Brief: Realia FY Net Profit Down At 2.1 Mln Euros YoY

Realia Business SA

25/02/2021 08:51

Feb 25 (Reuters) - Realia Business S.A.  RLIA.MC :
    * FY 2020 TOTAL REVENUE 104.3 MILLION EUROS VS 97.0 MILLION
EUROS
IN 2019, UP 7.5%
    * FY 2020 EBITDA 51.9 MILLION EUROS VS 49.5 MILLION EUROS IN
2019,
UP 4.8%
    * FY 2020 NET PROFIT 2.1 MILLION EUROS VS 44.9 MILLION EUROS
IN
2019, DOWN 95.3%
    * COMMERCIAL MEASURES ADOPTED BY GROUP IN SUPPORT TO TENANTS
AFFECTED BY COVID 19 REGISTERED AN IMPACT ON FINANCIAL
STATEMENTS OF 3.4 MILLION EURO
    * SAYS DEMAND FOR SPACES, HOUSING AND ITS SALE PRICE MAY BE
AFFECTED DUE TO COVID 19
    * SEES MAINTAINING THE DEMAND FOR NEW HOUSES BUT NEW
PROJECTS
SLOWING DOWN IN 2021
    * SEES EVOLUTION OF MARKET AS UNEVEN ACCORDING TO DIFFERENT
GEOGRAPHICAL AREAS, LITTLE FINANCING FOR THE PURCHASE OF LAND
AND HARDENING UNTIL ALMOST DISAPPEARANCE OF FINANCING FOR THE
PROMOTER
    

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nCNM8PLswS
    
 Further company coverage:  RLIA.MC  
   


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