Interim report Jan-Mar 2024: Record in new leases

• Rental income increased 7 percent to SEK 1,040 million (971).
• Operating surplus increased 8 percent to SEK 718 million (667).
• Income from property management amounted to SEK 424 million (457).
• Profit for the period amounted to SEK 348 million (255), corresponding to earnings per share of SEK 1.13 (0.83).

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

“High activity in the lettings market continued through the first quarter with a new letting record with newly signed contracts totalling SEK 177 million. Net lettings amounted to SEK 29 million, which means 36 quarters in a row with positive net lettings. Demand remains strong for high-quality premises in good locations that are conducive for enjoyment, efficiency and innovation."

“Even in a period dominated by challenges, we have managed to advance our positions and we continue to invest in new, exciting projects. As a result, when external factors such as the economy and interest-rate situations improve, we will find ourselves well-placed with favourable conditions to accelerate our growth."

“During the quarter, our focus remained on enhancing the efficiency of our portfolio, and this is where our reversible heat pump innovation has led to energy savings in several properties of around 30 percent. Even our intensified work to increase the proportion of approved suppliers in accordance with our sustainability requirements has yielded favourable results, increasing from 72 to 84 percent quarter-on-quarter. In Swedish operations, 99 percent of suppliers meet these requirements.”

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/48588

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 23 April 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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