Edition:
India

Aroundtown Reports 2018 Net Profit Of 1.8 Bln Eur


Thursday, 28 Mar 2019 

March 28 (Reuters) - Aroundtown SA ::NET RENTAL INCOME OF EUR633 MILLION, IMPROVED BY 41% FROM EUR449 MILLION RECORDED IN 2017.ADJUSTED EBITDA OF EUR606 MILLION, AN INCREASE OF 41% COMPARED TO EUR429.3 MILLION RECORDED IN 2017.FFO I GROWING 38% YOY TO EUR405.7 MILLION, FROM EUR293 MILLION IN 2017.NET PROFIT AMOUNTED TO EUR1.8 BILLION DURING PERIOD, INCREASING 19% IN COMPARISON TO 2017.INVESTMENT PROPERTY INCREASED TO EUR14.2 BILLION, UP 45% AS COMPARED TO EUR9.8 BILLION AS AT YEAR-END 2017.2019 GUIDANCE: FFO I 460-470 MILLION EUR.2019 GUIDANCE: RENTAL GROWTH LIKE-FOR-LIKE AROUND 4 PERCENT.2019 GUIDANCE: DIVIDEND PER SHARE 65 PERCENT OF FFO I PER SHARE. 

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