Brief: Park Street Nordicom Issues Prelim 2020 Figures, Strategy 2021

Park Street A/S

28/01/2021 15:13

Jan 28 (Reuters) - Park Street Nordicom A/S  PSNRDCa.CO :
    * REG-STRATEGY 2021
    * ESTIMATED EBVAT FOR 2020 IS DKK 80M WHICH IS MARGINALLY HIGHER THAN PREVIOUSLY PUBLISHED
ESTIMATES
    * ESTIMATED 2020 RENTAL INCOME DKK 165.1 MILLION
    * ESTIMATED 2020 EBIT DKK 105.0 MILLION
    * TARGETS 2022 EBVAT OF DKK 102.81 MILLION
    * 2021-2022 ASSUMPTIONS ON BUDGET: RENTAL INCOME: INCOME FROM NEW LEASES OF DKK 17M IN THE
BASE
CASE SCENARIO AND DKK 10M IN THE DOWNSIDE SCENARIO
    * 2021-2022 ASSUMPTIONS ON BUDGET: FUTURE VACANCIES: ASSUMPTION OF 20% OF TENANTS IN RETAIL
–
CONSUMER GOODS AND F&B IN THE DOWNSIDE SCENARIO
    * 2021-2022 ASSUMPTIONS ON BUDGET: DELINQUENCIES: ASSUMPTION OF 50% OF UNPAID RENTS BY END
OF 2020
IN THE BASE CASE SCENARIO AND 100% ON THE DOWNSIDE SCENARIO
    * 2021-2022 ASSUMPTIONS ON BUDGET: CONTINGENT BUDGET OF 1 MILLION IN DOWNSIDE SCENARIO FOR
UNFORESEEN REPAIR AND MAINTENANCE COSTS (DEPRECIATION)
    * LIMITED CLOSINGS ON NEW LEASES, DELAYS IN PROJECT FINANCING, HOWEVER BACKGROUND WORK
SHOULD
SUPPORT CLOSINGS IN 2021
    * OPERATION FOCUS: COST REDUCTION

Source text for Eikon:  ID:nGNEbk2Mv9 
Further company coverage:  PSNRDCa.CO 

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