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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Q2 2019 Wihlborgs Fastigheter AB Earnings Call Transcript

Jul 08, 2019 / 07:00AM GMT
Release Date Price: $3.03
Operator

Ladies and gentlemen, welcome to the Wihlborgs Fastigheter AB Q2 Report 2019. Today, I'm pleased to present Arvid Liepe, CFO; and Ulrika Hallengren, CEO. (Operator Instructions) I'll now hand over to our speakers. Please begin.

Ulrika Hallengren;publ;CEO
Wihlborgs Fastigheter AB

()-

Thank you. Welcome to the presentation of the first half year 2019. The high tempo and high performance continues in our growing region. The half -- the first half year, we increased our rental income with 11% to SEK 1.475 billion. The operating surplus increased also with 11% up to SEK 1.063 billion. And income from property management increased with 29% to SEK 873 million. This strong result comes from good performance both in property management and reduced financing costs. And the results for the first 6 months amounts to SEK 927 million.

We have another quarter with very strong net letting, plus SEK 30 million. As said many times before, net letting is a good measurement of how things are going, both measurement of the markets but also

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