Outlook 2022

OUTLOOK FOR THE YEAR 2022 (revised 10 August 2022)

 Citycon forecasts the 2022 direct operating profit to be in range EUR 170–180million, EPRA EPS EUR 0.68–0.72 and adjusted EPRA EPS EUR 0.50–0.58.

 

 

Current (10 August 2022)

Previous (5 May 2022)

Midpoint change vs previous

Initial (17 February 2022)

Midpoint change vs. initial

Direct operating profit

MEUR

170–180

168–180

+1

164–180

+3

EPRA Earnings per share (basic)

EUR

0.68–0.72

0.66–0.72

+0.01

0.62–0.72

+0,03

Adjusted EPRA Earnings per share (basic)

EUR

0.50–0.58

0.49–0.58

+0.005

0.48–0.58

+0,01

The outlook assumes that there are no major changes in macroeconomic factors and that there will not be another wave of COVID-19 with restrictions resulting in significant store closures and no major disruptions from the war in Ukraine.  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.

 

Source: Interim Report Q2/2022