PRESS RELEASE Year-End Report 2009 • The operating result before changes in value increased by 5 per cent to SEK 915 million (875). The improved profit can be attributed mainly to higher rents and lower maintenance costs. • The result for the year was SEK -357 million (-449), equivalent to SEK -1.73 per share (-2.18). The change in result can be attributed to a net of unrealized decrease in value in property holdings during the year and dissolution of deferred tax compared to previous year. • The equity ratio was 55 per cent (56), the net loan-to-value ratio was 16 per cent (16) and the interest coverage ratio multiple was 7.0 (5.5). • The Board proposes an increase in the ordinary dividend to SEK 2.10 per share (1.90). • The fair value of the property holdings at the year-end was set at SEK 18.1 billion (19.1), equivalent to a net asset value of SEK 62 per share (66). • The consolidated net revenue amounted to SEK 1,372 million (1,348), an increase of 2 per cent. • The rental vacancy level at the year-end was 6.2 per cent (5.3) and excluding projects in progress 4.0 per cent (2.9). Stockholm, February 12, 2010 HUFVUDSTADEN AB (publ) The Board Appendix: Year-End Report 2009 The information in this Interim Report is information that Hufvudstaden AB (publ) is obliged to publish according to the Securities Market Act and/or the Financial Instrument Trading Act. The information was published on February 12, 2010, at 11.45 am. Questions can be answered by Ivo Stopner, President, or Magnus Jacobson, Head of Finance, telephone +46 (0)8-762 90 00.
Year-End Report 2009Year-End Report 2009
PRESS RELEASEYear-End Report 2009• The operating result before changes in value increased by 5 per cent to SEK 915 million (875). The improved profit can be attributed mainly to higher rents and lower maintenance costs.• The result for the year was...