(update: addition of last three paragraphs)

The real estate and investment company Lundbergs reports a net asset value of SEK 565 per share on March 31. This can be compared with SEK 555 at the end of the year and SEK 576 at the same time last year. On May 23, the net asset value was SEK 557 per share.

Net sales rose 3.6 percent to SEK 8,271 million (7,982).

Operating profit amounted to SEK 4,324 million (5,002).

This includes changes in the value of investment properties and derivatives of SEK -31 million (-1,071) and changes in the value of biological assets of SEK 238 million (174).

Profit before tax was SEK 4,180 million (4,863).

Profit after tax amounted to SEK 3,690 million (4,608), a decrease of 19.9 percent compared with the previous year.

Earnings per share amounted to SEK 12.71 (17.44), which represents a decrease of 27.1 percent compared with the previous year.

Lundbergs invested SEK 0 million (506) in listed shares during the first quarter.

During April and May, shares in Handelsbanken were acquired for SEK 127 million, Husqvarna for SEK 49 million, Industrivärden for SEK 371 million, Indutrade for SEK 42 million, and Sandvik for SEK 303 million. The transactions have previously been reported to the Swedish Financial Supervisory Authority's insider register.

A total of SEK 101 million (131) was invested in real estate operations in the first quarter.

Lundbergs, SEK millionQ1 Q1 Change
Net sales 8,271 7,982 3
Operating 4,324 5,002 -
Profit before tax 4,180 4,863 -
Net profit 3,690 4,608 -19.9
Earnings per share, SEK 12.71 17.44 -
Net asset value per share, SEK 565 576 -