PR Newswire/Les Echos/ ? Paris, 14 November 2008, 5:45 pm CET Quarterly information as at 30 September 2008 1) CONSOLIDATED TURNOVER (NINE MONTHS) BREAKDOWN 01/01/2008 01/01/2007 Change to to % In millions of euros 30/09/2008 30/09/2007 Investment property 61.2 59.2 +8.9% Lease finance 22.2 25.1 -11.4% Property development 3.3 6.9 -53.1% Business centres 6.2 5.7 +8.7% Other 7.5 7.5 0.0% For the first nine months of the year, the Group's turnover stands at €100.4 million, virtually stable in comparison to the previous year. Investment property Turnover from investment property rose significantly (8.9%), particularly due to the increased rental revenue and the acquisitions made in the first half of the year. During this 3rd quarter, Affine undertook the acquisition of a commercial complex under construction covering 18,000 square metres in the centre of Nevers , scheduled for delivery in 2010. In addition, two leases were renewed and ten new ones came into effect, representing total annual rental revenue of €1,053, 000. In the 3rd quarter, AffiParis signed four new leases representing total annual rental revenue of €113,000 and almost doubled its rental figures for the first nine months of the year. Banimmo achieved significantly increased rental revenue (up by 21.8%) and has continued its investments in businesses located in the Paris region as well as the completion of a building for future use by Mobistar. Société anonyme au capital de 47 800 000 Euros - Siège social : 4 square Edouard VII, 75009 PARIS Tél. : 01 44 90 43 00 - Télécopieur : 01 44 90 01 48 - Email : info@affine.fr 712 048 735 RCS Paris - N° TVA intracommunautaire FR92712048735 Finance leases Over the 3rd quarter 2008, seven options were exercised, including two which were exercised in advance, within the scope of the lease financing activities carried out by Affine as a credit institution. The drop in turnover is continuing, due to the amortisation of existing operations and the low number of new operations planned. Property development Excluding Abcd, turnover increased by 9% in the first 9 months of the year. The sale of Abcd by Affine in February 2008 explains the lower turnover figures both for the 3rd quarter (down 15%) and the whole 9 months (down 53.1%) when compared to the previous financial year. Concerto Développement delivered a platform covering 42,000 square metres in Hem (France) to Logiffine, the joint venture set up with MGPA. In Spain, the Alcala building (9,000 sqm) was delivered to its purchaser. Business centres The turnover of BFI business centres increased 8.7%. During this quarter, BFI won the bid for the business centre that ADP is planning to open in Roissy- Charles de Gaulle. 2) SIGNIFICANT EVENTS ? 16 September 2008: Affine announced the acquisition of a commercial complex under construction in the centre of Nevers (France). 3) FINANCIAL SITUATION AS AT 30 SEPTEMBER 2008 There were no significant changes in the Group's financial structure in comparison with 30 June 2008. The Group has secured its current cash requirements without making use of the credit lines available to the Group for the 2009 financial year, a year in which there are no outstandings due to reach final maturity. Total consolidated turnover 100.4 101.4 - 1.0% <1> BREAKDOWN 3rd quarter 3rd quarte Change In millions of euros 2008 2007 % Investment property 21.3 21.8 - 2.3 % Lease finance 9.0 9.9 - 9.0 % Property development 0.4 4.8 - 91.7% Business centres 2.0 2.0 0.0 % Other 0.6 0.8 - 25.0 % Total consolidated turnover 33.3 39.2 - 15.0 %2/3 CONSOLIDATED TURNOVER FOR THE THIRD QUARTER 2008Société anonyme au capital de 47 800 000 Euros - Siège social : 4 square Edouard VII, 75009 PARIS Tél. : 01 44 90 43 00 - Télécopieur : 01 44 90 01 48 - Email : info@affine.fr 712 048 735 RCS Paris - N° TVA intracommunautaire FR92712048735 CONTACTS CITIGATE DEWE ROGERSON : Nicolas Castex - Agnès Villeret Tel.: + 33(0)1 53 32 78 88/95 - nicolas.castex@citigate.fr or agnes.villeret@ citigate.fr AFFINE: Maryse Aulagnon - Alain Chaussard Tel.: + 33(0)1 44 90 43 10 - info@affine.fr Antoine-Pierre de Grammont, Corporate Communication Officer Tel.: + 33 (0)1 44 90 43 53 - antoine-pierre.de-grammont@affine. fr 3/3 Société anonyme au capital de 47 800 000 Euros - Siège social : 4 square Edouard VII, 75009 PARIS Tél. : 01 44 90 43 00 - Télécopieur : 01 44 90 01 48 - Email : info@affine.fr 712 048 735 RCS Paris - N° TVA intracommunautaire FR92712048735 The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication.
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- AFFINE : Quarterly information as at 30 September 2008