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Wallenstam’s interim report Jan–Sep, 2023: Good position in a turbulent global climate

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Hans Wallenstam, CEO, and Susann Linde, CFO and Head of Investor Relations, comment on the report at www.wallenstam.se/filmsandpresentations. The film will be released by 08.30 (CEST) at the latest. An audiocast in English with Susann Linde will take place at 09.00 (CEST) at www.financialhearings.com. The presentation is available at www.wallenstam.se/filmsandpresentations before 09.00 (CEST).

January 1–September 30, 2023

  • The equity/assets ratio amounted to 46 percent and the loan-to-value ratio was 46 percent.
  • Investment in construction of properties amounted to SEK 1,861 million (1,991).
  • On closing day, 1,163 apartments were under construction.
  • Rental income amounted to SEK 2,036 million (1,863).
  • Income from property management amounted to SEK 828 million (993).
  • Changes in value of investment properties amounted to SEK -810 million (374).
  • Changes in value of financial instruments amounted to SEK -12 million (1,723).
  • Profit before tax amounted to SEK 95 million (3,497) and profit after tax amounted to SEK 42 million (2,904), equivalent to SEK 0.1 per share (4.4).
  • Net asset value per share amounted to SEK 57.20 (61.50).

July 1–September 30, 2023

  • Rental income amounted to SEK 697 million (626).
  • Income from property management amounted to SEK 297 million (343).
  • Changes in value of investment properties amounted to SEK -199 million (0).
  • Profit after tax amounted to SEK 212 million (754), equivalent to SEK 0.3 per share (1.1).

Comment from Hans Wallenstam, CEO:

“A long-term approach and low risk-taking characterize Wallenstam and I can see that we really benefit from that now in a less favorable global climate. We have prepared well, financially and organizationally but also in terms of the composition of our property holdings.”

For the complete report, please refer to the attached PDF.

For further information, please contact:
Susann Linde, CFO and Head of Investor Relations Wallenstam AB, tel. +46 31 20 00 00 or +46 705 17 11 34

www.wallenstam.se

This is information that Wallenstam is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CEST on October 20, 2023.

Wallenstam is a property company that manages, builds and develops properties for sustainable living and enterprise in Stockholm, Gothenburg and Uppsala. The property holding is valued at around SEK 63 billion and the customer base consists of around 12,000 households and 1,000 enterprises. The total lettable area is around 1 million sq m. Wallenstam is self-sufficient in renewable electrical energy through its own wind turbines in operation. The company’s B shares have been listed on Nasdaq Stockholm since 1984.

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