REVENUE FOR THE FIRST 9 MONTHS OF 2018 UP 20%
16 Oct 2018
SUSTAINED ACTIVITY ACROSS ALL BUSINESS LINES
Large mixed-use projects
- Major progress at Issy Coeur de Ville, Toulouse Aerospace and Bezons Cœur de Ville
Residential
- New orders: continued gain in market shares with €1,901 million (+12%) i.e. 7,423 units (+9%)
- Acquisition of the entire share capital of Histoire & Patrimoine, an expert in urban regeneration
Business Property
- Development: very strong operational activity (construction and deliveries)
- Sale to CNP Assurances of Altarea Cogedim Group’s future head office (signing post closing)
Retail
- Rental income: €139 million (+ 1.9% on a like-for-like basis)
- Sound asset management: financial vacancy rate and bad debts in sharp decline
Corporate Social Responsibility (CSR)
- GRESB "Green Star" status confirmed
Financial indicators
- 9-month consolidated revenue: €1,573 million (+ 20%)
- Net financial debt: €2,703 million (vs. €2,801 million at 30 June 2018)