AI assistant
Vitura — Earnings Release 2013
Nov 14, 2013
1756_iss_2013-11-14_78aa462f-0c19-4e8b-8ea8-fd7d3a9850d2.pdf
Earnings Release
Open in viewerOpens in your device viewer
Press release
Paris – November 14, 2013 – 8:30 am Financial Information – 3rd Quarter 2013
Cegereal – Nine-Month Turnover up 19%
• Turnover
Consolidated turnover (IFRS) for the first nine months of 2013 amounted to €40.5 million, an increase of 19% compared with the year-earlier period.
Third-quarter IFRS turnover came to €13.4 million, up 15% year-on-year.
The growth in turnover was led by the gradual start of leases signed in 2012 and 2013.
The occupancy rate stood at 89% at September 30, 2013.
| In thousands of euros, excluding tax | Q3 2013 | Q3 2012 | % change |
Nine months 2013 |
Nine months 2012 |
% change |
|---|---|---|---|---|---|---|
| Rental income | 10,646 | 9,534 | 12% | 32,355 | 27,802 | 16% |
| Charges rebilled to tenants | 2,798 | 2,198 | 27% | 8,137 | 6,319 | 29% |
| Turnover | 13,444 | 11,732 | 15% | 40,491 | 34,120 | 19% |
• Third-quarter 2013 highlights
Europlaza: In July, Cegereal signed a new six-year lease, with effect from June 2013, for 7,400sq.m. with Cap Gemini, a Tour Europlaza tenant.
Operation Go Green: This eco-responsible project is designed to certify Cegereal's entire portfolio to "HQE Exploitation" standards by 2014. Following on from Arcs de Seine last June 21, Tour Europlaza was awarded certification from Certivea in October, bringing the amount of "HQE Exploitation" certified floor space to 75% of the portfolio.
• Outlook
Cegereal is maintaining its objectives:
- Approximately 30% growth in recurring income per share in 2013
- A gradual return to normal dividend payout levels by 2014
Investor Calendar
- November 22-23, 2013 Meetings with individual shareholders at the Actionaria investors fair Palais des Congrès Convention Center, Paris
- February 14, 2014 2013 annual results (before start of trading)
About Cegereal (NYSE Euronext Paris – Compartment B - CGR)
Cegereal is a REIT-style property company ("SIIC") that invests in very large prime office properties. Its portfolio currently comprises three office sites located in the inner suburbs of Paris. The portfolio's appraisal value, as estimated by independent valuers DTZ Eurexi as of June 30, 2013, was €861 million excluding transfer costs.
www.cegereal.com
Media relations Investor relations
[email protected] [email protected]
Aliénor Miens / +33 (0)1 53 32 84 77 / Raphaël Tréguier / +33 (0)1 42 25 76 36 /