Interim report Jan–Sep 2020: Continued increase in income from property management and a strong position for Wihlborgs
- Rental income increased 5 percent to SEK 2,323 million (2,218)
- Operating surplus increased 5 percent to SEK 1,699 million (1,615)
- Income from property management increased 7 percent to SEK 1,411 million (1,319)
- Profit for the period totalled SEK 1,528 million (1,377), corresponding to earnings per share of SEK 9.94 (8.96)
“Our profit also increased for the third quarter, and we have once again beaten our record for income from property management, which increased 7 percent for the quarter. This spotlights the stability and sustainability of our operations and the continued strengthening of our balance sheet” says Ulrika Hallengren, CEO of Wihlborgs.
“We are fully focused on our business and on being close to our customers. It is more important than ever that we act quickly and flexibly to be able to meet changing needs. Market conditions and the pace of economic recovery are creating some uncertainty moving forward, but thanks to our strong market position and focus on modern office properties in the right locations, we are well-positioned to remain the first-choice provider for our tenants even in the future.”
Wihlborgs Fastigheter AB (publ)
At 9:00 a.m. today, Ulrika Hallengren and Arvid Liepe will hold a presentation via a telephone conference. The presentation can be followed by webcast or telephone +46 8 505 58 365 or +44 3333 009 030 (UK).
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 23 October 2020, at 7:30 a.m. CEST.
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 47.0 billion, representing an annual property rental value of SEK 3.4 billion.
Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.