Wihlborgs Interim Report January – March 2011

  • Profit for the period increased by SEK 94 million to SEK 214 million (120), and earnings per share rose to SEK 5.57 (3.18).
  • Rental income rose 14 percent to SEK 364 million (318).
  • Operating surplus increased 17 percent to SEK 254 million (217).
  • Income from property management income rose 13 percent to SEK 162 million (144).

“Despite considerably higher interest expense during the period, our operating surplus more than well managed to compensate for this and the management result rose by 13 percent” says Anders Jarl, CEO of Wihlborgs Fastigheter AB.

 ”The net rental yield during the quarter remained in profit, and amounts to SEK 3 million” continues Anders Jarl.

 “Our key ratios are continuing to strengthen, providing us with the resources - if circumstances permit - for further expansion in our selected sub-markets” concludes Anders Jarl.

 Wihlborgs Fastigheter AB (publ)

 

Presentation of the report

CEO Anders Jarl presents the interim report 28 April, at 09:00 in Swedish and at 09:45 in English. Listen to the conference live via audiocast, or telephone SWE +46 (0)8 5052 0114 UK +44 (0)20 7162 0077. For more information visit: www.wihlborgs.se or www.financialhearings.com