INTERIM REPORT JANUARY - MARCH 2013
- Rental revenue SEK 6.7 M (6.7)
- Operating profit SEK 4,6 M (18.8)
- Profit before tax SEK 2.8 M (16.5)
- Profit after tax SEK 2.2 M (12.2), corresponding to SEK 0.19 per share (1.05)
- Unrealized changes in property value SEK 0 M (14.8)
- Investments SEK 0.2 M (0.2)
CEO Andreas Philipson comments
Business operations have continued according to plan in the beginning of the year. The differences in results compared to the same quarter last year are due to an increase in the value of the properties of about 15 million SEK for the first quarter of 2012. We have a high equity ratio and our key ratios look good in general.
At the beginning of the year the zoning plan approved by the City of Solna at the end of last year was appealed. The appeals, which have to do with risks associated with noise and particle levels, are part of the zoning process, especially for construction in densely populated metropolitan areas.
We are focused on a strong environmental profile in the creation of the new Haga Norra. When the expansion is complete, we will fall well below the current minimum levels for noise etc. With the environmental considerations that we have included in the zoning plan and based on the test measurements we have made, I have confidence in our ability to deal with any environmental issue in the on-going appeal process.
I feel confident that we have done everything in our power to move the process forward. Our aim is to meet the requirements and ensure that the continuing process is managed as smoothly as possible.
For further information, please contact
Andreas Philipson, CEO
Tel. +46-70-209 77 60
This information is such that Catena AB (publ) must release it publicly in accordance with the Swedish Securities and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was released to the public on April 24, 2013, at 2.00 pm.
Catena shall own, effectively manage and actively develop well situated real estate with the potential to generate steadily growing cash flow and healthy value growth. Catena’s overriding objective, based on its focused orientation, is to provide shareholders with a favourable, long-term total return.
For more information about Catena, visit www.catenafastigheter.se