THIRD QUARTER 2017 REVENUE
13 Nov 2017
9M 2017 REVENUE: €1,314 MILLION (+19.0%)
OPERATIONAL SUCCESS STORIES ACROSS ALL BUSINESS LINES
Property Development (residential and offices)
- New orders: €2,409 million (incl. tax)(+27.3%)
- Of which residential: €1,702 million (+23.7%) and 6,787 units (+16.8%)
- Of which offices: €707 million (+36.8%)
- Operational success stories:
- Large mixed-use projects: Delivery of the largest Grand Paris development scheme (100,000 m² in Massy)
- Residential: Cogedim awarded "Customer Service of the Year 2018"
- Offices: Signature of Orange and Parfums Christian Dior headquarters leases (81,000 m² total)
Retail
- Rental income: +4.5% to €144.1 million (+2.8% on a like-for-like basis)
- Disposals for a combined amount exceeding €130 million
- Bid won: 45,000 m² iconic project near the Swiss border (Ferney-Voltaire)
CSR performance
- GRESB: Altarea Cogedim no. 1 out of 194 listed real estate companies assessed worldwide
Financial indicators
- Consolidated revenue: €1,314 million (+19.0%)
- Net debt: €2,577 million (vs. €2,578 million at 30 June 2017)