Fabege finish the year strong and conducts many business transactions

Profit after tax for the year increased to SEK 1,738m (1,530), corresponding to
earnings per share of SEK 10.51 (9.26). During the year, net operating income
improved and the surplus ratio rose to a record-high 71 per cent, the highest
level in Fabege’s history. Transaction gains and value growth in both the
property management portfolio and the project portfolio continued to contribute
to Fabege’s total profit.
“The rate of business activity was high throughout the year, not only on the
transaction side but also in property management and project operations. We
noted record levels of net lettings, which enabled us to increase the pace of
development of our project portfolio, with a number of major ongoing projects
that extend a couple of years into the future. While the projects continue to
generate value, we also noted strong value growth in our modern and well-located
property management portfolio during the year.”

In Stockholm, growth remains favourable and the supply of new offices is low,
thus additionally enhancing market value.

“We capitalised on the opportunities arising in the strong market by selling 14
properties at a value of nearly SEK 4bn. As a result of these transactions, we
strengthened the balance sheet in preparation for forthcoming value-generating
projects. On the whole, I am delighted that all of our areas of operation –
property management, property development and transaction – contributed to the
strong earnings for the year,” says Christian Hermelin, CEO of Fabege.

Fabege AB (publ)
For further information, please contact:
Christian Hermelin, President and CEO of Fabege, phone 46 (0)8-555 148 25, 46
(0)733-87 18 25
Åsa Bergström, Vice President and CFO, phone 46 (0)8-555 148 29, 46 (0)706-66 13
80

This constitutes information that Fabege AB (publ) may be legally obliged to
publish under the Securities Market Act and/or the Financial Instruments Trading
Act. The information was released for publication at 11:02 am CET on 4 February
2015.
Fabege AB (publ) is one of Sweden’s leading property companies focusing mainly
on letting and managing office premises and property development. Fabege owns
properties with a carrying amount of SEK 32.6bn. The portfolio is concentrated
in the Stockholm region and has an annualised rental value of SEK 2.2bn and a
lettable area of 1m sqm. Fabege’s shares are listed on NASDAQ OMX Stockholm,
Large Cap segment.