Edition:
India

Gecina H1 EBITDA Down At 271.4 Million Euros


Thursday, 18 Jul 2019 

July 18 (Reuters) - GECINA SA ::UPWARD REVISION OF EXPECTATIONS FOR 2019 FOLLOWING A SOLID FIRST HALF.2019 RECURRENT NET INCOME PER SHARE GROWTH NOW EXPECTED TO REACH +3%.H1 GROSS RENTAL INCOME EUR 330.6 MILLION VERSUS EUR 335.4 MILLION YEAR AGO.H1 EBITDA EUR 271.4 MILLION VERSUS EUR 274.4 MILLION YEAR AGO.H1 RECURRENT NET INCOME GROUP SHARE EUR 218.8 MILLION VERSUS EUR 230.3 MILLION YEAR AGO.2019 RENTAL INCOME UP +2.0% LIKE-FOR-LIKE (+1.9% FOR OFFICES, +2.5% FOR TRADITIONAL RESIDENTIAL).2019 LIKE-FOR-LIKE OFFICE RENTAL INCOME GROWTH NOW EXPECTED TO COME IN AT OVER +2% (EXCLUDING VACANCY EFFECT), COMPARED WITH +1.7% TO +2.0% PREVIOUSLY.THE AVERAGE FINANCIAL OCCUPANCY RATE FOR THE FIRST HALF OF 2019 WAS 94.6%.2019 RECURRENT NET INCOME PER SHARE OF €2.96, UP +2.5% EXCLUDING THE IMPACT OF NON-STRATEGIC ASSETS SOLD IN 2018 FROM THE EUROSIC SCOPE.