Aroundtown SA report net rental income increase of 22% for 9-month 2019

  • Nov 27, 2019 GMT
  • Team Kalkine
  • Aroundtown SA (0RUH) has released its 9-month 2019 results.
  • The company’s net rental income increased by 22 per cent to grew to EUR555 million from EUR456 million during the corresponding period in 2018.
  • The Adjusted EBITDA was higher by 26 per cent to EUR557 million, as compared to EUR440 million for the first nine months of 2018.
  • The company reported that reflecting solid operational profitability the FFO I increased by 25 per cent YOY to EUR371 million. Full-year 2019 FFO I guidance of the company is at over EUR500 million.
  • Profit for the reported period amounted to EUR1.5 billion, up YOY by 6 per cent.

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