Covivio H1 Revenue Up 6.5%, Raises 2024 Guidance
July 22 (Reuters) -Covivio SA CVO.PA:
FIRST-HALF 2024 RESULTS
H1 2024 REVENUE AT EUR 326.8 MLN VS 321.2 LAST YR, UP 6.5%
H1 RECURRING NET RESULT (ADJUSTED EPRA EARNINGS) UP +3% TO €231 MILLION (€2.24 PER SHARE, DOWN 4.8%)
IMPROVED 2024 OUTLOOK
2024 RECURRING NET RESULT GUIDANCE (ADJUSTED EPRA EARNINGS) OF AROUND €460 MILLION (COMPARED WITH AN INITIAL GUIDANCE OF €440M), UP +6% VERSUS. 2023
H1 OCCUPANCY RATE AT 97.1%
H1 NET LOSS FOR THE PERIOD (GROUP SHARE) EUR 8.4 MLN VERSUS LOSS 689.7 MILLION YEAR AGO
AIMS TO RETURN TO A FULL CASH DIVIDEND PAYMENT FOR 2024, WITH A PAYOUT RATIO OF OVER 80%
Source text for Workspace: ID:nNDL1Hdsw3
Further company coverage: CVO.PA
(Gdansk Newsroom)
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