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Gross profit from property management amounted to SEK 1,145 million (1,135), the increase can be attributed mainly to higher rents.
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Profit for the year before tax increased by SEK 114 million, totalling SEK 2,521 million (2,407). The increase in profit can be attributed to higher unrealized changes in value of the property holdings.
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Profit after tax was SEK 2,001 million (1,876), equivalent to SEK 9.70 per share (9.10).
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The Board proposes an increase in the dividend to SEK 2.90 per share (2.75).
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The fair value of the property holdings was set at SEK 27.8 billion (25.9), resulting in a net asset value of SEK 100 per share (92).
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The equity ratio was 59 per cent (58), the net loan-to-value ratio was 19 per cent (20) and the interest coverage ratio multiple was 8.5 (8.3).
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Consolidated net revenue amounted to SEK 1,665 million (1,640), an increase of 2 per cent.
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The rental vacancy level at the period-end was 5.6 per cent (4.0).
Stockholm, February 12, 2015
HUFVUDSTADEN AB (publ)
The Board
Appendix:
Year-End Report 2014
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, 2015.
Questions can be answered by Ivo Stopner, President, or Magnus Jacobson, Head of Finance, telephone +46 (0)8-762 90 00.
Year-End Report 2014
