Outlook 2020

OUTLOOK FOR THE YEAR 2020 SPECIFIED  (4 November2020)

Citycon forecasts the 2020 direct operating profit to be in range EUR 178-185 million, EPRA EPS EUR 0.740-0.780 and adjusted EPRA EPS EUR 0.650-0.690

 

 

 

 

Previously

Direct operating profit

MEUR

178-185

171-189

EPRA Earnings per share (basic)

EUR

0.740-0.780

0.710-0.810

Adjusted EPRA Earnings per share (basic)

EUR

0.650-0.690

0.610-0.710

The outlook assumes that there are no major changes in macroeconomic factors and that there will not be a second wave of COVID-19 with restrictions resulting in significant store closures. 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.

Previous Outlook  (4.8.2020)
Citycon forecasts the 2020 direct operating profit to be in range EUR 171-189 million, EPRA EPS EUR 0.710-0.810 and adjusted EPRA EPS EUR 0.610-0.710.

The outlook assumes that there are no major changes in macroeconomic factors and that there will not be a second wave of COVID-19 with restrictions resulting in significant store closures. 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: Interim Report Q2/2020

Updated

04.11.2020