Interim report Jan-Jun: Record high operating surplus

• Rental income increased 7 percent to SEK 2,072 million (1,935).
• Operating surplus increased 7 percent to SEK 1,482 million (1,389).
• Income from property management amounted to SEK 884 million (948).
• Profit for the period amounted to SEK 698 million (625), corresponding to earnings per share of SEK 2.27 (2.03).

Ulrika Hallengren, CEO of Wihlborgs, comments on the second quarter:

“The operating surplus in the second quarter increased to SEK 764 million, the highest ever for a single quarter. Tenant activity remained strong and net lettings amounted to SEK 21 million. Many tenants are still prone to change, but with a close dialogue, good relationships and a broad portfolio of properties, we usually succeed in creating solutions that are good both for them and for us.”

“Our choice to continue investing, even in the recent more challenging years, provides us with good opportunities for growth. During the quarter, we expanded our project portfolio and acquired an office property in a very good location. It complements our existing range of premises in the area, and we have the opportunity to significantly improve the property in terms of letting, operation and energy performance.”

“We have continued the environmental certification of our properties and energy efficiency enhancements are being implemented on an ongoing basis.  Our proprietary “Janne solution” provides great energy savings wherever we can install it. During the quarter, we also decided to invest in our first battery storage system at one of our properties and developed requirements for the procurement of solar panels that takes into account their impact on people and the environment.”
 

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/49694

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 8 July 2024, 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 57 billion, representing an annual property rental value of SEK 4.5 billion. Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.

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