Residential: growth in the 3rd quarter, in line with post-lockdown recovery
New orders1 (9-month): €2,407 million (+13%) for 8,520 units (+9%)
Notarised sales2 (9-month): €2,612 million (+68%)
Revenue3 (9-month): €1,651 million (+21%)
Retail: encouraging return to normal potentially suspended
Retailer sales for the 3rd quarter: +1.2%4
Net rental income (9-month): €140.8 million (down 7.4%, o/w -6.4% 'Covid impact')
Good progress in negotiations with retailers
Once again, only essential businesses can stay open
Business Property: good resumption in business
New orders (9-month): €138.6 million
Building sites: good progress, but only partly offsetting delays in the spring
Delivery of Danone headquarters in Rueil-Malmaison (92) in early October
Numerous operations under discussion, particularly in the Regions
Consolidated financial indicators: performance in challenging times
9-month revenue: €2,099 million (+10.5%), +15.4% in Q3
Net debt5: €2,429.2 million (-€46.1 million vs. 31/12/2019)
Strong liquidity: €3,149 million at 30 September 2020, no RCFs6 drawn
Return of lockdown
Impact on FFO in the latter part of 2020 hard to gauge
Resumption of growth in FFO in 2021. Precise timing depending on the stabilisation of the health situation
Unaudited data as at 30 September 2020
New orders net of withdrawals, in euros including VAT when expressed in value. New orders at 100%, with the exception of projects under joint control (Group share of placements, including Woodeum).
Client's definitive commitment is legally materialised upon the notarial signature, which regularises a reservation contract (depending on the stage of technical progress, client pays between 30% to 100% of the price at the notarial signature).
Revenue by percentage of completion (technical and commercial) and external services.
On a like-for-like basis, in July, August and September on the French scope (+1.0% including Sant Cugat shopping centre in Spain).
Consolidated bank and bond net debt.
Revolving credit facilities.
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Altaréa SCA published this content on 05 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2020 17:26:04 UTC
Altarea is the leading property developer in France. As both a developer and an investor, the Group operates in the three main property markets (Retail, Residential and Business property), leading major mixed-use urban renewal projects in France. The Group has the required expertise in each sector to design, develop, market and manage made-to-measure property products.
In Retail, Altarea manages, at the end of 2023, a portfolio worth EUR 4.1 billion.
ALTAREA 
