ATENOR — Earnings Release 2017

Mar 8, 2018

ANNUAL RESULTS 2017

Net consolidated result € 22.18 Mio. (+8,80%)

Profit per share

€ 4.07

Development 800.000 m²

Projects 18

Towns

11

Countries 6

Growth in earnings and development of an international positioning.

ATENOR ended the 2017 financial year with a net consolidated result of €22.18 million, up for the fifth consecutive year.

Results were generated by the sale of three buildings of the Vaci Greens project in Budapest, one of which was sold on plan. ATENOR also benefited from rental income from these buildings prior to the sale, and rental income generated by the HBC buildings in Bucharest, which are fully leased. This year, Central Europe therefore accounts for almost 75% of the earnings.

In addition, as last year, ATENOR continued the construction and marketing of several residential projects on which the margin on units sold is recorded as construction works progress.

Within the framework of its international positioning, ATENOR acquired new projects in the Grand Duchy of Luxembourg, Budapest, Bucharest, and a first project in the Paris region and a first project in Warsaw. ATENOR nonetheless remains a key player on the Brussels market, particularly in the Canal District and the European Quarter.

Given the uncertainties inherent to the real-estate development business, ATENOR is viewing 2018 with caution, carried by the advantage its international diversification represents.

Stéphan Sonneville s.a. CEO

Financial calendar

Ordinary General Assembly 2017.	27.04.2018
Dividend payment (subject to the approval of the General Assembly).	03.05.2018
Intermediate declaration for 1st quarter 2018.	23.05.2018
Half-year results 2018.	30.08.2018
Intermediate declaration for 3rd quarter 2018.	15.11.2018

ATENOR is a real estate development company quoted on Euronext Brussels. Through our urban planning and architectural approach, we aim to provide appropriate responses to the new requirements being imposed by developments in urban and professional life. Within this framework, ATENOR invests in large scale property projects meeting strict criteria in terms of location, economic efficiency and respect for the environment.