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     125  0 Kommentare Interim Report January – March 2021

     

    » Income amounted to SEK 807 million (837).

    » The operating surplus amounted to SEK 524 million (558).

    » Profit from property management amounted to SEK 309 million (324).

    » Profit before tax amounted to SEK 909 million (882) and net profit, attributable to the parent company’s share-holders, totalled SEK 796 million (656), corresponding to SEK 0.67 (0.62) per ordinary share.

    » Investments amounted to SEK 490 million. Project development, including development of building rights, contributed to increases in value of properties of SEK 122 million (97). In total, changes in value of properties amounted to SEK 406 million (593).

    » During the quarter, 3 properties were taken possession of for SEK 152 million and 13 properties were divested and handed over for SEK 700 million. On 31 March 2021, the fair value of Klövern’s 341 properties, excluding properties classified as current assets, amounted to SEK 58,289 million. In addition, there are 9 properties classified as current assets which are reported at a value of SEK 1,014 million and have an estimated fair value of SEK 1,742 million.

    » The interest coverage ratio amounted to 2.7 (2.5), leverage to 50 per cent (50) and the adjusted equity ratio to 43.9 per cent (43.2).

    » The net reinstatement value (NRV) per ordinary share amounted to SEK 20.78.

    » On 25 March 2021, Rutger Arnhult left Klövern’s board of directors and his position as CEO. The board has appointed Peeter Kinnunen, Klövern’s head of transactions, as acting CEO.

    » On 29 March 2021, Corem Property Group AB (publ) announced a public offer with consideration in the form of newly issued shares in Corem to the shareholders of Klövern AB (publ). An offer document is expected to be published by the Offeror on or around 10 May 2021. The acceptance period for the offer is expected to end on 8 June 2021. Klövern's board of directors, together with its advisors, will evaluate the Offer and will publish its opinion on the Offer at the latest two weeks prior to the end of the acceptance period.

    Lesen Sie auch

    Statement by the CEO
    Stable earnings in a recovering market

    Like last year, 2021 will continue to be marked by the ongoing pandemic and the recovery from the same. However, I can note that the ongoing vaccinations, and a better starting point for the Swedish economy than in many other countries both contribute to good hope for a gradual normalization. For Klövern, the first quarter has been eventful in many ways. After having been head of transactions in the company for almost a decade, I am pleased to have also assumed the role as acting CEO. During the quarter, Corem Property Group has also announced a public offer to the shareholders of Klövern.

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    Interim Report January – March 2021   » Income amounted to SEK 807 million (837).» The operating surplus amounted to SEK 524 million (558).» Profit from property management amounted to SEK 309 million (324).» Profit before tax amounted to SEK 909 million (882) and net profit, …