Interim report Jan-Jun 2018: Continued strong growth for Wihlborgs
· Rental income rose 20 percent to SEK 1,330 million (1,106) · Operating surplus rose 18 percent to SEK 957 million (810) · Income from property management rose 23 percent to SEK 679 million (551) · Profit for the period totalled SEK 923 million (892), corresponding to earnings per share of SEK 6.00 (5.80)
“As Wihlborgs’ new CEO, I am delighted to summarise a very strong quarter for the company, one in which our excellent growth has continued. Thanks to a region experiencing strong expansion, an attractive offering and dedicated employees, we can report very favourable net lettings of SEK 46 million in the second quarter, totalling SEK 64 million in the first six months. This is an important factor for us to continue to improve our earnings,” says Ulrika Hallengren, CEO of Wihlborgs Fastigheter.
“The strong figures and robust growth we deliver quarter after quarter confirm that our strategy and business model are right, both in the short and the long term. Our balance sheet remains strong, which provides us with excellent prerequisites to continue our investments in new projects that will create long-term profitability for Wihlborgs, help our tenants grow, and contribute to the expansion of Wihlborgs and the region moving forward,” concludes Ulrika Hallengren.
Wihlborgs Fastigheter AB (publ)
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 9 July 2018, at 7:30 a.m. CEST.
At 9:00 a.m. today, Ulrika Hallengren and Arvid Liepe will present the interim report via a telephone conference. The presentation can be followed by webcast (https://tv.streamfabriken.com/wihlborgs-fastigheter-q2-2018) or telephone
+46 (0)8 566 42 663 or +44 (0)203 00 89 807 (UK). Link to webcast (https://tv.streamfabriken.com/wihlborgs-fastigheter-q2-2018)
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 39.9 billion. The annual rental value of the properties is SEK 2.9 billion.
Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.