Brief: TEXAF End-Dec Consolidated Net Result Group Share Up At Eur 8.4 Million, Does Not Expect Increases In Results In 2023

Texaf NV

24/02/2023 07:10

Feb 24 (Reuters) - Texaf SA  TEXB.BR :
    * 9% INCREASE IN RECURRING OPERATING PROFIT / INCREASED
INVESTMENT
TEMPO
    * END-DEC RENTAL INCOME INCREASED BY 12% TO 22,083 K EUR
    * END-DEC OCCUPANCY RATE FOR BOTH OFFICES AND FLATS HAS
RETURNED
TO ALMOST 100%
    * END-DEC RECURRING OPERATING RESULT ROSE BY 8% TO 9,808 K
EUR
    * 2023 OUTLOOK: GROUP DOES NOT EXPECT SIGNIFICANT INCREASE
IN ITS
RESULTS
    * THE GROUP IS IN A NET DEBT POSITION AT 31 DECEMBER OF
6,347 K
EUR
    * 2023 OUTLOOK: RENTS ON EXISTING PROPERTIES EXPECTED TO
RISE,
IMPACT WILL BE GRADUAL
    * 2023 OUTLOOK: DIGITAL ACTIVITY OF SILIKIN VILLAGE, STILL
IN ITS
LAUNCH PHASE, IS NOT YET EXPECTED TO CONTRIBUTE POSITIVELY TO
GROUP'S RESULTS
    * IS ONLY INDIRECTLY IMPACTED BY WAR IN UKRAINE, THROUGH
INFLATION
IN PRICE OF CONSTRUCTION  MATERIALS WHICH SIGNIFICANTLY
INCREASES COST OF NEW PROJECTS
    * END-DEC CONSOLIDATED NET RESULT GROUP SHARE EUR 8.4
MILLION
VERSUS EUR 5.2 MILLION YEAR AGO
    * OUTLOOK: DOES NOT EXPECT A SIGNIFICANT INCREASE IN ITS
RESULTS
IN 2023
    * 2023 OUTLOOK: NEW PROJECTS, PROMENADE DES ARTISTES AND
SILIKIN
VILLAGE PHASE III, ARE NOT EXPECTED TO COME ON THE MARKET UNTIL
END OF YEAR
    * 2023 OUTLOOK: FOR CARRIGRES, OUTLOOK REMAINS GOOD BUT A
SIGNIFICANT IMPROVEMENT IN RESULTS IS UNCERTAIN AND DEPENDS IN
PARTICULAR ON IMPROVEMENT IN SUPPLY OF ELECTRICITY

Source text for Eikon:  ID:nGNE2vGCbp 
Further company coverage:  TEXB.BR 
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