Castellum AB Reports Consolidated and Parent Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
January 19, 2017 at 05:40 pm IST
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Castellum AB (publ) reported consolidated and parent earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, on consolidated basis, the company reported net operating income of SEK 860 million against SEK 550 million a year ago. Income before tax was SEK 2,513 million against SEK 1,564 million a year ago. Net income for the period was SEK 2,481 million against SEK 1,260 million a year ago. Total net income to the Shareholders in the parent company for the period was SEK 2,490 million against SEK 1,254 million a year ago. Income per share was SEK 9.08 against 6.67 a year ago. Cash flow from operating activities was SEK 597 million against SEK 240 million a year ago. Property acquisitions were SEK 478 million against SEK 477 million a year ago. Return on equity was 37.1% against 34.7% a year ago. Return on actual net asset value was 37.4% against 33.2% a year ago.
For the full year, on consolidated basis, the company reported net operating income of SEK 3,036 million against SEK 2,225 million a year ago. Income before tax was SEK 5,722 million against SEK 3,584 million a year ago. Net income for the period was SEK 4,972 million against SEK 2,881 million a year ago. Total net income to the Shareholders in the parent company for the period was SEK 4,978 million against SEK 2,873 million a year ago. Income, per share was SEK 21.20 against 15.24 a year ago. Cash flow from operating activities was SEK 2,260 million against SEK 1,507 million a year ago. Property acquisitions were SEK 874 million against SEK 2,321 million a year ago. Return on equity was 20.1% against 21.7% a year ago. Return on actual net asset value was 20.9% against 20.4% a year ago.
For the quarter, on parent basis, the company reported income of SEK 9 million against SEK 7 million a year ago. Income before tax was SEK 2,174 million against SEK 966 million a year ago. Net income for the period was SEK 2,043 million against SEK 891 million a year ago.
For the full year, on parent basis, the company reported income of SEK 23 million against SEK 21 million a year ago. Income before tax was SEK 4,660 million against SEK 971 million a year ago. Net income for the period was SEK 4,594 million against SEK 895 million a year ago.
Castellum AB is a Sweden-based company active within the real estate sector. The Company is engaged in the acquisition, ownership, management and development of property on a long-term basis. The property portfolio of Castellum AB comprises commercial real estate, including offices, public sector properties, warehouses and logistics properties, retail properties and light industry properties, covering approximately 4.3 million square meters of total leasable area. The Company is also involved in the coworking and shared office space sector. Castellum AB operates in approximately 20 cities across Sweden, as well as in Copenhagen, Denmark and Helsinki, Finland.
CASTELLUM AB 
