•Strong net lettings of SEK 142m
•Surplus ratio developed very positively and was 64 per cent (60)
•Profit after financial items totalled SEK 2,066m (1,863)
•Profit after tax totalled SEK 1,812m (2,266) and earnings per share was SEK 9.98 (11.74)
•Rental income totalled SEK 2,066m (2,343). Rental income for like-for-like stock increased by 7.6 per cent
•The Board proposes a dividend of SEK 4.00 per share
"Our ambitions for 2007 were to improve surplus ratio, decrease vacancy rate, increase the pace of project activity and further strengthen market positions in our principal markets. I’m very satisfied that we increased surplus ratio by 4 percentage points, decreased vacancy by 3 percentage points, took decisions on major project investments totalling SEK 2.4bn and increased our principal markets’ share of the whole portfolio by 8 percentage points," says Christian Hermelin, CEO of Fabege.
"Fabege has a good financial position as well as a well-positioned property stock and an attractive project portfolio in a property and rental market that remains strong at the beginning of 2008."
Fabege AB (publ)
Annex: Year-end report 2007
For further information, please contact:
Christian Hermelin, CEO, tel +46 (0)8-555 148 25, +46 (0)733-87 18 25
Åsa Bergström, CFO, tel +46 (0)8-555 148 29, +46 (0)70-666 13 80
Mats Berg, Director of Communications, +46 (0)8-555 148 20, +46 (0)733-8718 20
Fabege AB discloses the information in this press release according to the Swedish Securities Exchange and Clearing Operations Act and/or the Swedish Financial Trading Act.