Brief: Texaf H1 Consolidated Recurring EBITDA Up At EUR 6.3 Mln

Texaf NV

04/09/2020 07:14

Sept 4 (Reuters) - TEXAF SA  TEXB.BR :
    * HALF-YEARLY RESULTS 2020
    * H1 RENTS FOR THE REAL ESTATE ACTIVITY AND ITS RECURRING
OPERATING RESULT INCREASED BY 3% TO EUR 9,797 K AND BY 3% TO EUR
4,865 K RESPECTIVELY
    * H1 GROUP’S SHARE OF THE NET RESULT REACHED EUR 3,154 K
(VERSUS
EUR 4,154 K IN THE FIRST HALF OF 2019).
    * H1 RECURRING OPERATING RESULT INCREASED BY 3% TO EUR 4,865
K FOR
REAL ESTATE ACTIVITIES
    * H1 SALES FROM QUARRYING ACTIVITY (CARRIGRES) INCREASED BY
18% TO
EUR 1,186 K
    * TRAVEL RESTRICTIONS COULD LEAD TO A CERTAIN AMOUNT OF
RENTAL
VACANCIES IN THE 2ND HALF OF 2020
    * CONSTRUCTION SITES WERE SUSPENDED DURING THE LOCKDOWN
    * EXPECTED DELIVERY OF BOIS NOBLES II HAS BEEN PUT BACK TO
APRIL
2021
    * H1 CONSOLIDATED RECURRING EBITDA EUR 6.3 MILLION VERSUS
EUR 5.8
MILLION YEAR AGO
    * LIQUIDITY POSITION INCREASED FROM EUR 4,123 K AT THE END
OF
DECEMBER 2019 TO EUR 4,616 K ON 30 JUNE 2020
    * THE PETIT-PONT OFFICE BUILDING WILL BE AVAILABLE IN
NOVEMBER
2020
    * H1 CONSOLIDATED REVENUE FROM ORDINARY ACTIVITIES EUR 11.0
MILLION VERSUS EUR 10.5 MILLION YEAR AGO
    * DUE TO LATE DELIVERY, INCREASE IN RENTS IN 2021 WILL BE
EUR 300
K LOWER THAN PREDICTED

Source text for Eikon:  ID:nNDL8w864f 
Further company coverage:  TEXB.BR 

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