In 2005, Fabege achieved its best result yet, as the profit after tax shot up by 93 per cent to SEK 2,666m, Erik Paulsson, Fabeges CEO, comments.
Turnover in the property portfolio was high, totalling SEK 17 bln, of which SEK 14 bln in sales. The large number of property transactions led to a further concentration of our property portfolio to a number of prioritised sub-markets in the region, Erik Paulsson continues.
Fabege is well prepared to meet the challenges and opportunities of 2006. With an efficient organisation and a strong property market the overall prospectus of a continued positive development are good.
- Profit after tax increased to SEK 2,666m (1,384) and earnings per share after dilution to SEK 27.50 (19.02)
- Rental income grew to SEK 2,778m (2,169)
- Equity/assets ratio increased to 41 per cent (30)
- The Board proposes a dividend of SEK 7.50 per share (6.50)
Source: Fabege
