Interim Report January–September 2010

  • After-tax profit for the period improved by SEK 889m from SEK 202m to SEK 1,091m, corresponding to earnings per share of SEK 6.67 (1.23).
  • Earnings before tax from Property Management amounted to SEK 1,126m (384) and from Property Development to SEK 198m (25).
  • Transaction profit amounted to SEK 190m (18).
  • Profit from Property Management declined to SEK 600m (624), and rental income declined
    to SEK 1,520m (1,647) as a result of net sales of properties.
  • The equity/assets ratio increased to 37 per cent (32).

“We have again put a solid quarter behind us, during which stable Property Management earnings and growing contributions from the Transaction and Development business areas combined to provide significantly higher overall earnings,” says Christian Hermelin, Fabege’s CEO.

“In contrast to the situation one or two years ago, we can state that we are currently facing an agreeable problem. Risks have been replaced by opportunities and we have to meet the challenge of optimally leveraging them,” Christian Hermelin concludes.

Fabege AB (publ)

26 Oct 2010 8:00 AM