Icade released its H1 results. Revenues stood at €714.4m, -5.7% yoy. The group’s net current cash flow per share stood at €143.8m or €1.95/share. By segment, the property investment division was strong with EPRA earnings of €128.1m, or €1.74/share, up 6% yoy, while Property development showed some weaknesses as expected due to higher comps in 2014. Cost of debt now stands at 2.79% vs 3.07% at FY14 and LTV at 38.8% (from 36.9%) and management guides for a net cur
24 Jul 2015
No clear catalyst going forward
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No clear catalyst going forward
Icade SA (ICAD:PAR) | 0 0 1.5% | Mkt Cap: 6,092m
- Published:
24 Jul 2015 -
Author:
Alda Kule Dale -
Pages:
2
Icade released its H1 results. Revenues stood at €714.4m, -5.7% yoy. The group’s net current cash flow per share stood at €143.8m or €1.95/share. By segment, the property investment division was strong with EPRA earnings of €128.1m, or €1.74/share, up 6% yoy, while Property development showed some weaknesses as expected due to higher comps in 2014. Cost of debt now stands at 2.79% vs 3.07% at FY14 and LTV at 38.8% (from 36.9%) and management guides for a net cur