RNS Number:7074H
Akademiska Hus AB
19 February 2003

AKADEMISKA HUS AB (Publ)
Registration no. 556459-9156

Akademiska Hus is a state-owned property group, which offers and develops
attractive study and research environments for use by universities and colleges.
The Group owns and manages around 3,2 million square metres of floor space. The
book value of the properties at the year-end was SEK 23,778 million,
construction in progress and conversion projects amounted to SEK 1,251 million
and total assets amounted to SEK 27,737 million.

Extract from the 
2002 ANNUAL REPORT

The Group's rental income totalled SEK. 4,199 million (3,939). 
The operating profit was SEK 1,604 million (1,651). 
The pre-tax profit for the year was SEK 688 million (787).


The Group's net investments during the year amounted to SEK 1,743 million. Net 
investments consist mainly of new construction and conversion.

The Group's net financial income and expense for the period totalled SEK -917 
million (-864).

The average financing cost for the average capital sum of interest-bearing 
liabilities was 5.55% (5.6). The average fixed interest term was 3.4 years 
(2.3).

Since 1996, the Company has had an unchanged long-term rating from Standard and 
Poor's of AA with a stable outlook, and a short-term rating of Al+/Kl


KEY FIGURES (%)


                                              2002   2001    2000   1999   1998

Direct yield, %                               10.9   11.4    11.4   11.4   11.9
Return on equity after standard tax            6.9    8.4     8.6    8.5    8.0
Return on total assets                         6.0    6.7     6.6    6.6    7.2
Equity ratio                                  26.1   25.9    27.4   27.8   32.0
Internal financing                            84.6   53.2    72.6   38.5   59.3
EBITDA net interest coverage                          2.9     2.9    3.1    3.0
EBIT net interest coverage                            1.9     2.0    2.2    2.1

The complete Annual Report will be published on March 20, 2003.


AKADEMISKA HUS AB - GROUP

Income statement - summary
Amounts in SEK m                                                  2002      2001
                                                    
Rental income                                                    4,199     3,939
Other property management income                                    41        37
Property management expenses                                    -1,701    -1,515

Net operating profit                                             2,539     2,461
Property management depreciation                                  -993      -822

Gross profit                                                     1,546     1,640
Central administration expenses                                    -24       -23
Other property management income                                   120        81
Other operating income                                             -39       -46

Operating profit                                                 1,604     1,651
Net financial income/expense                                      -917      -864

Profit before taxes                                                687       787
Taxes                                                             -192      -220

Net profit for the year                                            495       567


 
Balance sheet - summary
Amounts in SEK m
                                                          31-12-2002  31-12-2001
Assets          
Managed properties                                            23,778      22,625
Construction in progress                                       1,251       1,594
Other fixed assets                                               235         165
Current assets                                                 2,473       2,775
Total assets                                                  27,737      27,159
                                                    
Equity and liabilities
Equity                                                         7,249       7,024
Provisions                                                       817         709
Interest-bearing liabilities                                  17,390      17,267
Non-interest-bearing liabilities                               2,282       2,160
Total equity and liabilities                                  27,737      27,159




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
MSCSFUFDUSDSELE