STOCKHOLM, Sweden, May 02, 2002 (PRIMEZONE) -- Wihlborgs Fastigheter:
- The profit after financial items increased to SEK 141 million (134) - 7 properties were sold at a profit of SEK 45 million
Wihlborgs' profit after financial income and expense increased by 5% to SEK 141 million. EPS after full tax totalled SEK 0.32 (0.30). The profit includes gains from property sales amounting to SEK 45 million. The cash flow per share increased to SEK 0.56 (0.53).
"We have achieved a good profit, despite the first quarter often being the weakest of the year, involving high season-related expenses and fewer new lettings following the great activity at the turn of the year," the CEO Erik Paulsson commented.
"Our main markets are displaying a good balance, and the total degree of vacancy is unchanged in comparison with the previous quarter," Erik Paulsson continuee.
"The property stock acquired from Posten [Swedish Post Office] is developing well, and integration with the remaining stock is progressing according to plan. We have hitherto sold 5 Posten properties in non-prioritised locations, and as things stand I cannot see any market- related obstacles to continued sales, with the aim of the stock in non- prioritised locations being sold by the end of 2003."
Appendix: Interim report January-March 2002
For further information:
Erik Paulsson, CEO, tel +46 (0)8-555 148 18, +46 (0)733-87 18 18 Olle Knaust, deputy CEO, tel +46 (0)8-555 148 10, +46 (0)733-87 18 10 Mats Berg, communications manager, tel +46 (0)8-555 148 20, +46 (0)733- 87 18 20
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