Expanded Seven-Year Fortnox Lease at Wihlborgs' Dockan Boosts Cash-Flow Narrative
An expanded seven-year Fortnox lease at Wihlborgs’ Dockan slightly strengthens near-term occupancy and rental income, but leaves the key concern of high leverage and sensitivity to financing conditions. The plan implies 11% annual revenue growth and about SEK0.3 billion higher earnings from SEK2.2 billion, with projections to SEK6.3 billion revenue and SEK2.5 billion earnings by 2029, emphasizing cash-flow resilience if rates or demand shift.