Wallenstam interim report 1 January-31 March 2015

CEO Hans Wallenstam and CFO Susann Linde, in charge of IR, comment on the
interim report at www.wallenstam.se/presentationer.
A conference call with Susann Linde will take place at 09.30 a.m (CET) at
www.financialhearings.com

1 January- 31 March, 2015

  · Income from management operations amounted to SEK 150 million (138), an
increase of 9 per cent.
  · Unrealized changes in the value of investment properties amounted to SEK 174
million (111), of which new construction constitutes SEK 120 million (47) while
changes in the value of derivative instruments amounted to SEK -138 million (
-206).
  · Profit after tax amounted to SEK 159 million (177) and earnings per share
were SEK 1.0 (1.1).
  · Rental income for the first quarter of 2015 amounted to SEK 382 million
(399).
  · Investments in projects amounted to SEK 1,144 million (423).
  · The growth in net asset value, excluding dividends and repurchases, on a
rolling one-year basis was 3.8 per cent.
  · We had around 1,500 apartments under construction on closing day.

Comparisons in brackets refer to the corresponding period for the previous year
unless otherwise specified.

Comment from Hans Wallenstam, CEO

“Wallenstam continues the positive development trend it enjoyed in 2014. Income
from property management increased by almost 10 per cent and changes in the
value of properties amounted to SEK 174 million. The value increase in its
entirety is derived solely from our own new construction efforts and property
upgrade work. Cooperative apartment sales have gone well, and the great demand
for our product led to earnings of SEK 80 million for the quarter. The company’s
operations are right on track.

We worked extensively with our project portfolio during the first quarter to
further safeguard our future project opportunities. Our new construction
projects continue according to plan and we now have around 1,500 apartments
under construction. We love the city and are eager to build more!”

For the complete report, please refer to the attached PDF.

Wallenstam is required to make the information in this report public under the
provisions of the Swedish Financial Markets Act and the Swedish Financial
Instruments Trading Act. The information was made publicly available on April
28, 2015 at 8:00 a.m. (CET).
For further information:
Susann Linde, CFO, in charge of IR Wallenstam AB (publ) tel. 46 31 20 00 00 or
46 705-17 11 34
Elisabeth Vansvik, Communications director Wallenstam AB (publ) tel. 46 31 20 00
00 or 46 705-17 11 38
www.wallenstam.se
Wallenstam is a growing property company that manages, builds and develops
properties for sustainable living and the pursuit of business in Gothenburg and
Stockholm. The property holding is valued at around SEK 30 billion and the
tenant base consists of just over 7,600 households and 1,000 businesses. The
total lettable area is around 1 million sq m. Wallenstam is self-sufficient in
renewable energy through Svensk NaturEnergi, with 67 of its own wind turbines
and hydro power stations in operation. The company's B shares have been listed
on Nasdaq Stockholm since 1984.