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 2024 Wihlborgs Fastigheter AB Earnings Call Transcript

Oct 24, 2024 / 07:00AM GMT
Release Date Price: €9.82 (+0.15%)
Ulrika Hallengren Wihlborgs Fastigheter AB;Chief Executive Officer

So welcome to the presentation of the Wihlborgs nine month '24.

Our tenants continue to need development and as long as we continue to develop, at least at the same pace, we will continue to be relevant.

A really good volume of the rental business also in Q3 and Q4 has already started in a good way, but nothing is done by itself and now it's important for several businesses to be persistent every day has new challenges and new opportunities. I love the Japanese expression, Kaisen and of course, I love Wihlborgs. Let's go to our report and a summary of Q3, a new record in rental income for one quarter, 1,043 million net letting positive and record gross letting for third quarter. The demand for good quality in good location continues higher financing costs by 2.5 times and average into trade declining quarter on quarter and we continue with our investments for future growth. The results for nine months, '24 rental income increased by 7% to 3,150 million and operating surplus also increased by 7% to 2,244 million.

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