Northern Logistic Property ASA : First quarter results 2012
(Thomson Reuters ONE) -
(Oslo, 10 May 2012)
Today Northern Logistic Property ASA presents their first quarter results for
2012.
Quarterly highlights:
* Considerably improved net operating income of SEK 111,4 million (102,2)
* Significantly improved EBVAT of SEK 56,0 million (41,1)
* Strengthened cash flow from operations of SEK 55 million (40)
* Significantly lower maintenance and other property expenses of SEK 10,7
million (13,8)
* One year extension of the rental agreement regarding approximately 47 000
sqm for the property in Denmark.
CEO Peter Strand says in a comment: "The first quarters result is very strong.
It is satisfying that we have succeeded with both increasing our revenue and
decreasing our maintenance and other property expenses. Our second new-building
project, in Helsingborg for Green Cargo, runs according to plan and planned
occupancy is 1(st) of December 2012. We have succeeded to extend our rental
agreement with DSV in Denmark for another year until September 2014, which feels
very good. Our loan to value continues to fall through amortizations. This means
that we will be in a better position in the refinancing discussions we now are
having."
Material
The quarterly report and the presentation material will be available at
www.nlpfastigheter.se and www.newsweb.no before the presentation.
Presentation
Northern Logistic Property ASA is publishing quarterly result for its first
quarter 2012 today, 10 May 2012. In connection with this, the company will give
a presentation at Felix Konferenscenter, Aker Brygge, Oslo 08:30 CET.
Peter Strand, CEO, and Tommy Åstrand, CFO, will represent the company.
Webcast
The presentation will also be broadcasted live on the company's investor
website: www.nlpfastigheter.se. Questions to the management can be sent online
from the webcast during the presentation. A recorded version of the presentation
will also be available on www.nlpfastigheter.se after the broadcast has
concluded. The presentation will be held in Swedish.
For further information
Peter Strand, CEO: +46 705 88 1661, e-post: peter.strand(at)nlpfastigheter.se
Tommy Åstrand, CFO: +46 705 45 5997, e-post: tommy.astrand(at)nlpfastigheter.se
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
About Northern Logistic Property ASA
Northern Logistic Property ASA (NLP) is a leading pure-play logistic property
company based in the Nordic region. The portfolio consists of 20 advanced
logistic properties located in strategic locations relative to major logistics
flows, with a total lettable area of 711 365 square meters. It is the only
listed company of its sort in the Nordic countries.
NLP delivers stable and increasing revenue and cash flow from rental income,
driven by an attractive lease structure with solid tenants.
Q1 Report:
http://hugin.info/137677/R/1610583/511948.pdf
Q1 Presentation:
http://hugin.info/137677/R/1610583/511949.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Northern Logistic Property ASA via Thomson Reuters ONE
[HUG#1610583]
Unternehmensinformation / Kurzprofil:
Datum: 10.05.2012 - 08:01 Uhr
Sprache: Deutsch
News-ID 144883
Anzahl Zeichen: 4000
contact information:
Kategorie:
Business News
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