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Year-end Report 2011

Report 2/10/2012 8:00 AM

Positive earnings trend – continued cautious demand


· According to segment reporting, revenues increased to SEK 12,217m (9,274), operating profit to SEK 1,544m (969) and operating margin to 12.6 percent (10.4)
· Restated according to IFRIC 15, revenues increased to SEK 12,001m (9,136) and operating profit to SEK 1,513m (907)
· Profit before tax improved to SEK 1,463m (840). Profit after tax improved to SEK 1,042m (594)
· Return on equity for the past twelve months rose to 24.5 percent (15.7). Earnings per share during the year amounted to SEK 12.50 (7.10)
· Consolidated cash flow including net investment in properties was SEK 733m (42)
· Number of sold residential units was 3,112 (3,276) and housing starts increased to 3,629
(3,404)
· Surplus values development properties SEK 2.4bn (2.6)
· The Board of Directors proposes a dividend of SEK 6.50 (4.50) for 2011, as well as a buyback authorization.