Interim report: January-June 2021: High activity creates new opportunities

  • Rental income amounted to SEK 1,477 million (1,548).
  • Operating surplus amounted to SEK 1,046 (1,125).
  • Income from property management amounted to SEK 859 million (934).
  • Profit for the period amounted to SEK 1,007 million (708), corresponding to earnings per share of SEK 6.55 (4.61).

“We have noted high activity among existing, new and potential tenants. A financial recovery and confidence in the future gathered momentum in our region during the spring. We have noted clear effects of this in our new lettings, which have been at a historically high level during the quarter. We can now sum up the first six months with positive net lettings of SEK 45 million,” says Ulrika Hallengren, CEO of Wihlborgs.

“Efforts to develop and improve the content and quality of our property portfolio are continuing. In light of the signed agreements, we are expecting vacancies to fall during the coming quarters and anticipate the largest effect in 2022.”

“Sustainability is an area of the utmost priority for many property companies, and of course, this is also the case for Wihlborgs. Certification is important, not least because it transparently documents and measures performance. At the same time, we can take many tangible initiatives on a daily basis that make a real difference. Scope 3 CO2 impact is and will remain the industry’s greatest challenge for a long time. As a result, we are now investing extra energy to reduce the use of materials and to use the right materials. We have made progress in our Kvartetten project and are planning a NollCO2 certification of the entire block.”

 

Wihlborgs Fastigheter AB (publ)

At 9:00 a.m. CEST today, Ulrika Hallengren and Arvid Liepe will hold a presentation via a telephone conference. The presentation can be followed by webcast or telephone +46 8 566 42 695 or +44 3333 009 031 (UK). 

Link to webcast

 

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. The information was submitted for publication through the agency of the following contact people on 12 July 2021, at 7:30 a.m. CEST.

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 47.1 billion, representing an annual property rental value of SEK 3.3 billion. Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.

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Quotes

We have noted high activity among existing, new and potential tenants. A financial recovery and confidence in the future gathered momentum in our region during the spring. We have noted clear effects of this in our new lettings, which have been at a historically high level during the quarter. We can now sum up the first six months with positive net lettings of SEK 45 million,
Ulrika Hallengren, CEO of Wihlborgs