Interim report Jan-Mar 2018: Wihlborgs continues to set new records
- Rental income rose 22 percent to SEK 668 million (549)
- Operating surplus rose 19 percent to SEK 460 million (388)
- Income from property management rose 25 percent to SEK 325 million (261)
- Profit for the period totalled SEK 303 million (289), corresponding to earnings per share of SEK 3.94 (3.76)
“Wihlborgs’ continued record-strong performance is extremely gratifying. Continued increases in rental income, strong income from property management, reduced vacancies and favourable net lettings all clearly indicate that Wihlborgs is well-placed for the future. Growth is very positive in both the Swedish and the Danish operations,” says Anders Jarl, CEO of Wihlborgs Fastigheter.
“With Ulrika Hallengren as its new CEO, Wihlborgs has the best preconditions possible for continuing this performance. We are now writing the next chapter of the Wihlborgs story, and as the company’s Chairman, I will be pleased to be able to continue contributing to the development of Wihlborgs and the Öresund region, with the caveat that the AGM resolve to adopt this proposal."
Wihlborgs Fastigheter AB (publ)
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 above contact people on 25 April 2018, at 7:30 a.m. CEST.
At 9:00 a.m. today, Anders Jarl, Arvid Liepe and Ulrika Hallengren will present the interim report via a telephone conference. The presentation can be followed by webcast or telephone +46 8 5664 2663 +44 20 3008 9807 (UK) Link to webcast
For further information, please contact:
Anders Jarl, CEO, +46 (0)40 690 57 10
Arvid Liepe, Chief Financial Officer, +46 (0)40 690 57 31
Ulrika Hallengren, new CEO, +46 (0)40 690 57 95
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 39.4 billion. The annual rental value of the properties is SEK 2.9 billion.
Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.