18.02.2015 08:06:00
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Platzer Fastigheter Holding AB (publ): Revaluations of Development Projects Boost Platzer Results
Regulatory News:
Platzer Fastigheter Holding AB (STO:FABGA):
· Rental income increased to SEK 525 m (464)
· Profits from property management improved by 27% to SEK 211 m
· Profit for the year amounted to SEK 298 m (294)
· Property value increased to SEK 8,343 m (6,913)
· Equity per share amounted to SEK 30.98 (28.47)
· Earnings per share amounted to SEK 3.11 (3.82)
· The Board proposes a dividend of SEK 0.75 per share (0.60), an increase of 25%
Platzer CEO, P-G Persson, comments:
"Platzer's business operations continued to perform strongly during the year. Well managed development projects, good property acquisitions, improvements in our day-to-day operations and a favourable interest rate environment meant that both profits from properties under management and property values rose substantially by 27% and 21%, respectively. More rewarding, a solid 70% of the revaluations have been generated through our own work.”
"Our first full year as a listed company has been far better than I personally had dared to hope. The combination of our own stronger performance and a positive market climate during the year made 2014 the best year in my time as CEO of Platzer.”
Platzer Fastigheter Holding AB (publ)
The information is of such a nature that Platzer must publish it in accordance with the Securities Market Act and/or Financial Instruments Trading Act. The information was submitted for publication on Wednesday 18 Feb at 08:00 am.
Platzer Fastigheter Holding AB (publ) owns and developes commercial properties in the Gothenburg area with a total leasable area of approximately 415,000 m2 with a value of approximately SEK 8 billion. Platzers shares are listed on Nasdaq OMX Stockholm, Mid Cap.
This information was brought to you by Cision http://news.cision.com
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