Wihlborgs Fastigheter AB (OTCPK:WIHLY)
$ 6.38 0 (0%) Market Cap: 1.96 Bil Enterprise Value: 4.64 Bil PE Ratio: 474.76 PB Ratio: 1.35 GF Score: 82/100
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Q1 2019 Wihlborgs Fastigheter AB Earnings Call Transcript

Apr 25, 2019 / 07:00AM GMT
Release Date Price: $3.03
Operator

Ladies and gentlemen, welcome to the Wihlborgs Fastigheter AB Q1 Reports 2019. (Operator Instructions) I will now hand the floor to our speakers, Arvid Liepe, CFO; and Ulrika Hallengren, CEO. Please begin.

Ulrika Hallengren;publ;CEO
Wihlborgs Fastigheter AB

()-

Thank you. The theme for Q1 is high tempo and high performance and some records, of course, as a tribute -- sorry. We increased our rental income to SEK 718 million. The operating surplus increased to SEK 500 million. And income from property management increased to SEK 406 million, up 25% as a result from good performance, open property management and reduced financing costs. The result for the period amounts to SEK 311 million.

As always, the net letting is a good measurement on how things are going. The net letting at SEK 17 million is a good level, and that is satisfying, but even better is that the new leases during this period summarized to a new record level, SEK 96 million. That is a proof that the market is active and that our offers are competitive. We

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