Gecina’s GRI increased by 3.5% yoy (2.1% lfl) to €558.9m (higher that estimates), and EBITDA was up by 3.8% yoy, to €453.5m. This has led to a 4.6% increase in recurrent net income to €363.5m, exceeding the company’s initial expectations. The performance was driven by Eurosic’s integration and the optimisation of financial expenses. We will revise upwards our numbers, including Eurosic’s integration.
27 Feb 2018
Value creation after the Eurosic deal
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Value creation after the Eurosic deal
Gecina SA (GFC:WBO) | 0 0 2.8% | Mkt Cap: 11,480m
- Published:
27 Feb 2018 -
Author:
Zeineb SAHNOUN -
Pages:
3
Gecina’s GRI increased by 3.5% yoy (2.1% lfl) to €558.9m (higher that estimates), and EBITDA was up by 3.8% yoy, to €453.5m. This has led to a 4.6% increase in recurrent net income to €363.5m, exceeding the company’s initial expectations. The performance was driven by Eurosic’s integration and the optimisation of financial expenses. We will revise upwards our numbers, including Eurosic’s integration.