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Interim Report January - September 2011

Report 10/28/2011 8:00 AM

High level of housing starts - somewhat lower rate of sales

- According to segment reporting revenues increased to SEK 8,547m (6,342), operating profit to SEK 1,047m (572) and operating margin to 12.2 percent (9.0)

- Restated according to IFRIC 15 revenues amounted to SEK 8,299m (6,061) and operating profit totaled SEK 1,013m (525)

- Profit before tax totaled SEK 974m (496). Profit after tax improved to SEK 695m (329)

- Return on equity for the past twelve months rose to 24.2 percent (14.9). Earnings per share during the nine-month period amounted to SEK 8.30 (3.90)

- Consolidated cash flow including net investment in properties was SEK 173m (-263)

- Number of residential units sold increased to 2,366 (2,220) and housing starts increased to 2,856 (2,432)

- Major acquisitions in Stockholm and Oslo increased the portfolio to 28,000 residential building rights (26,700).