Interim report January-March 2004

Interim report January-March 2004 - The profit after tax increased to SEK 320 million (138), equivalent to SEK 5.27 (2.21) per share - Rental income decreased to SEK 425 million (515) due to sales of properties - 20 properties have been sold for the combined sum of SEK 1,110 million (618), yielding a profit of SEK 247 million (122) - Equity/assets ratio increased to 33.2 per cent (31.4) "During the first quarter Wihlborgs' development has been good, with an unchanged vacancy rate and a good result from property sales," says Erik Paulsson, president and CEO, Wihlborgs Fastigheter AB. "We can now see a stabilisation of the rental levels in central Stockholm. There is still a large range of premises, but my assessment is that the rental levels have reached the bottom of this cycle. During the period Wihlborgs' vacancy rate has decreased by two percentage units in Stockholm city centre," Erik Paulsson continues. Appendix: Interim report January-March 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 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/05/06/20040506BIT20060/wkr0006.pdf The full report