* Rental income for the period January-September 2012 amounted to SEKm 2,285 (SEKm 2,181 corresponding period previous year). * Income from property management amounted to SEKm 953 (889), corresponding to SEK 5.81 (5.42) per share, an increase with 7%. * The changes in value on properties amounted to SEKm 56 (436) and on interest rate derivatives to SEKm -83 (-365). * Net income after tax for the period amounted to SEKm 714 (719), corresponding to SEK 4.35 (4.38) per share. * Net investments amounted to SEKm 1,536 (1,066) of which SEKm 886 (775) were new constructions, extensions and reconstructions. * CEO Håkan Hellström will leave his position and retire at the next Annual General Meeting as at March 21, 2013.
Gross leasing (i.e. the annual value of total leasing) during the period was
SEKm 235 (246), of which SEKm 53 (41) were leasing of new constructions,
extensions and reconstructions. Notices of termination amounted to SEKm 192
(177), of which bankruptcies were SEKm 24 (15) and SEKm 17 (8) were notices of
termination with more than 18 months remaining length of contract. Hence net
leasing for the period was SEKm 43 (69) of which SEKm 30 (12) relates to the
third quarter isolated.
"The current picture shows a continued good demand for premises, despite clear
signs of a slowdown in the Swedish economy" comments CEO Håkan Hellström.
"Castellum is a strong company with high reputation, both as a player on the
Swedish property market as well as an investment alternative on the Swedish and
international capital markets. The company's strategy is based on financial
strength and a decentralized organization in combination with operational risk
diversification. The strategy was established in connection with the IPO 1997
and has since been consistently implemented and developed by three generations
of CEO's" says the Chairman of the Board Charlotte Strömberg.
"It has been fantastic to be involved all 18 years since Castellum was founded,
and as CEO the last 7 years. But I also feel that it is time to leave an
executive position and spend more time on other things than work-related issues"
comments CEO Håkan Hellström.
"I and the other members of the board would have liked to continue the
cooperation with Håkan as CEO and we are sorry to see him leave the company. We
thank Håkan for his valuable contribution to Castellum's development and at the
same time we also respect his will to leave the operational role. Until Håkan
leaves at the next AGM he and his management team has full support from the
board to continue implementing the strategy of the company. Castellum's
decentralized structure facilitates a smooth handover to a new CEO and
objectives and strategies will be implemented at the same pace as before, in
both long as well as short term" adds Charlotte Strömberg.
"The board now looks forward to complete the recruitment of Castellum's next CEO
and the process is expected to be completed well in time before the AGM"
concludes Charlotte Strömberg.
An election committee has been appointed in accordance to the Annual General
Meeting's decision. The election committee is formed by Maj-Charlotte Wallin
representing AFA Försäkring, Rutger van der Lubbe representing Stichting
Pensioenfonds ABP, Johan Strandberg representing SEB Fonder and the Chairman of
the Board Charlotte Strömberg. The election committee represents in total
approx. 14% of the capital and votes in the company.
Shareholders are welcome to address matters to the election committee at the
latest December 6, 2012 to Castellum AB, Att: Valberedningen, Box 2269, 403 14
Enclosure: Interim Report January-September 2012
For further information, please contact
Håkan Hellström, CEO, phone +46 31 60 74 00 / mobile +46 705-60 74 56
Ulrika Danielsson, Finance Director, phone +46 31 60 74 00 / mobile
+46 706-47 12 61
Charlotte Strömberg, Chairman of the Board, mobile +702-77 04 03
Castellum is one of the major listed real estate companies in Sweden. The fair
value of the real estate portfolio amounts to SEK 35 billion, and comprises
premises for office, retail, warehouse and industrial purposes with a total
lettable area of 3.4 million sq.m. The real estate portfolio is owned and
managed by six wholly owned subsidiaries with strong local roots in five growth
regions: Greater Gothenburg, the Öresund Region, Greater Stockholm, Mälardalen
and Eastern Götaland.
Castellum is listed on NASDAQ OMX Stockholm AB Large Cap.
Castellum AB (publ) discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Castellum AB (publ) via Thomson Reuters ONE