Interim report jan-sep 2022: Workplaces continue to deliver

• Rental income increased 7 percent to SEK 2,447 million (2,290).
• Operating surplus increased 4 percent to SEK 1,729 million (1,658)
• Income from property management increased 4 percent to SEK million 1,425 (1,372).
• Profit for the period amounted to SEK 1,998 million (1,680), corresponding to earnings per share of SEK 6.50 (5.46).

“Third quarter net lettings totalled SEK 18 million. This quarter makes 30 consecutive quarters with a positive number. And all four regions contributed positively in every quarter of 2022. If you measure net lettings over a rolling 12-month period, we have never posted such a strong result, plus SEK 154 million. This demonstrates the solid level of underlying demand and indicates the direction for our future revenues,” says Ulrika Hallengren, CEO of Wihlborgs. 

“Overall, we continue to deliver strong cash flow, which provides us with a stable balance sheet with an equity/assets ratio of 41 percent and a loan-to-value ratio of 49 percent. With the strong cash flow as a basis, despite changes in our environment, we can continue to invest in project development and evaluate new acquisition opportunities.”

“We maintain our focus on sustainability issues even in changing times. In the annual international assessment of the sustainability performance of property companies, GRESB, Wihlborgs received all five stars possible and is moreover global sector leader. Work continues relentlessly in various areas, not least in the form of a large number of projects related to energy efficiency.”

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/44261    

Telephone conference:
SE: +46856642707
UK: +443333009032
US: +16467224903

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 21 October 2022, 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 54.5 billion, representing an annual property rental value of SEK 3.8 billion. Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.

Tags: