Interim Report Jan-Mar 2009
- Rental income increased by 8 per cent to SEK 311m (287)
- Net operating income increased by 10 per cent to
SEK 216m (197)
- The income from property management increased by
SEK 109m (108)
- The result of the period was SEK 81m (117) and earnings per share SEK 2.24 (3.13)
- New lease agreements amounts to SEK 29m (31)
- The yield on buildings held for investments purposes is now 7.0 per cent compared with 6.9 per cent at the turn of the year
“We have been successful in improving our management result, despite the fact that we are in the middle of a recession,” says Anders Jarl, CEO, Wihlborgs Fastigheter.
“Lease levels remain stable and there is more or less a balance between the supply of and demand for premises.”
“The yield from our offices is 6.5 per cent with a 95 per cent let and our industrial and warehouse premises produce a yield of 6.5 per cent with a 92 per cent let. Bearing in mind the modern stock we have, these are very strong figures, concludes Anders Jarl.”
Wihlborgs Fastigheter AB (publ) For further information contact:
Anders Jarl, CEO, +46 40 690 57 10, +46 733 71 17 10
Christer Johansson, CFO, +46 40 690 57 06, +46 733 71 17 06
Presentation Q1, 2009
CEO Anders Jarl will present the report via a telephone conference today 23 April. The presentation will take place in Swedish at 09.00 CET and in English at 09.45. To join please phone + 44 (0) 20 8817 9301 or + 46 (0) 8 5052 0270.
More information at www.wihlborgs.se or www.financialhearings.com.
Wihlborgs Fastigheter (publ) is a property company that focuses on commercial properties in the Öresund region. Its stock of properties is located in Malmö, Helsingborg, Lund and Copenhagen.
Wihlborgs is one of the leading property companies in Malmö and Helsingborg.
The properties’ book value totals SEK 13.7 billion with an annual rental value of SEK 1.3 billion. Wihlborgs is listed on the Stockholm stock exchange’s Midcap list.