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    EANS-Adhoc  628  0 Kommentare Atrium European Real Estate Limited / FIRST HALF 2016 RESULTS SHOW CONTINUED STEADY OPERATIONAL PROGRESS

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    Disclosed inside information pursuant to article 17 Market Abuse Regulation
    (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
    The issuer is solely responsible for the content of this announcement.
    --------------------------------------------------------------------------------

    Mid Year Results
    17.08.2016

    Atrium European Real Estate Limited
    ("Atrium")

    FIRST HALF 2016 RESULTS SHOW CONTINUED STEADY OPERATIONAL PROGRESS

    Ad hoc announcement - Jersey, 17 August 2016. Atrium European Real
    Estate Limited (VSE/ Euronext: ATRS) (the "Company" and together with
    its subsidiaries, the "Group"), a leading owner and manager of
    shopping centres and retail real estate in Central and Eastern
    Europe, announces its results for the second quarter and six months
    ended 30 June 2016.

    Highlights: - NRI in the Group's core markets of Poland, Czech
    Republic and Slovakia increased by 1.1% to EUR72.3m (6M 2015:
    EUR71.5) and 0.5% to EUR 62.2m on a like-for-like basis (6M 2015:
    EUR61.9) - Group income continues to be impacted by the situation in
    Russia with GRI of EUR98.5m (6M 2015: EUR103.6m), and EPRA
    like-for-like GRI of EUR87.6m (6M 2015: EUR92.8m) - Group NRI was
    EUR95.6m (6M 2015: EUR97.9m), with EPRA like-for-like NRI of
    EUR85.5m (6M 2015: EUR89.0m) - Group operating margin increased from
    94.5% to 97.1% mainly due to an improvement in receivables
    collection - EPRA occupancy steady at 95.4% (31 December 2015:
    96.7%). Russian occupancy remained high at 89.9% - Profit before
    taxation was EUR63.7m compared to a loss of EUR4.8m in the first
    half of 2015 with the increase primarily driven by a EUR13.6m
    revaluation in our core markets (compared to a EUR36.7m devaluation
    during the same period last year due to the Russian portfolio) and
    a EUR11.3m decrease in finance expenses - Company adjusted EPRA
    earnings per share was 15.6 EURcents (6M 2015: 16.0 EURcents) -
    EBITDA, excluding revaluation and disposals, was EUR76.1m (6M 2015:
    81.3m), mainly as result of lower income in Russia - The value of
    Group's portfolio of 62 standing investments stood at EUR2.6
    billion (31 December 2015: 77; EUR2.7 billion) - EPRA Net asset value
    ("NAV") per ordinary share increased slightly to EUR5.65 (31
    December 2015: EUR5.64) after first and second quarter dividend of
    EUR0.0675 per share paid as capital repayment in March 2016 and June
    2016 - Third quarterly dividend of EUR0.0675 per share due to be paid
    as a capital repayment on 30 September 2016 to shareholders on the
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    EANS-Adhoc Atrium European Real Estate Limited / FIRST HALF 2016 RESULTS SHOW CONTINUED STEADY OPERATIONAL PROGRESS - Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. - Mid Year Results …