Wallenstam Interim Report 1 January-31 March 2015

GÖTEBORG, Sweden--()--Regulatory News:

Wallenstam (STO:WALLB)

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).

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.

This information was brought to you by Cision http://news.cision.com

Contacts

IR Wallenstam AB
Susann Linde, CFO
tel. 46 31 20 00 00
46 705-17 11 34
or
Elisabeth Vansvik
Communications director
tel. 46 31 20 00 00
46 705-17 11 38
www.wallenstam.se

Contacts

IR Wallenstam AB
Susann Linde, CFO
tel. 46 31 20 00 00
46 705-17 11 34
or
Elisabeth Vansvik
Communications director
tel. 46 31 20 00 00
46 705-17 11 38
www.wallenstam.se