· Rental income increased to SEK 1,545m (1,389). The year-on-year change resulted from growth through positive net lettings and completed projects. · Realised and unrealised value changes amounted to SEK 717m (1,210) for properties and SEK 463m (-133) for fixed-income derivatives. · Profit from property management increased 6 per cent to SEK 462m (436). · Profit before tax for the period amounted to SEK 1,750m (1,492). Profit after tax for the period totalled SEK 1,451m (-708), corresponding to SEK 8.79 per share (- 4.36). Profit in the year-earlier period was charged with a provision of SEK 1,900m pertaining to ongoing tax cases. · Net lettings for the period amounted to SEK 32m (146). · The Administrative Court of Appeal issued rulings in a number of Fabege’s tax cases. Fabege is currently standing by its previous decision to reserve SEK 1.9bn. “Fabege is now creating growth through value-generating investments in the company’s project portfolio and via value increases in the property management portfolio, primarily due to the signing of leases and higher rents. Although the rental market in Stockholm is stable, the processes are often protracted and we have still not completed a number of the attractive processes we have under way. However, we have time on our side and project properties that will attract attention in a number of ways due to, for example, prime locations, modern flexible floor space and an advanced service concept,” says Christian Hermelin, CEO of Fabege. Fabege AB (publ) For further information, please contact: Christian Hermelin, CEO, phone 46 (0)8-555 148 25, 46 (0)733-87 18 25 Åsa Bergström, Deputy CEO and CFO, phone 46 (0)8-555 148 29, 46 (0)70-666 13 80 This constitutes information that Fabege AB (publ) may be legally obliged to publish under the Securities Market Act and/or the Financial Instruments Trading Act. The information was released for publication at 08:00 am CET on 16 October 2013. Fabege AB (publ) is one of Sweden’s leading property companies focusing mainly on letting and managing office premises and property development. Fabege owns properties with a carrying amount of SEK 32.8bn. The portfolio is concentrated in the Stockholm region and has an annualised rental value of SEK 2.3bn and a lettable area of 1.1m sqm. Fabege’s shares are listed on Nasdaq OMX Stockholm, Large Cap segment.
Interim report Jan-Sep 2013 – Higher income and improved
Top 10 Most Recent News Articles
Celebrate National Service Dog Month with Canine Companions
A Month to Celebrate Unseen Heroes Take a pause. We're talking about National Service Dog Month. What in the world could be more endearing than a pack of puppies, those hopeful bundles of joy, destined to grow up and play pivotal roles in people's lives? Canine Companions is rolling out the red carpet for these future heroes, with a nine-day Puppy Cam event from September...
Continue Reading
Digital Wine Atlas Maps 4.3 Million Vineyards Globally
Revolutionizing Viticulture with Data In today's wild world, climate change isn't just shifting weather patterns—it's upending the age-old map of wine-making regions. We've got a new player on the field: the World Winery Map. It's digital, massive, and it’s shaking things up for winemakers and grape enthusiasts alike. This platform covers a staggering 4.3 million...
Continue Reading
Wounded Warrior Project Honors Veterans at Gala Dinner
Wounded Warriors Gala: A Night of Heroic Honors In the swirling hum of Washington's gala scene, the Wounded Warrior Project (WWP) cuts through the noise with a sharp and poignant reminder of patriotism and community support. Their Courage Awards & Benefit Dinner®, pumped with the gravitas of corporate backing from the likes of Goldman Sachs, showcased a heartfelt...
Continue Reading
AI Agents Challenge Product Governance Models
AI's Increasing Role: A Double-Edged Sword for Leaders Hey, the tech overlords remind us once again—the future doesn't wait for anyone to catch up before it bulldozes forward. Info-Tech Research Group has sounded the alarm on AI agents muscling their way into product decisions without any clear nod from the human corner office. Blurring Lines of Accountability The...
Continue Reading
DAHON's Tech: Crafting Folders That Ride Like Road Bikes
The Folding Bike Revolution: More Than Just a Fad You've seen them zipping around—those compact, folding bikes. They're not just for urban commuters looking to save space. Oh no, this is a full-blown cycling revolution we're talking about. DAHON, a name that's been rolling since 1982, has been riding these waves and making strides that others can only dream of. While...
Continue Reading
Portland Craft Chocolate Fest: Oct. Flavor Fiesta
If you're a chocolate lover residing in or around the Portland area, you're in for a treat. The Portland Craft Chocolate Festival is back, running from October 2-4. This festival is not just any community event; it's going to be a massive chocolate bonanza featuring over 45 local chocolate artisans, bakers, and confectioners. And let me tell you, this year they’re...
Continue Reading
No Dogs Left Behind Marks Decade of Life-Saving Work
A Decade of Dedication Some stories out there bring a much-needed shine to the otherwise relentless grind, and this is one of those rare gems. No Dogs Left Behind (NDLB) is celebrating a monumental milestone: ten years into their mission, they've crossed the incredible threshold of saving over 10,000 dogs from the clutches of slaughterhouses in East Asia. The nonprofit...
Continue Reading
Debt Crisis Looms: Social Security at Risk
Debt Reality: A National Concern with Global Implications When it comes to the U.S. federal debt situation, the latest report from the National Seniors Policy Center is lighting a fire like no other, warning us that we're not crying wolf here. We've got fiscal numbers that may not sit well at breakfast. With roughly 67 cents of every new buck Uncle Sam borrows going to...
Continue Reading
Arizona Voters Demand Clear Plans for 2026 Election
A Shift in Voter Expectations: Clear Actions Needed Arizona voters have spoken, and they aren't looking for the same old political song and dance anymore. They crave something meatier—action, not just words. Heading into the 2026 general election, folks in the Grand Canyon State are demanding concrete solutions and straightforward answers from those who seek to lead...
Continue Reading
Fly High: Encouraging Girls to Soar into Aviation
The Sky's Not the Limit—It's Just the Beginning Step aside, conventional paths. There's a flight school owner in Sedona, Arizona, making waves by encouraging girls to swap their land-bound dreams for sky-high aspirations. This International Girls in Aviation Day, Michelle Smith wants young dreamers to know their possibilities span as wide as the open sky. Defying...
Continue ReadingTop 5 Most Recently Viewed Articles
DJT Stock Surges Amid Trump’s Rallying Election Hope
DJT stock soared as investors bet on Trump's rising chances in the election, peaking at a wild 9% uptick. Yeah, folks were buzzing—could this be a genuine play or just another flash in the pan? But let’s break down what really happened back then. Market Dynamics: Trump’s Odds vs. Reality Back in that chaotic period, both domestic and international betting markets...
Continue Reading
Maritime Power Shake-Up: Deployable Energy's Big Nuclear Move
It’s not every day you find two companies shaking up the whole maritime energy scene, but that's what Deployable Energy and Hornbeck Offshore are gunning to do. They've just inked a Memorandum of Understanding to launch Deployable Energy's Unity Nuclear Battery across five major maritime markets. We're talking about some ambitious moves that could transform not just...
Continue Reading
Class Action Filed Against ESSA Pharma - What Investors Need to Know
Class Action Lawsuit Against ESSA Pharma Inc. Pomerantz LLP has recently announced that a class action lawsuit has been initiated against ESSA Pharma Inc. (NASDAQ: EPIX) along with certain appointed officers of the company. The lawsuit is filed in the United States District Court and claims that the defendants violated federal securities laws, affecting many investors who...
Continue Reading
Exciting Highlights from the Spectacular Golden Melody Awards
Stunning Performances Shine at the Golden Melody Awards The Golden Melody Awards, a prestigious celebration of Mandarin pop music, recently held its breathtaking ceremony. This event, celebrated as the "Grammy Awards of Mandopop," saw remarkable achievements and unforgettable performances that left attendees in awe. Trout Fresh: A Breakthrough Victory Hip-hop artist Trout...
Continue Reading
Euhomy Revolutionizes Home Entertaining at Major Culinary Event
Innovation Meets Culinary Excellence at the Festival Compact and crystal-clear, Euhomy ice makers continue to redefine the food and beverage landscape. As the go-to choice for those who love to host, these innovative appliances have been stealing the show at events across the country. Transforming the Beverage Experience At a recent culinary celebration, Euhomy showcased...
Continue Reading