Citycon forecasts the 2017 Direct operating profit to change by EUR -1 to 9 million (previously -7-12) and EPRA Earnings to change by EUR -4 to 5 (previously -13-5) million from the previous year. Additionally, the company expects EPRA EPS (basic) to be EUR 0.165–0.175 (previously 0.155-0.175).
These estimates are based on the existing property portfolio as well as on the prevailing level of inflation, the EUR–SEK and EUR–NOK exchange rates, and current interest rates. Premises taken offline for planned or ongoing (re)development projects reduce net rental income during the year.
Source: Citycon's Half-Yearly Report, January-June2017