Wihlborgs improved result by 12% to SEK 418 million

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Wihlborgs improved result by 12% to SEK 418 million Interim report January-June 2002 · The profit after financial items increased to SEK 418 million (373) · Klara Zenit, 65,000 sq.m. in total, fully let Wihlborgs' profit after financial income and expense increased by 12% to SEK 418 million. EPS after tax totalled SEK 4.75 (4.28). The profit includes gains from property sales amounting to SEK 225 million (222). "We have experienced stable development of our property stock, in line with the plans we made," the CEO Erik Paulsson comments. "For example, our biggest project property, Klara Zenit in central Stockholm, is now fully let." "Despite a weaker rental market in certain submarkets, the total degree of vacancy for Wihlborgs' property stock remained unchanged compared with the previous quarter," Erik Paulsson continues. "The sale to Klövern of our stock in non-prioritised locations means that the concentration on our main markets Stockholm and Öresund has now been implemented. We can thus put all our energy into refining the property stock and further rationalise the administration of these prioritised markets." Appendix: Interim report January-June 2002 For further information: Erik Paulsson, CEO, tel +46 (0)8-555 148 18, +46 (0)733-87 18 18 Olle Knaust, deputy CEO, tel +46 (0)8-555 148 10, +46 (0)733-87 18 10 Mats Berg, communications manager, tel +46 (0)8-555 148 20, +46 (0)733- 87 18 20 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/08/08/20020808BIT00150/wkr0001.doc The Full Report http://www.waymaker.net/bitonline/2002/08/08/20020808BIT00150/wkr0002.pdf The Full Report