Interim report jan-sep 2017: Wihlborgs continues to accelerate
- Rental income rose 11 percent to SEK 1,665 million (1,505).
- The operating surplus was up 11 percent at SEK 1,256 million (1,134).
- Income from property management improved 13 percent to SEK 863 million (767).
- Profit for the period totalled SEK 1,495 million (1,670), corresponding to earnings per share of SEK 19.45 (21.73).
“To sum up, we have completed an eventful and successful third quarter, in which we once again posted record figures for both income and earnings. At SEK 333 million, for the first time, income from property management for a single quarter exceeded SEK 300 million,” says Anders Jarl, CEO of Wihlborgs Fastigheter.
“Through the acquisition of 175,000 m² of office space in Denmark, positive net lettings and high activity levels in our project development, we have further strengthened the preconditions for continuing our rising trend for income from property management, future growth and a stronger balance sheet at Wihlborgs.”
Wihlborgs Fastigheter AB (publ)
Presentation of the report
At 9:00 a.m. today, CEO Anders Jarl and CFO Arvid Liepe will present the interim report at Operaterrassen in Stockholm. The presentation can be followed by webcast or telephone +46 (0)8 5664 2695 or +44 (0)20 3008 9806. 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 above contact people on 23 October 2017, at 7:30 a.m. (CEST).
For further information, please contact:
Anders Jarl, CEO, +46 (0)40 690 57 10
Arvid Liepe, CFO, +46 (0)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 37 billion. The annual rental value of the properties is SEK 2.6 billion.
Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.