Press release
Neuilly-sur-Seine, October 16, 2014
H1 2014/2015 consolidated sales
Today, Züblin Immobilière France announced its consolidated sales[1]:
#_ftn1 for the first half of the 2014/2015 financial year (04/01/2014 to 09/30/2014) which amounts to €4.5 million.
The financial information presented in this press release is unaudited and has not yet been presented to the Board of Directors.
Sales by quarter
In € millions | 2014/2015 | 2013/2014 | Change (%) |
Q1 (04.01 - 06.30)..................................................................... | 2.1 | 3.2 | -34.4% |
Q2 (07.01 - 09.30)..................................................................... | 2.4 | 2.1 | +14.3% |
Six-months total........................................................................ | 4.5 | 5.3 | -15.1% |
The breakdown of H1 consolidated sales for the current financial year (€4.5 million) is as follows:
- Gross rental income amounted to €3.6 million, down 15% compared to the same period of FY 2013/2014 (€4.3 million) due to the sale of Danica's building. Like-for-like, Gross rental income increased by 13% (€3.2 million in H1 of FY 2013/2014), mainly due to the reopening of Imagine building following its renovation.
- Service charges re-invoiced to tenants amounted to €0.9 million in H1 of FY 2014/2015 (€1.1 million in the same period of FY 2013/2014).
H1 2014/2015 results are scheduled to be released on November 18, 2014.
Contacts
Eric Berlizon, CFO, Züblin Immobilière France
20-26, boulevard du Parc, 92200 Neuilly-sur-Seine
Tel: +33 (0)1 40 82 72 40, info@zueblin.fr:
mailto:info@zueblin.fr
More information is available on our website: www.zueblin.fr:
http://www.zueblin.fr
About Züblin Immobilière France
Züblin Immobilière France is a listed property company that has opted for SIIC status. The company invests in office properties, and features a real estate portfolio consisting of six office buildings in Paris Region and Marseille.
Shares of Züblin Immobilière France trade on compartment C of Nyse Euronext Paris - ISIN: FR0010298901
[1]:
#_ftnref1 Consolidated sales include gross rental income as mentioned in IFRS financial statements + service charges re-invoiced to tenants as stated in the individual financial statements of Group companies.
http://hugin.info/154739/R/1863694/653945.pdf
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Züblin Immobilière France via Globenewswire