Interim report Jan-Jun 2019: Results continue to improve and position strengthens for Wihlborgs
- Rental income grew 11 percent to SEK 1,475 million (1,330)
- Operating surplus increased 11 percent to SEK 1,063 million (957)
- Income from property management rose 29 percent to SEK 873 million (679)
- Profit for the period totalled SEK 927 million (923), corresponding to earnings per share of SEK 6.03 (6.00)
“We made a strong start to the year and the trend has continued. We have noted a healthy increase in rental income, a rising operating surplus and an increase in income from property management during the second quarter of a full 32 percent,” says Ulrika Hallengren, CEO of Wihlborgs.
“Activity levels are at all-time highs in all parts of our operations. We are signing more new leases than ever and our project investments remain at record levels. Moreover, in the first six months, we have completed transactions for a total value of SEK 4.4 billion. These comprise strategic sales and acquisitions that strengthen our market position and provide us with good scope for development moving forward.”
“We hold firm to our strategy – to own, manage and develop commercial properties in the Öresund region. Through our focus and our high levels of activity, we are helping our tenants to grow and we are contributing to the continued development of the region. And as a result – Wihlborgs will also continue to grow.”
Wihlborgs Fastigheter AB (publ)
At 9:00 a.m. today, Ulrika Hallengren and Arvid Liepe will present the interim report via a telephone conference. The presentation can be followed by webcast or telephone:
+ 46 8 566 42 707 or + 44 3333 00 92 71
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 contact people set out below on 8 July 2019, at 7:30 a.m. CEST.
For further information, please contact:
Ulrika Hallengren, CEO, Tel: +46 40 690 57 95
Arvid Liepe, Chief Financial Officer, 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 44.5 billion, representing an annual property rental value of SEK 3.2 billion.
Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.