Lund, Sweden, 2015-10-15 08:00 CEST (GLOBE NEWSWIRE) --
TODAY TRIBONA RELEASES ITS FINANCIAL RESULTS FOR JANUARY-SEPTEMBER 2015
HIGHLIGHTS THIRD QUARTER 2015
» Rental income of SEK 101.4m (110.4)
» Net rental income of SEK 80.9m (95.0)
» Cash flow from operations of SEK 37.4m (42.1)
» Unrealised change in fair value properties of SEK -0.1m (-57.6)
» Unrealised fair value interest derivatives of SEK -28.6m (-47.5)
» Earnings per share of SEK 0.0 (-1.7)
» Signed two new lease agreements in Burlöv covering 4 150 sq.m. and 3 480 sq.m.
» Extended lease agreement in Växjö covering 3 855 sq.m.
» Extended lease agreement with ICA covering 4 000 sq.m. in our property in Linköping to September 2020
» The Board of Directors of Tribona has called an extraordinary general meeting 23 October 2015 and will include election of new Board Members
» A public offer to the shareholders of Tribona was submitted – which the Bid Committee of Tribona’s Board of Directors unanimously recommends not to accept
HIGHLIGHTS JANUARY-SEPTEMBER 2015
» Rental income of SEK 299.3m (325.2)
» Net rental income of SEK 234.2m (274.8)
» Cash flow from operations of SEK 105.3m (97.7)
» Unrealised change in fair value properties of SEK 0.6m (-206.6)
» Unrealised fair value interest derivatives of SEK 13.8m (-187.9)
» Earnings per share of SEK 1.7 (-6.2)
» Acquired eight logistics properties in Helsingborg and Malmö, witrh a total lettable area of 22 741 sq.m
» Extended lease agreement with Netto in Linköping regarding 15 944 sq.m. with three years to 31 December 2019, extension of lease agreement in Växjö covering 3 855 sq.m. with four years and extension of lease agreement in Linköping covering 4 000 sq.m. to September 2020
» Signed two new lease agreements in Burlöv covering 4 150 sq.m. and 3 480 sq.m.
» Signed two new lease agreements in the property Mätaren 6 in Umeå covering 6 420 sq.m. in total
» Refinanced 85 % of the loan portfolio ahead of schedule
» The property Bunkagården Mellersta 2 in Helsingborg has become Green Building-certified
HIGHLIGHTS AFTER END OF PERIOD
» Tommy Åstrand, CFO, has announced that he after four years leave his position 31 January 2016 for another employment
» Chairman of The Board Mats-Olof Ljungqvist and Board Member Malin Rylander-Leijon have informed that they are not available for re-election at the extraordinary general meeting 23 October 2015
CEO Per Johansson says in a comment:
“Our financial position after end of quarter is still strong and de financial occupancy rate has been further strengthened after having a great focus on extending the cooperation with current and new customers. We have continued focus on broadening our customer base and have interesting and attractive areas of land which we are now working actively with to create growth.”
MATERIAL
Interim Report and presentation will be available on www.tribona.se before the presentation.
PRESENTATION
Tribona AB releases its financial results for January-September today, 15 October 2015. In connection with this, the Company will hold a presentation via audiocast 08:30 CET on the Company’s website, www.tribona.se
Per Johansson, CEO and Tommy Åstrand, CFO will represent the Company.
To ask questions during the presentation, call one of the following numbers, depending on which country you are in.
Sweden: +46 (0)8 505 564 74
Norway: +47 235 002 10
UK: +44 203 364 5374
USA: +1 855 753 2230
The presentation will be held in Swedish.
FOR FURTHER INFORMATION
Per Johansson, CEO: +46 708 17 1363, e-mail: per.johansson@tribona.se
Tommy Åstrand, CFO: +46 705 45 5997, e-mail: tommy.astrand@tribona.se
This information is such that Tribona AB (publ) is obliged to disclose under the Securities Market Act and/or the Financial Instruments Trading Act. The information was made available for publication on 15 October 2015, 08:00 CET.
ABOUT TRIBONA
Tribona AB (publ) is one of Sweden's largest listed pure-play logistic property company. The property portfolio consists of modern and strategically located logistic properties, 35 in Sweden and one in Denmark, with a total lettable area of about 704.000 square meters. For more information, please visit www.tribona.se
