• The gross profit from property management for comparable holdings increased by 14 per cent to SEK 839 million (734). The improvement can be attributed mainly to higher rents and a fall in the level of vacant space.
• Profit for the year amounted to SEK 2,401 million (3,423), equivalent to SEK 11.64 per share (16.60). The lower profit can be attributed to the disposal of the World Trade Center the previous year.
• The Board proposes an increase in the ordinary dividend to SEK 1.75 per share (1.60).
• The fair value of the property holdings was set at SEK 20.5 billion at the turn of the year (17.4), which gives a net asset value per share of SEK 73 (71).
• Net sales for the Group for comparable holdings amounted to SEK 1,266 million (1,153), an increase of 10 per cent.
• The rental vacancy level at the year-end was 3.3 per cent (6.5).
Stockholm, February 14, 2008
HUFVUDSTADEN AB (publ)
The Board
Appendix: Year-End Report 2007
This is price-sensitive information, reported to the Swedish Financial Supervisory Authority.
For further information, please contact Ivo Stopner, CEO, or Magnus Jacobson, CFO, telephone +46 (0)8-762 90 00.
Year-End Report 2007
• The gross profit from property management for comparable holdings increased by 14 per cent to SEK 839 million (734). The improvement can be attributed mainly to higher rents and a fall in the level of vacant space.• Profit for the year amounted to...
