Wednesday, February 18, 2015

Marginal profit boost for Wallenstam – Swedish newspaper Svenska Dagbladet

Marginal profit boost for Wallenstam – Swedish newspaper Svenska Dagbladet

Rental income amounted to SEK 380 million, compared with 388 million a year earlier. Analysts had on average expected 387 million crowns.

The low interest rates benefit the industry, according to CEO Hans Wallenstam.

“My assessment is that the yield of properties falling and that we the near future will be able to see an increase in value of real estate, “he writes in a commentary.

The Board proposes a dividend of SEK 2.25 per share, compared with the dividend last year at 2 per share.

In conjunction with the financial statements for 2014 suggest the company a share split, where Wallenstam share will be exchanged for new ones.

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