Steen & Strøm is an assertive, professional, business-oriented and profitable owner, developer and commercial operator of leading shopping centres located in attractive areas of trade in Scandinavia.
We are responsible for the operation of 44 shopping centres
which have a combined retail turnover of more than NOK 35 billion.
Operating income: EUR 322,3 mill.
Operating result: EUR 37,4 mill.
Profit before tax: EUR -38,0 mill.
Book equity: EUR 908,0 mill.
Steen & Strøm occupies a strong position in Norway. The shopping centers had operating revenues of 662.6 million kroner in 2008 (594.5 million kroner). The 17 centres account for an annual turnover of about NOK 13 billion.
Rental income for the 3 wholly-owned centers amounted to 350.4 million kroner (292.6 million kroner). Steen & Strøm manages 14 centres for Danica. Operating profits from commercial management operations at Steen & Strøm Denmark amounted to 10.6 million kroner (32.2 million kroner). Altogether the 17 centres account for an annual turnover of about DKK 16 billion.
In Sweden Steen & Strøm owns 9 centres with a total turnover of SEK 7,5 billion. Operating revenues at Swedish shopping centers amounted to 327.6 million kroner (327.2 million kroner).