Wihlborgs improved result by 43% to over SEK 1 billion

Wihlborgs improved result by 43% to over SEK 1 billion Year end report 2002 · The profit after financial items increased by 43% to SEK 1,010 million (704) · Equity/assets ratio improved to 27.3% (23.3) · Proposed dividend of SEK 4.50 (4.00) + distribution of the shares in Klövern Wihlborgs' profit after financial items increased by 43% to SEK 1,010 million (704). EPS after tax increased to SEK 15.55 (8.46). The profit includes gains from property sales amounting to SEK 606 million (386). "A profit of over SEK 1 billion means that during 2002 we had our hitherto best result," comments Erik Paulsson, president and CEO of Wihlborgs Fastigheter AB. "Despite a weaker market we have succeeded in maintaining a high business tempo, resulting in many deals and an unchanged degree of vacancy for our property stock during 2002 ," Erik Paulsson continues. "With improved equity/assets ratio, an even more efficient organisation and a continued high level of activity, I assess that 2003 will also be a good year with a good result for Wihlborgs." Appendix: Year end report 2002 For further information: Erik Paulsson, president and CEO, tel +46 (0)8-555 148 18, +46 (0)733-87 18 18 Olle Knaust, executive vice president, tel +46 (0)8-555 148 10, +46(0)733-87 18 10 Mats Berg, communications director, 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/2003/02/04/20030204BIT00550/wkr0001.doc The Full Report http://www.waymaker.net/bitonline/2003/02/04/20030204BIT00550/wkr0002.pdf The Full Report