INTERIM REPORT, JANUARY - MARCH 2008 Catena reports stable rental revenues and improved income from property management • Rental revenue during the period totaled SEK 46.1 M (46.1 in corresponding period a year earlier). • Income from property management amounted to SEK 20.9 M (15.2), or SEK 1.81 per share (1.31). • Profit before tax for the period was SEK 20.8 M (98.6). • Profit after tax for the period amounted to SEK 13.5 M (85.1), or SEK 1.17 per share (7.36). • Unrealized change in value included in profit before tax amounted to SEK -0,1 M (45.4) • Investments in existing portfolio amounted to SEK 27 M during the period. • Acquisition of land was carried out totally SEK 8 M. Peter Hallgren, President and CEO: “The start of the year was as anticipated. Rental revenue was at the level reported a year earlier, despite the six properties sold in March 2007. Income from property management improved by 38 percent to SEK 20.9 M, compared with SEK 15.2 M a year earlier.” “As part of our strategy to enhance value and develop our property portfolio, we have implemented the following activities, among other actions: • Renovation and expansion of our facilities in Drammen, Norway and in Almedal, Göteborg, Sweden are under way and will be completed during the year. • In January 2008, land was acquired adjacent to our property in the Svågertorp commercial area, Malmö, Sweden and in February a ten-year lease was signed with the Danish listed company Vestas. Catena will construct an office with 3,600 square meters of floor space, with occupancy in February 2009. The investment is SEK 65 M.” For information, please contact Peter Hallgren, President and CEO, tel +46-31-760 09 32, or Rune Jonsson, CFO, tel +46-31-760 09 35 The Interim Report can be downloaded from www.catenafastigheter.se 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 21, 2008 at 14.45 a.m.
INTERIM REPORT, JANUARY - MARCH 2008
| Source: Catena AB