Citycon Oyj's Interim Report for 1 January - 30 September 2018

Solid Operating Performance Continued and Administrative expenses Declined Significantly - Seite 2

KEY FIGURES

   
                                            Q1-Q3   Q1-Q3            Comparable
                      Q3/2018 Q3/2017 %1)   /2018   /2017     %1)    change % 3)   2017
    Net rental
    income       MEUR   53.6    58.6 -8.6% 161.2    174.6     -7.7%   -5.4%        228.5
    Direct
    operating
    profit 2)    MEUR 47.8    51.7  -7.5% 143.6    154.7     -7.2%    -4.8%        200.5
    Earnings per
    share
    (basic)      EUR  -0.01   0.01    -     0.01    0.07      -82.7% -81.8%        0.10
    Fair value
    of
    investment
    properties   MEUR 4,183.4 4,184.2 0.0%  4,183.4 4,184.2   0.0%    -         4,183.4
    Loan to
    Value (LTV)
    2)           %    48.2    47.5    1.5%  48.2    47.5      1.5%    -            46.7
    EPRA based
    key figures
    2)
    EPRA
    Earnings     MEUR 36.8    39.3    -6.4% 109.3   118.5     -7.8%  -6.3%        152.3
    EPRA
    Earnings per
    share
    (basic)      EUR  0.041   0.044   -6.4% 0.123   0.133     -7.8%  -6.3%        0.171
    EPRA NAV per
    share        EUR  2.66    2.78    -4.3% 2.66    2.78      -4.3%   -            2.71

1) Change from previous year. Change-% is calculated from exact figures.
2) Citycon presents alternative performance measures according to the European Securities and Markets Authority (ESMA) new guidelines. 
More information is presented in Basis of Preparation and Accounting Policies in the notes to the accounts.
3) Change from previous year (comparable exchange rates). Change-% is calculated from exact figures.

CEO MARCEL KOKKEEL:

"Our strategic focus is to concentrate on multi-functional shopping centres in growing urban areas. During the third quarter, we continued to execute on our strategy and successfully opened our newest shopping centre Mölndal Galleria in greater Gothenburg in Sweden. The new centre consist of 26,000 square meters of retail, groceries, food and beverage as well as services with excellent connections to public transportation at the heart of the growing city of Mölndal. Mölndal Galleria is a true testimony to Citycon's strategy to recycle and deploy capital to high quality irreplaceable assets in growing urban areas. We have been very pleased with how Mölndal Galleria has been received by the local community and we are confident that it will be the social and commercial hub of the surrounding community.