INTERIM REPORT JANUARY – MARCH, 2010

Catena reported a significant improvement in income from property management

• Rental revenue during the period totaled SEK 51.7m (49.6).

• Income from property management amounted to SEK 33.9m (25.2), or SEK 2.93 per share (2.18).

• Profit before tax for the period was SEK 78.9m (29.9).

• Profit after tax for the period amounted to SEK 124.8m (24.2), or SEK 10.79 per share (2.09).

• Realized change in value included in profit before tax amounted to SEK 39.6m (2.6)

• Unrealized change in value amounted to a profit of SEK 5.4m (profit: 2.1), for which property accounts for a profit of SEK 4.6m (profit: 11.4) and derivatives for a profit of SEK 0.8m (loss: 9.3).

• Investments in existing portfolio amounted to SEK 1m (23) during the period.



Peter Hallgren, President and CEO:

• The successful leasing and low financial expenses are now yielding results in the form of a significant improvement in income from property management. The improvement is up 34.5 percent compared with the year-earlier period. This result was achieved despite approximately SEK 2.4m being charged against profit due to the extreme winter weather.

• The realized change in value resulting from the sale of the properties in Norway was about SEK 39.6m. Final settlement will take place in May/June 2010. The transaction strengthened Catena with the equity/assets ratio rising to 42.7 percent.

• With its strengthened financial position, Catena will continue to develop and improve its existing portfolio at the same time as acquisitions will be continuously evaluated.

• The sale of the property on Jagtvej in Copenhagen will be reported in the second quarter of 2010.


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


N.B. This is a translation from Swedish. The Swedish version shall always take precedence.

The full report