Officiis Properties : 2017/2018 FY Sales Press rel
Post# of 301275
Press release Paris, May 16, 2018
Consolidated sales 2017/2018
Officiis Properties announced its consolidated sales [1] for the Financial Year 2017/2018 (01/04/2017 to 31/03/2018). Consolidated sales came to € 11.7 million.
The financial information presented in this press release is unaudited and has not yet been presented to the Board of Directors.
Sales by quarter
| In € millions | 2017/2018 | 2016/2017 | Ecart (%) |
| Q1 (01.04 - 30.06) | 2.1 | 1.9 | +10.5% |
| Q2 (01.07 - 30.09) | 2.9 | 2.3 | +24.6% |
| Q3 (01.10 - 31.12) | 3.2 | 2.5 | +29.3% |
| Q4 (01.01 - 31.03) | 3.5 | 1.8 | +94.2% |
| 2017/2018 Total | 11.7 | 8.5 | +37.7% |
The breakdown of the consodliated sales for the FY 2017/2018 (€11.7 million) is as follows:
- Gross rental income amounted to €7,9 million, up 50.4 % compared to FY 2016/2017. This increase is mainly due to the starts of the new leases signed.
- Service charges re-invoiced to tenants amounted to €3,8 million (€3.2 million in FY 2016/2017), also up +16.9 % for the same reason.
At March 31 st , 2018 the company and its subsidiaries have €9.9 of cash at hand.
As at September 30 th , 2017 the company reported a global consolidated indebtedness of 85.3%, that didn't not significantly change since.
The company's FY 2017/2018 results will be released on July 12th, 2018.
The annual general meeting will take place on September 14 th , 2018
Contact
Pierre Essig, Directeur général, Officiis Properties
52B, rue de la Bienfaisance, 75008 Paris
Tél. +33 (0)1 83 92 33 86,
For more information, and/or to contact us, visit the company website: https://officiis-properties.com: https://officiis-properties.com
About Officiis Properties
Officiis Properties (previously Züblin Immobilière France) is a listed property company that has opted for SIIC status and invests in office properties. Its real estate portfolio consists of four office buildings in the Paris region.
Officiis Properties shares are listed on Euronext Paris Compartment C, an NYSE Euronext market - ISIN: FR0010298901
[1] Consolidated sales include gross rental income + service charges re-invoiced to tenants as stated in the individual financial statements of Group companies.
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