Strong first quarter for Wihlborgs
- Rental income increased 9 percent to SEK 540 million (497)
- Operating surplus rose 9 percent to SEK 388 million (355)
- Income from property management improved 10 percent to SEK 261 million (238)
- Profit for the period totalled SEK 289 million (202), corresponding to earnings per share of SEK 3.76 (2.63)
“Last year was the strongest year in the history of Wihlborgs and we have begun 2017 even stronger. In the first quarter, we again reported improved results and a stronger balance sheet. The rental market remains very strong and net lettings favourable, up SEK 23 million for the quarter. We also noted healthy demand for our new-build projects,” says Anders Jarl, CEO of Wihlborgs Fastigheter.
“With a stronger balance sheet, an attractive project portfolio and the continuing positive economic trend in the Öresund region, we have excellent conditions for leveraging future business opportunities and for continuing to generate profitable growth.”
Wihlborgs Fastigheter AB (publ)
Presentation of the report
At 9:00 a.m. today, CEO Anders Jarl and CFO Arvid Liepe will present the year-end report via a telephone conference. The presentation can be followed by webcast or telephone
+8 5664 2692 or +44 (0)20 3008 9809.
Link to webcast
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 26 April 2017, at 7:30 a.m. CET
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 for the Company’s properties totals SEK 33 billion. The annual rental value of the properties is SEK 2.4 billion.
Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.