Platzer Fastigheter Holding AB (publ): Platzer reports most successful year thanks to focus on Gothenburg

STOCKHOLM--()--Regulatory News:

· Rental income increased to SEK 589 million (525)

· Income from property management improved by 26% to SEK 266 million

· Profit for the period amounted to SEK 664 million (298)

· Property portfolio increased in value to SEK 9,784 million (8,343)

· Equity per share totalled SEK 37.05 (30.98)

· Earnings per share amounted to SEK 6.81 (3.11)

· The Board of Directors proposes a dividend of SEK 1.00/share (0.75), an increase of SEK 33%

· Gamlestadens Fabriker was acquired at a cost of SEK 750 million

· The new construction project Gårda 3:14 was completed

Platzer’s CEO P-G Persson said:

· “2015 was the company's most successful year. Income from property management increased by 26%. We comfortably achieved our long-term financial targets. Profitable property transactions, a high pace in lettings and successful project development, together with lower interest rates and falling yield requirements, were the primary drivers behind the positive result.”

· “Our property portfolio has grown over the years as we have acquired and developed properties in selected growth areas in Gothenburg. At the same time, we have successively built an organisation with a high level of competence in real estate, which has enabled us to more than double our property assets in the last four years and increase our net asset value per share by 60%. We will continue to play an ever more active part in both the early stages of urban development and the management phase of selected areas. We are 100% focused on the Gothenburg area and I am convinced that it is this local focus that will enable us to continue to deliver good results in coming years.”

Platzer Fastigheter Holding AB (publ)

The information in this press release is information that Platzer Fastigheter Holding AB (publ) is legally obliged to disclose in accordance with the Swedish Securities Market Act and/or Swedish Financial Instruments Trading Act. The information was released for publication at 08:00 on 11 February 2016.

Platzer Fastigheter Holding AB (publ) owns and develops commercial properties in the Gothenburg area comprising a total lettable area of around 465,000 sq m and with a value of around SEK 10 billion. Platzer is listed on NASDAQ OMX Stockholm, Mid Cap.

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Contacts

Platzer Fastigheter
P-G Persson, CEO
Tel: +46 (0)734 11 12 22
or
Lennart Ekelund, CFO
Tel: +46 (0)734 98 47 87

Contacts

Platzer Fastigheter
P-G Persson, CEO
Tel: +46 (0)734 11 12 22
or
Lennart Ekelund, CFO
Tel: +46 (0)734 98 47 87