Steen & Strøm achived growth in retail sales at its shopping centers in 2008, in addition to growth in rental income. On the other hand, write down of project values and higher financial expences decreased profits. The group had a negative pre-tax profit in 2008 of -207.6 million kroner (1556.2 million kroner).

Steen & Strøm invested 3215.3 million kroner in 2008, mainly in projects on existing shopping centers. Book value of assets amounted to 26.5 billion kroner as of 31.12.2008, while group net interestbearing debts at that time amounted to 14.6 billion kroner. The book equity ratio amounted to 29.4 %.

See the Annual Report (pdf).