STOCKHOLM, Sweden, Feb. 11, 2003 (PRIMEZONE) -- Drott (Stockholm:DROTa):
3 months 12 months
October- January-
December December
DROTT, SEK M 2002 2001 2002 2001
Ongoing property management operations 151 193 698 886
("operations")
Gain from property sales 82 66 257 508
Nonrecurring items -338 -389 -338 -287
Profit before tax -105 -130 617 1,107
Current tax -11 -74 -49 -291
Deferred tax 65 73 -24 34
Profit after tax -51 -131 544 850
OPERATIONS, SEK
Earnings per share 1.43 1.50 6.43 6.75
Cash flow per share 2.53 2.75 11.17 12.00
-- Profit and cash flow for 2002 meet forecast
-- Estimated adjusted equity per share: SEK 170 (168)
-- Dividend (proposed): SEK 5.00 per share (5.00)
Drott owns commercial and residential properties in regions and metropolitan areas with faster long-term growth than the rest of the country. Three-quarters of rental revenues are from the Stockholm region, and the rest from the Oresund and Gothenburg regions. Appraised property values: SEK 40,2 billion. Drott is the largest real estate company listed on the Stockholm Stock Exchange. 50,000 shareholders. Market capitalization SEK 9 billion.
Interim report July-October 29, 2003 September 2003 Contacts: Mats Mared, President and CEO +46 8 769 30 10 and CEO) mats.mared@drott.se Claes Linne, Vice President +46 8 769 30 12 claes.linne@drott.se Johan Nordenson, Investor Relations +46 8 769 30 20 johan.nordenson@drott.se Asvor Brynnel, Corporate Communiactions +46 8 769 30 21 asvor.brynnel@drott.se This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: www.waymaker.net/bitonline/2003/02/11/20030211BIT00070/wkr0001.doc The full report www.waymaker.net/bitonline/2003/02/11/20030211BIT00070/wkr0002.pdf The full report