Wihlborgs Fastigheter AB (FRA:1EJ)
€ 9.18 -0.025 (-0.27%) Market Cap: 2.81 Bil Enterprise Value: 5.35 Bil PE Ratio: 68.28 PB Ratio: 1.52 GF Score: 78/100
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Q3 2019 Wihlborgs Fastigheter AB Earnings Call Transcript

Oct 24, 2019 / 07:00AM GMT
Operator

Ladies and gentlemen, welcome to Wihlborgs Fastigheter AB Q3 Report 2019. (Operator Instructions) Today, I am pleased to present CEO, Ulrika Hallengren; and CFO, Arvid Liepe. Please begin your meeting.

Ulrika Hallengren;publ;CEO
Wihlborgs Fastigheter AB

()-

Hello, and welcome to the presentation of Wihlborg's 9 months results 2019. Even if we hear and see signals about a weaker market around us, our customers in our region act if -- as if they don't pay those signals too much attention. They are probably too busy with their business.

We continue to have a very strong net letting. Actually, 2019 is our second best year ever in the net letting first 9 months. We have, during this period, increased our rental income with 11% to SEK 2.218 billion. The operating surplus increased with 10% up to SEK 1.615 billion. And income from property management increased with 25% to SEK 1.318 billion. This continuously strong result comes again from good performance, both in property management and reduced financing costs compared to 2018

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