Interim report Jan-Mar 2021: Stability and development as foundations
· Rental income amounted to SEK 738 million (781). · Operating surplus amounted to SEK 509 million (555). · Income from property management amounted to SEK 416 million (460). · Result for the period amounted to SEK 478 million (344), corresponding to earnings per share of SEK 3.11 (2.24).
”It is gratifying that we continue to report positive net lettings, amounting to SEK 9 million,for the first quarter. It is our sustained work with property management that leads to new contracts, which combine to deliver these results. At a time with various restrictions, it feels positive that we have now signed agreements with four restaurants that will open in the newly renovated Helsingborg Central Station. Their faith in the future bodes well in these times,” says Ulrika Hallengren, CEO of Wihlborgs.
”In the past few years, we have built up a strong balance sheet and healthy liquidity. On back of this, we are now underway with the new construction of the office building in Kvartetten in Hyllie, Malmö. We are also growing in Copenhagen, and planning is ongoing for the Nyhamnen area in Malmö and Västerbro in Lund. Moreover, work at Science Village in Lund is also beginning to yield tangible results.”
”When the economic recovery does take place, we will be able to benefit from our strong market position, our exciting project portfolio and our access to stable, long-term financing. Following the pandemic, we are convinced that the attractiveness and growth of the Öresund region will be even stronger than before.”
Wihlborgs Fastigheter AB (publ)
At 8:00 a.m.CEST today, Ulrika Hallengren and Arvid Liepe will hold a presentation via a telephone conference. The presentation can be followed webcast (https://tv.streamfabriken.com/wihlborgs-fastigheter-q1-2021) or telephone +46 8 505 583 54 or +44 3333 009 268 (UK).
Link to webcast (https://tv.streamfabriken.com/wihlborgs-fastigheter-q1-2021)
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 below contact people on 27 April 2021, 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 46.7 billion, representing an annual property rental value of SEK 3.3 billion.
Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.