Outlook 2021

OUTLOOK FOR THE YEAR 2021 (SPECIFIED 28.10.2021)

Citycon forecasts the 2021 direct operating profit to be in range EUR 173–180 million, EPRA EPS EUR 0.683–0.723 and adjusted EPRA EPS EUR 0.558-0.598. Adjusted EPRA Earnings per share outlook includes also the coupons of the recently issued EUR 350 million hybrid issued in June 2021.

 

 

 

Previously

Direct operating profit

MEUR

173–180

173–184

EPRA Earnings per share (basic)

EUR

0.683–0.723

0.676–0.726

Adjusted EPRA Earnings per share (basic)

EUR

0.558-0.598

0.558–0.608


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. 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 Q3/2021