Icade published its H1 17 figures. Net recurrent result at €145.8m is up by 7.1% yoy. EBITDA up by 3.3% yoy, at €251.2m. LTV stood at 39.4%, up by 150bp compared to FY16. The portfolio value at €9.9bn has increased by 1.6% over six months (c. 42% in French offices, 35% in Business parks and 21% in the healthcare segment). The average cost of debt came to 1.68% for the first half of 2017, down by 50bp compared with FY16. Management continues to see a positive FY17.
31 Jul 2017
Outlook lifted for FY17
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Outlook lifted for FY17
Icade SA (ICAD:PAR) | 0 0 1.5% | Mkt Cap: 6,092m
- Published:
31 Jul 2017 -
Author:
Alda Kule Dale -
Pages:
3
Icade published its H1 17 figures. Net recurrent result at €145.8m is up by 7.1% yoy. EBITDA up by 3.3% yoy, at €251.2m. LTV stood at 39.4%, up by 150bp compared to FY16. The portfolio value at €9.9bn has increased by 1.6% over six months (c. 42% in French offices, 35% in Business parks and 21% in the healthcare segment). The average cost of debt came to 1.68% for the first half of 2017, down by 50bp compared with FY16. Management continues to see a positive FY17.