Brief: Frey H1 Operating Profit From Recurring Operations Up At 23.0 Million Euros

Frey SA

23/09/2021 16:08

Sept 23 (Reuters) - Frey SA  FREY.PA :
    * H1 RENTAL INCOME: €32.4M (+21%)
    * OVER THE NEXT 12 MONTHS, THE GROUP WILL PURSUE ITS GROWTH
STRATEGY BASED ON THE DEVELOPMENT OF RETAIL ASSETS PERFECTLY
SUITED TO THE HEALTH CONTEXT (OPEN-AIR RETAIL, OPTIMAL VALUE FOR
CONSUMERS AND RETAILERS, USER-FRIENDLINESS AND SUPPORT FOR THE
LOCAL ECONOMIC FABRIC)
    * H1 CONSOLIDATED REVENUE EUR 42.3 MILLION VERSUS EUR 40.1
MILLION
YEAR AGO
    * H1 PROFIT FROM RECURRING OPERATIONS: €23.0M (+44%)
    * PLANS TO LAUNCH THREE PROJECTS: VILLAGE DES DOCKS IN
SAINT-OUEN,
SHOPPING PROMENADE LLEIDA IN SPAIN AND OPEN NEAR THE SWISS
BORDER
    * H1 NET INCOME GROUP SHARE EUR 25.0 MILLION VERSUS LOSS EUR
3.3
MILLION YEAR AGO
    * H1 FINANCIAL OCCUPANCY RATE: 97.8%
    * AT THE END OF JUNE 2021, THE GROUP'S BANK DEBT AMOUNTED TO
€573.2 MILLION (INCLUDING €460.9 MILLION IN CORPORATE LINES) AND
FREY HAD €182.8 MILLION IN LIQUIDITY

Source text for Eikon:  ID:nNDL8hDSrk 
Further company coverage:  FREY.PA 

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