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2021 First Quarter revenues
11 May 2021
Finance
1 - Financial information
2021
Regulatory information

Revenue of €655.1 million (+15.7%) driven by Residential

Residential: good level of new orders despite supply shortages

  • New orders: 2,121 units (+4%) valued at €587 million (-8% given change in the customer mix)
  • Revenue: €537.8 million (+39%), driven by built-in momentum and smooth technical and commercial project development

Business Property: major deliveries and new developments

  • Delivery of Bridge, Orange's new head office in Issy-les-Moulineaux
  • Delivery of Eria in La Défense (Campus Cyber)
  • Reloading the pipeline in Île-de-France and the regions

Retail: retail trading still disrupted pending the lifting of lockdown on 19 May

  • Rental income: €47.5 million (-2.1% on a like-for-like basis)
  • Recovery rate in Q1 2021: 67.7%1
  • Strong leasing activity on the existing portfolio and projects under development

Urban transformation: major progress on two large mixed-use projects

  • Quartier Guillaumet, Toulouse (101,000 m²): commencement of work and ÉcoQuartier labelisation
  • Bobigny-Coeur de Ville (104,000 m²): demolition of the existing shopping centre completed

Very robust financial indicators

  • Q1 consolidated revenue: €655.1m (+15.7%)
  • • Net debt2: €2,316m (down €310 million over 12 months)

General Meeting of shareholders of 29 June 2021 at 3 p.m.

  • Proposed dividend up 5.6% to €9.50/shar, with an option to take part-payment in shares3
  • The major shareholders representing alltogether nearly 80% of the capital, already announced their intention to opt for the part-payment in shares.
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Altaréa SCA published this content on 11 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2021 16:05:07 UTC.