Press release

Paris, May 16, 2018

Consolidated sales 2017/2018

Officiis Properties announced its consolidated sales1for the Financial Year 2017/2018 (01/04/2017 to 31/03/2018). Consolidated sales came to€11.7 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

Δ (%)

Q1 (01.04 - 30.06)

+10.5%

Q2 (01.07 - 30.09)

+24.6%

Q3 (01.10 - 31.12)

+29.3%

Q4 (01.01-31.03)

+94.2%

2017/2018 Total

+37.7%

2017/2018

2016/2017

2.1

1.9

2.9

2.3

3.2

2.5

3.5

1.8

11.7

8.5

The breakdown of the consodliated sales for the FY 2017/2018 (€11.7 million) is as follows:

  • -Gross rental income amounted to€7,9 million, up 50.4 % compared to FY 2016/2017. This increase is mainly due to the starts of the new leases signed.

  • -Service charges re-invoiced to tenants amounted to €3,8 million (€3.2 million in FY 2016/2017), also up +16.9 % for the same reason.

At March 31st, 2018 the company and its subsidiaries have €9.9 of cash at hand.

As at September 30th, 2017 the company reported a global consolidated indebtedness of 85.3%, that didn't not significantly change since.

The company's FY2017/2018 results will be released on July 12th, 2018.

The annual general meeting will take place on September 14th, 2018

1Consolidated sales include gross rental income + service charges re-invoiced to tenants as stated in the individual financial statements of Group companies.

Contact

Pierre Essig, Directeur général, Officiis Properties 52B, rue de la Bienfaisance, 75008 Paris

Tél. +33 (0)1 83 92 33 86,

For more information, and/or to contact us, visit the company website: https://officiis-properties.com:https://officiis-properties.com

About Officiis Properties

Officiis Properties (previously Züblin Immobilière France) is a listed property company that has opted for SIIC status and invests in office properties. Its real estate portfolio consists of four office buildings in the Paris region.

Officiis Properties shares are listed on Euronext Paris Compartment C, an NYSE Euronext market - ISIN: FR0010298901

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Disclaimer

Officiis Properties SA published this content on 22 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 May 2018 10:32:09 UTC