Year end report 1999 * The profit after financial items increased by 42 % to SEK 504 million (SEK 354 m). * EPS increased by 44 % to SEK 1.14 (SEK 0.79) after full tax. * 100 properties have been sold for a total of SEK 1,691 million between January and September, yielding a profit of SEK 84 million (SEK 16 m). * At the Annual General Meeting, the Board will propose that a dividend of SEK 0.55 (SEK 0.30) per share be paid for the 1999 financial year. * The profit after net financial items for the full year 2000 is expected to exceed that of 1999. * Sharper focus on commercial premises and property projects as of the spring of 2000. Results The profit after financial items increased to SEK 503.5 million (SEK 353.8 1 m) . EPS after full tax, including profits on the sale of properties, 2) totalled SEK 1.14 (SEK 0.79). The improvement in the profit is primarily due to lower interest expenses, an increase in profit on the sale of properties and lower property costs. Rental income for the period totalled SEK 2,193.9 million (SEK 2,210.0 m). The operating surplus before depreciation totalled SEK 1,336.8 million (SEK 1,337.4 m). The operating profit was SEK 1,191.5 million (SEK 1,110.9 m). The profit includes a profit on the sale of properties of SEK 83.5 million (SEK 16.0 m), interest grants totalling SEK 38.5 million (SEK 54.4 m) as well as an extra salary payment of SEK 5.9 million to the company's employees. The operating surplus for comparable property holdings has during 1999 increased by SEK 50.7 million in comparison with the corresponding period in 1998. 1) Fastighetsaktiebolaget Storheden i Stockholm is included in the Wihlborgs accounts as of 1 July 1998. The comparative figures in respect of Profit & Loss items up to and including Profit after financial items, are a pro forma combination of the results for Wilhborgs and Storheden for the period from January-December 1998. The comparative figures for the EPS and Balance Sheet items refer to the Wihlborgs Group, as of 31 December 1998. 2) For definitions, please see page 14. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/02/03/20000203BIT00770/bit0001.doc The full report http://www.bit.se/bitonline/2000/02/03/20000203BIT00770/bit0002.pdf The full report