Wihlborgs Fastigheter AB (publ) (WIHL) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the presentation of Vibros Q2 2025. This report, we have some records, some repetition, and of course, some news. But as a part of that, we start with a celebration. Last year, we celebrated 100 years as the company Vibros. And this quarter, we have celebrated 20 years as a listed company. And that might be worth some reflections. We often talk about focusing on growth and earnings capacity. what have we actually achieved? We started the 23rd of May, 2005 with a property value of 7 billion Swedish krona and 20 years later, we have grown to 63 billion without raising any new equity from our shareholders. During these 20 years, we have invested 20 billion in our project portfolio and gained an extra 5 billion in profit from these investments. We have also made acquisitions at a value of 14 billion We have 19 years in a row with increased dividend, a compound annual growth rate at 10.4%, and in total 9 billion have been paid as dividend to our shareholders. Irrespectively, if you measure rental income, operating surplus or income from property management, we have achieved a compound annual growth rate of almost 10% over these 20 years. And the total return on the share with reinvested dividends has been 1,735%, or annually 15.6%, well above the total Stockholm stock market has generated. Now, time for a summary of Q2. We have record in rental income, record in operating surplus, record in income from property management, record in acquisition, record in dividend, record in property value, completely as we expect from ourselves. Net letting positive at 24 million and the demand for good quality and good location remains, and so does our potential for growth. From our own actions, of course, but based on the fundaments in our geography. Results from the first p...