Share on:
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.