Brief: Atenor Confirms 2020 Result Expected Of Around EUR 20 Mln

Atenor SA

18/11/2020 16:45

Nov 18 (Reuters) - ATENOR SA  ATEO.BR :
    * ENSURES THAT PERMIT PROCEDURES CURRENTLY UNDERWAY ARE
CONTINUED,
ALL WORKSITES ARE CONTINUING ON BUDGET AND ON SCHEDULE
    * APARTMENT SALES ARE CONTINUING, WITH NO APPARENT MAJOR
SLOW-DOWN
    * CANNOT YET GIVE MORE PRECISE INDICATION OF 2020 RESULT,
OTHER
THAN TO CONFIRM LEVEL ANNOUNCED IN H1 RESULTS (AROUND EUR 20
MILLION)
    * FINALISATION OF BUILDING SALES TRANSACTIONS UNDERWAY
DEPENDS ON
LOGISTICAL FACTORS
    * PROSPECTS FOR FY 2020 AND 2021: DUE TO ECONOMIC
UNCERTAINTIES, A
20 TO 50% SLOW-DOWN IN TAKE-UP ON ALL EUROPEAN OFFICE MARKETS
    * HAS SUFFICIENT LIQUIDITY TO ENSURE DEVELOPMENT OF PROJECTS
IN
ITS PORTFOLIO AND CONTINUATION OF ITS POLICY OF INTERNATIONAL
GROWTH
    * 2021 RESULTS WILL BE INFLUENCED BY POSSIBLE CARRYING OVER
OF
2020 RESULTS TO 2021, AS WELL AS BY CALENDAR OFEMERGENCE FROM
HEALTH CRISIS
    * CONFIRMS DIVIDEND POLICY

Further company coverage:  ATEO.BR 

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