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Year-end report 2004

Report 2/23/2005 2:59 PM

Housing sales reach record levels -number of sold residential units rose sharply to 4,315 (3,189)

- Net sales increased by 8% to SEK 8,414m (7,787) due to production starts for a
large number of residential projects during the year
- Profit after financial items doubled to SEK 516m (267) due to a generally
favourable market for housing and completion of efficiency enhancements. Profit
after tax for the year increased to SEK 376m (187)
- Property sales of SEK 1,018m (2,219) provided capital gains of SEK 164m (411)
- Return on equity increased to 11% (6). Earnings per share amounted to SEK 13
- The interest-bearing net debt decreased by SEK 2 billion to SEK 0.6 billion. The
Group’s cash flows improved substantially and amounted to SEK 2.2 billion
- The Board of Directors proposes a dividend of SEK 7 per share (5) as well as
distribution of approximately SEK 1.0 billion through redemption of shares
corresponding to a total of approximately SEK 43 per existing share