Year-end report 2017: New record year for Wihlborgs
- Rental income rose 12 percent to SEK 2,275 million (2,030)
- Operating surplus rose 13 percent to SEK 1,717 million (1,518)
- Income from property management rose 14 percent to SEK 1,179 million (1,035).
- Profit for the period totalled SEK 2,568 million (2,976), corresponding to earnings per share of SEK 33.41 (38.72)
- The Board of Directors proposes a dividend of SEK 6.25 (5.75) per share, and a two-for-one share split
“Wihlborgs has recorded healthy growth throughout 2017, and we finished with a strong fourth quarter. As planned, the acquisitions we made in Denmark in the third quarter have delivered well and, naturally, contributed to the healthy earnings but we also generated good growth in our existing operations,” says Anders Jarl, CEO of Wihlborgs Fastigheter
“We have noted strong demand and reported net lettings of plus SEK 90 million for the full year. In connection with the above, the value of our properties increased SEK 1,851 million during the year, of which SEK 400 million was attributable to our project activities.”
“Once again, the profit for the year confirms that we have the right strategy and focus, and that we should hold firm moving forward. Looking ahead to the 25 April general meeting, I have been proposed as the new Chairman of the Board, which is a prospect I look forward to greatly. I am also extremely pleased that the Board has proposed Ulrika Hallengren as the new CEO, and I am convinced that together, we can keep developing Wihlborgs successfully,” concludes Anders Jarl.
Wihlborgs Fastigheter AB (publ)
At 12:00 noon today, Anders Jarl, Arvid Liepe and Ulrika Hallengren will present the year-end report at Operaterrassen in Stockholm. The presentation can be followed by webcast or telephone +46 8 5664 2695 or +44 20 3008 9807 (UK). Link to webcast
This information is of such a kind that Wihlborgs Fastigheter AB (publ) is legally required to disclose pursuant to the EU’s Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication through the agency of the above contact people on 13 February 2018, at 7:30 a.m. CET.
For further information, please contact:
Anders Jarl, CEO, +46 (0)40 690 57 10
Arvid Liepe, CFO, +46 (0)40 690 57 31
Wihlborgs Fastigheter AB (publ) is a property company that focuses on commercial properties in the Öresund region. Its property portfolio is located in Malmö, Helsingborg, Lund and Copenhagen.
In Malmö, Lund and Helsingborg, Wihlborgs is the leading property company.
The book value of the company’s properties totals SEK 38,6 billion. The annual rental value of the properties is SEK 2.7 billion.
Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.