Group’s earnings capacity as per September 30, 2014.
At 10:00 am CET the same day the company invites shareholders, analysts and other interested parties to an audiocast to present the company and its current earnings capacity as per September 30, 2014. The presentation and associated material will be available on www.dcarnegie.se and can be followed via the web or by phone at the numbers listed below. Please call approximately five minutes before the scheduled start time so that the conference can start on time.
Following the presentation, the conference attendees will be given the opportunity to ask questions to the company CEO Ulf Nilsson and CFO Per-Axel Sundström.
D. Carnegie & Co's report for the third quarter 2014 will be published on Friday, November 21 at 08:30 am CET as earlier communicated.
Telephone numbers for the conference call:
+44 2033645372 or
+46 851999362
About D. Carnegie & Co
D. Carnegie & Co is a real estate company focusing on residential properties within the Stockholm region and other growth areas. The Company’s business concept is to own and manage its real estate portfolio and to gradually refurbish apartments in connection with the natural turnover of tenants. This can take place quickly and cost-efficiently due to the Company’s established refurbishment method, BosystemTM. The refurbishment model is popular with both tenants and the Swedish Union of Tenants (Sw. Hyresgästsföreningen) as the apartments are attractively refurbished without any tenants being forced to vacate the premises.
During 2014, D. Carnegie & Co has acquired several large portfolios of workable residential properties mainly situated in Stockholm’s growth areas. As of 30 September 2014, the market value amounted to SEK 10,1 billion and the total rental value was estimated to amount to over SEK 1,000 million per year. The financial leasing rate is high and none of the properties are vacant. D. Carnegie & Co is listed on NASDAQ OMX First North since 9 April 2014. The Company’s Certified Adviser is G&W Fondkommission.
For further information, please contact:
Ulf Nilsson, CEO, D. Carnegie & Co
+46 (0)8 121 317 25
Further information is available on www.dcarnegie.se