interim report january-march

Record profit and continued streamlining

We are delighted with yet another strong quarter. For the first time we generate a profit before tax over one billion. Our strategy to focus and expand in growth regions continues. Our property portfolio now exceeds 40 billion. Region Stockholm dominates with 51 per cent and Gothenburg now accounts for 9 per cent.

At the Annual General Meeting of Klövern AB (publ) on 26 April 2017 the following decisions were made, among others.

Klövern is reporting a record profit for the first quarter of the year. Profit before tax of SEK 1,018 million exceeds the 1 billion mark for the first time, representing an increase of 16 per cent compared with Q1 2016."

On 26 April at 07:30 (CEST) Klövern will publish its interim report for the first quarter of 2017. On the same day, the annual general meeting will be held at 11:00 (CEST) followed by a telephone conference at 14:00 (CEST) for investors, analysts and media. Klövern's CEO Rutger Arnhult and IR Lars Norrby will participate in the telephone conference which will be held in English. The telephone conference will begin with a short presentation of the interim report followed by a Q&A session.

In a swap deal with Genova, Klövern divests 3 properties in Lund for an underlying property value of SEK 129 million, and at the same time acquires the site leasehold to the property Stockholm Borg 4 in Kista for an underlying property value of SEK 41 million.

Klövern gives you

Local presence

With our own staff at our units, we can provide tenants with fast service and have good knowledge of the market. Only by having close contact can we anticipate tomorrow’s needs.

Own management

Klövern is a real estate company offering customers efficient premises in selected growth regions with closeness and commitment. Management takes place in-house and with local commitment.

A broad range of premises

With our geographical distribution, we can offer premises at a number of locations in Sweden. We have a broad range of properties in the form of office, warehouse and industrial premises.

Sustainable concept

For Klövern, sustainable development means taking responsibility for the long-term economic, environmental and social results of how we put into practice our business concept and our values in operations.