URW: sales up 4% over nine months

(CercleFinance.com) - URW reports sales of 2415 ME for the first 9 months of the year, up 4% on the same period a year earlier.


Jean-Marie Tritant, Chief Executive Officer, highlights 'a continued solid operating performance', with positive sales trends across all businesses.

"This performance is underpinned by a buoyant leasing business, while retail sales remain robust in URW's shopping centers", he says.

"We have now completed or secured 0.8 billion euros of disposal transactions in 2024 as part of our ongoing deleveraging, and continue to make progress on our development pipeline", adds the executive.

URW reports that, based on performance in the first nine months of 2024, the Group's recurring adjusted earnings per share (AREPS) for 2024 is expected to be at the upper end of its guidance, between E9.65 and E9.80.

These forecasts do not include major divestments in the United States. The Group does not foresee any significant deterioration in the macroeconomic and geopolitical environment. The forecast provided by the Group in February for distributions to shareholders remains unchanged.


Copyright (c) 2024 CercleFinance.com. All rights reserved.