Year end report 2003

Year end report 2003 Year end report 2003 - Rental income decreased to SEK 1,994m (2,282) due to sales of properties - Profit after tax decreased to SEK 718m (979), equivalent to SEK 11.66 (15.55) per share - The liquidity from the operations amounted to 3,407m (1,984) - Equity/assets ratio increased to 31.4 per cent (27.3) - Net asset value per share increased to SEK 116 (109.50) - Write-downs totalling SEK 205m have been made for some ten properties, mainly in the Stockholm region - Proposed dividend: SEK 6.00 (4.50) per share Wihlborgs' profit after financial items amounted to SEK 826 million (1,010). The profit includes gains from property sales amounting to SEK 740 million (606). "I see great opportunities in the current market situation, not least in the Stockholm region. With a well-honed administration and an experienced and skilled project department, Wihlborgs can take on new challenges in 2004," says Erik Paulsson, president and CEO of Wihlborgs Fastigheter AB. "Wihlborgs in 2004 is strong and focused on the principal markets of Stockholm and Öresund. The equity/assets ratio target of 30 per cent was surpassed last year. I anticipate that 2004 will be a good year for Wihlborgs," Paulsson continues. Appendix: Year end report 2003 For further information: Erik Paulsson, president and CEO, tel +46 (0)8-555 148 18, +46 (0)733-87 18 18 Olle Knaust, CFO, tel +46 (0)8-555 148 10, +46 (0)733-87 18 10 Wihlborgs Fastigheter AB (publ) is one of Sweden's biggest real-estate companies, with real estate to a book value of SEK 19.4 billion. The real estate, which is concentrated on the Stockholm and Öresund regions, has a rental value on a twelve-month basis totalling SEK 2.1 billion, and a rentable area of 2 million square metres. The company has offices in Stockholm, Malmö, Copenhagen and Helsingborg. Wihlborgs' shares are listed on Attract40 on the Stockholm Stock Exchange's O-list. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/02/05/20040205BIT20420/wkr0002.pdf The full report