2021 Year-end report: Record net lettings for Wihlborgs

• Rental income amounted to SEK 3,060 million (3,074)
• Operating surplus amounted to SEK 2,195 million (2,222).
• Income from property management amounted to SEK 1,815 million (1,830).
• Profit for the period amounted to SEK 3,348 million (2,222), corresponding to earnings per share of SEK 21.78 (14.46).

- During the year, we noted a distinct increase in the activity of our customers. Net lettings for the full year, SEK 115 million, is the highest full-year figure we have ever recorded. For the quarter, net lettings totalled SEK 67 million, which is also a record. The results in terms of cash flow and value increases have also provided us with a record strong balance sheet,” says Ulrika Hallengren, CEO of Wihlborgs. 

- With healthy demand and a strong balance sheet, we can continue to develop our project portfolio that currently corresponds to investments of SEK 2.8 billion. Moreover, we continuously evaluate acquisition opportunities, and in the fourth quarter, this resulted in the acquisition of two properties in Copenhagen and one in Helsingborg.

- Our expansion will be conducted profitably and sustainably. This year, we certified 13 properties in accordance with Miljöbyggnad iDrift, and our solar panel facilities now correspond to a capacity of 2,3 MW. We are also continuing the systematic efforts to replace refrigerants that are harmful to the environment with more environmentally friendly alternatives. These measures have reduced the risk of GHG leakage equivalent to some 1,200 tonnes of CO2e over the last two years.

Wihlborgs Fastigheter AB (publ)

At 9:00 a.m. today, Ulrika Hallengren and Arvid Liepe will present the Year-end report via a webcast conference.

Link to webcast:
https://financialhearings.com/event/41687.     

Telephone conference:
SE: +46 850 55 83 50
UK: +44 333 300 90 31
US: +1 6319131422
PIN: 55170500#

This information is of such a kind that Wihlborgs Fastigheter AB (publ) is legally required to disclose pursuant to the EU’s Market Abuse Regulation and the Swedish Securities Market Act. This information was submitted for publication through the agency of the following contact people on 15 February 2022, at 7:30 a.m. CET.
 

For further information, please contact:
Ulrika Hallengren, CEO, Tel: +46 40 690 57 95
Arvid Liepe, CFO, Tel: +46 40 690 57 31

Wihlborgs Fastigheter AB (publ) is a property company that focuses on commercial properties in the Öresund region. Its property portfolio is located in Malmö, Helsingborg, Lund and Copenhagen.In Malmö, Lund and Helsingborg, Wihlborgs is the leading property company. The book value of the company’s properties totals SEK 50 billion, representing an annual property rental value of SEK 3.5 billion. Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.

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