Brief: ATENOR Confirms It Expects FY Results Higher Than In 2020

Atenor SA

18/11/2021 16:45

Nov 18 (Reuters) - Atenor  ATEO.BR :
    * CONFIRMS IT EXPECTS 2021 RESULTS TO BE HIGHER THAN 2020
RESULTS
    * FORECAST FOR 2021 DOES NOT INCLUDE CLOSING OF MAJOR
TRANSACTIONS
UNDER NEGOTIATION IN SEVERAL COUNTRIES
    * FORECAST WILL BE REFINED DEPENDING ON THE PROGRESS OF THE
CONCLUSION OF THESE TRANSACTIONS
    * PREVIOUSLY ANNOUNCED ACQUISITION OF THE VICTOR HUGO
PROJECT
(PARIS CBD) HAS BEEN FORMALISED
    * DOES NOT EXPECT MAJOR NEW ACQUISITIONS BY END OF 2021, BUT
SEVERAL PROJECTS ARE UNDER DISCUSSION
    * IN BRUSSELS, PERMIT FOR THE REALEX PROJECT IS STILL
PENDING
    * 24% OF PORTFOLIO CURRENTLY UNDER CONSTRUCTION, AMONGST
WHICH
MORE THAN 40% ALREADY SUBJECT TO PRELEASE OR PRESALE AGREEMENT
    * EXPECTS LENGTHY BUILDING PERMIT PROCEDURES UNDERTAKEN IN
2020 OR
EARLIER TO BE COMPLETED IN LAST FEW WEEKS OF 2021 OR EARLY 2022,
WITHOUT CHANGE IN OVERALL DEVELOPMENT SCHEDULE OF PROJECTS
CONCERNED
    * SALES: MAJOR OFFICE TRANSACTIONS ARE CURRENTLY UNDER
NEGOTIATION
BUT CONCLUSION AND TIMING REMAINS UNCERTAIN, PARTICULARLY DUE TO
COVID
    * CONFIRMS DIVIDEND POLICY

Further company coverage:  ATEO.BR 

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