Interim report January-June 2004

Interim report January-June 2004 - The profit after tax increased to SEK 396 million (333), equivalent to SEK 6.52 (5.37) per share - Rental income decreased to SEK 851 million (1,030) due to sales of properties - 29 properties have been sold for the combined sum of SEK 1,714 million (1,857), yielding a profit of SEK 261 million (285) "Wihlborgs continues to perform well. Profits have increased while the vacancy rate has remained flat", says Erik Paulsson, CEO of Wihlborgs Fastigheter AB. "We upped the pace further and made several major acquisitions that have strengthened our presence in a number of promising development areas in the inner city and near suburbs of Stockholm", Mr Paulsson continues. "It is becoming increasingly clear that the Stockholm market is stabilising, especially the inner city. The economic recovery has increased activity and the demand for property, albeit from a low level after the weak market performance of the last few years. Appendix: Interim report January-June 2004 For further information: Erik Paulsson, president and CEO, tel +46 (0)8-555 148 18, +46 (0)733-87 18 18 Olle Knaust, CFO, tel +46 (0)8-555 148 10, +46 (0)733-87 18 10 Mats Berg, communications manager, tel +46 (0)8-555 148 20, +46 (0)733-87 18 20 Wihlborgs Fastigheter AB (publ) is one of Sweden's biggest real-estate companies, with real estate to a book value of SEK 19.4 billion. The real estate, which is concentrated on the Stockholm and Öresund regions, has a rental value on a twelve-month basis totalling SEK 2.0 billion, and a rentable area of 1.8 million square metres. The company has offices in Stockholm, Malmö, Copenhagen and Helsingborg. Wihlborgs' shares are listed on Attract40 on the Stockholm Stock Exchange. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/08/05/20040805BIT20130/wkr0010.pdf The full report