Rental income stood at €91.4m, down from €117.6m yoy and down 2.7% on an organic basis, as expected impacted by the continuing mess in Russia, and the results from operations stood at €53.6m, also down from €90.9m. Net financing costs were marginally stable at €42.4m while FX effects from Russian financing increased to €94.1m from €17.1m yoy. Triple NAV stood at €4.08 from €3.94 at FY14/15.
17 Sep 2015
Weak Russia as expected and Buwog exit by FY15/16
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Weak Russia as expected and Buwog exit by FY15/16
Rental income stood at €91.4m, down from €117.6m yoy and down 2.7% on an organic basis, as expected impacted by the continuing mess in Russia, and the results from operations stood at €53.6m, also down from €90.9m. Net financing costs were marginally stable at €42.4m while FX effects from Russian financing increased to €94.1m from €17.1m yoy. Triple NAV stood at €4.08 from €3.94 at FY14/15.