INTERIM REPORT JANUARY – SEPTEMBER, 2007

Catena continues to show strong growth in earnings

• Rental revenue during the period totaled SEK 133.7 M (131.8 for the corresponding period in 2006).
• Income from property management for the period amounted to SEK 54.8 M (70.8), or SEK 4.74 per share (6.12).
• Profit before tax for the period was SEK 226.6 M (195.1).
• Profit after tax for the period amounted to SEK 178.2 M (143.4) or SEK 15.41 per share (12.40).
• Sales of properties resulted in a realized change in value of SEK 37.7 M (-).
• Investments in the existing portfolio of about SEK 115 M were decided during the period.
• Acquisitions of properties totaling SEK 24 M were made.
• An Extraordinary General Meeting of the shareholders will be held on October 25, 2007 to elect a partially new Board of Directors.


Peter Hallgren, President and CEO:

“Catena’s performance continues to meet our expectations. Profit for the period after tax rose by 24% to SEK 178 M. The value of the existing real estate portfolio continues to grow and the change in the first nine months of the year was SEK 132 M, of which SEK 38 M pertains to the third quarter. This increase in value is an effect of reduced required returns for some properties, continued investment and new leases, which have a value-increasing effect.

“The lower income from property management is primarily attributable to exchange-rate fluctuations, mainly due to the strengthening of the Norwegian krona. However, currency changes had a positive effect on the translation reserve in shareholders’ equity.

“We continue our work on developing and improving our existing properties. Our strategy also includes acquiring property and land with development potential. A weaker market situation and financial concern can increase the opportunities for such acquisitions. Catena is well prepared for a potential market change.”


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


This is price-sensitive information which has been sent to Finansinspektionen.



The interim report can be downloaded from www.catenafastigheter.se.

The full report