2022 Year-end report: Growth in core operations

• Rental income increased 9 percent to SEK 3,335 million (3,060).
• Operating surplus increased 6 percent to SEK 2,331 million (2,195)
• Income from property management increased 3 percent to SEK 1,861 million (1,815).
• Profit for the period amounted to SEK 2,288 million (3,348), corresponding to earnings per share of SEK 7.44 (10.89).

“Wihlborgs is not unaffected by events in our operating environment, but nonetheless it is clear that our business model is resilient. We posted record-breaking revenue, operating surplus, income from property management and net lettings (SEK 119 million) in 2022. It is worth noting that net lettings were positive in all four regions for all four quarters. We have a strong balance sheet and good access to liquidity,” says Ulrika Hallengren, CEO of Wihlborgs. 

“We increased rental income in the existing portfolio 13.7 percent compared with one year ago. In combination with our good net lettings, this indicates healthy underlying demand. Our organisation has a high level of activity and adaptability, and our focus on getting each little detail right adds up to a successful operation.

“Energy consumption per square metre in our properties decreased 7 percent during the year. This is the result of a dedicated joint effort with our tenants as well as better measurement methods. We will have more energy efficiency projects in the future and we are continuing to refine our sustainability goals for the coming years. We are also planning a substantial expansion in self-generated energy at our properties.”
 

Wihlborgs Fastigheter AB (publ)

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

Link to webcast:
https://financialhearings.com/event/45970

Telephone conference:
SE: +46-8-5051-6386
UK: +44-20-319-84884
US: +1-412-317-6300
PIN: 6074423#

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 55.2 billion, representing an annual property rental value of SEK 4.2 billion. Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.

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