Wallenstam’s new business plan 2019-2023
Wallenstam’s Board of Directors has taken a decision on a new five-year business plan, which starts on January 1, 2019, with the goal of achieving an increase in net asset value during the period of SEK 40 per share. This goal is supplemented by three key guiding principles within the focus areas customer, employee and environment. In connection with the new business plan, adjustments are also being made to the wordings of the company’s vision and business concept.
“An increase in net asset value of SEK 40 per share is a challenging target. This is equivalent to an increase of 50 percent from today’s level. In terms of our operations, we will do everything we do today, though even better. Thanks to our committed employees, a strong financial base and our own plan for growth, there is every chance of achieving the goal in the new business plan,” says Hans Wallenstam, CEO.
The new business plan will be presented at a Capital Markets Day today, December 14. A filmed presentation will be published at 13.00 CET on www.wallenstam.se/filmsandpresentations.
Wallenstam’s vision:
Wallenstam shall be the natural choice of people and companies for housing and premises.
Wallenstam’s business concept:
We develop and manage people’s homes and workplaces based on a high level of service and long-term sustainability in selected metropolitan areas.
Wallenstam’s goal in the business plan 2023:
To achieve an increase in net asset value of SEK 40 per share.
Wallenstam’s guiding principles in the business plan 2023:
- We shall exceed customer expectations and improve the overall impression of Wallenstam every year through attractive apartments and premises as well as good service.
- Through our strong corporate culture, we shall be an attractive employer and improve our Engagement Index score every year.
- We shall reduce our environmental impact every year, through initiatives within the focus areas energy, transports and resources.
For further information:
Susann Linde, CFO and Head of Investor Relations Wallenstam AB (publ) tel. 46 31 20 00 00 or 46 705 17 11 34
Elisabeth Vansvik, Communications Director Wallenstam AB (publ) tel. 46 31 20 00 00 or 46 705 17 11 38
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 44 billion and the customer base consists of around 9,000 households and 1,000 enterprises. The total lettable area is around 1 million sq m. Wallenstam is self-sufficient in renewable energy through the company Svensk NaturEnergi. The company’s B shares have been listed on Nasdaq Stockholm since 1984.