Tribona AB (publ): Year-End Report 2013 Lund, Sweden,

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Tribona AB (publ): Year-End Report 2013

Lund, Sweden, 2014-01-30 08:00 CET (GLOBE NEWSWIRE) --  

Today Tribona releases its financial results for Q4 and full year results 2013.

Highlights 2013:

·      Rental income in the quarter of SEK 103,0m (122,7) and full year SEK 467,9m (489,1)

·      Net rental income in the quarter of SEK 85,7m (109,6) and full year SEK 409,7m (438,0)

·      Cash flow from operations of SEK 26,0m (58,1) and full year SEK 169,1m (225,0)

·      Earnings per share in the quarter of SEK 0,2 (1,7) and full year SEK 2,4 (5,2)

·      Refinanced the entire loan portfolio 15 February

·      Lowered loan to value from 67,9% to 63,4%

·      Sold the property Kolven for SEK 931m which was submitted 15 August, and extended several lease contracts with ICA in connection with this

·      Acquired three properties with a property value of SEK 255m externally financed by Handelsbanken

Highlights after end of period:

·      The Board has proposed a dividend of SEK 0,50 per share

CEO Per Johansson says in a comment: ”We started the growth journey in the fourth quarter when acquiring three properties, after selling one of our larger properties earlier during the year. I look forward to an exciting and developing 2014 for Tribona. Focus in 2014 will be customer care, increased occupancy and growth”

Material Year-End Report and presentation will be available on investors.tribona.se before the presentation.

Presentation Tribona AB releases its financial results for Q4 and full year results 2013 today, 30 January 2014. In connection with this, the Company will hold a presentation via audiocast 08:30 CET on the Company’s website, investors.tribona.se

Per Johansson, CEO and Tommy Åstrand, CFO will represent the Company.

To ask questions during the presentation, call one of the following numbers, depending on which country you are in.

Sweden +46 (0)8 505 564 74 Norway + 47 235 00 210 England +44 203 364 5374 USA +1 855 753 2230

The presentation will be held in Swedish.

For further information Per Johansson, CEO: +46 708 17 1363, e-mail: per.johansson@tribona.se Tommy Åstrand, CFO: +46 705 45 5997, e-mail: tommy.astrand@tribona.se

This information is such that Tribona AB (publ.) is obliged to disclose under the Securities Market Act and/or the Financial Instruments Trading Act. The information was made available for publication on 30 January 2014, 08:00 CEST.

About Tribona Tribona AB (publ) is Sweden's largest pure-play logistic property company. The property portfolio consists of modern and strategically located logistic properties, 21 in Sweden and one in Denmark, with a total lettable area of about 711 000 square meters. For more information, please visit www.tribona.se

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