Wihlborgs Interim Report Jan-Jun 2014
Wihlborgs' growth continues.
- Result for the period amounts to SEK 112 million (629), per share SEK 1,46 (8,18)
- Rental income increased by 16 percent to SEK 930 million (800)
- Operating surplus increased by 17 percent to SEK 671 million (575)
- Income from property management increased by 18 percent to SEK 415 million (351).
"Wihlborgs again reports a strong quarter, with income from property management at its highest-ever level", says Anders Jarl, Chief Executive Officer, Wihlborgs Fastigheter. "We can also confirm that we are succeeding in keeping our costs under control as we grow."
"The net letting remained positive, at SEK 8 million, for the twenty-sixth consecutive quarter. The rental market remains somewhat watchful in Malmö and Helsingborg, but is all the more active in Lund", continues Anders.
"We have several projects in progress and these, along with the projects we have in the pipeline, position us well for the future", concluded Anders Jarl.
Wihlborgs Fastigheter AB (publ)
For further information please contact
Anders Jarl, CEO, +46 40 690 57 10, +46 733 71 17 10
Arvid Liepe, CFO, +46 40 690 57 31, +46 733 71 17 31
Presentation of the report:
At 9.00 a. m. today, CEO Anders Jarl and CFO Arvid Liepe will present the interim report. The presentation can be followed via a webcast or by telephone in Sweden on: (+46)-8-505 98261 and in the UK on: +44-20-766 02078.
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 23.2 billion. The annual rental value of the properties is SEK 2 billion. Wihlborgs shares are quoted on the Mid Cap List of the OMX Nordic Exchange.
Contact information
For further information please contact:
Anders Jarl, CEO, +46 40 690 57 10, +46 733 71 17 10
Arvid Liepe, CFO, +46 40 690 57 31, +46 733 71 17 31
The information is such that Wihlborgs is required to publish in accordance with the Swedish Capital Markets Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication at 7.30 a.m. on Monday, 7 July.