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Press Release.pdf

PR-Q1-2023.pdf
Preview of Press release
🔗 Source: covivio.eu
📊 Size: 305 KB
👤 Author: Nadia ARBOUR
⬇️ Downloads: 96

Summary

Covivio reported an 11% like-for-like revenue growth at end-March 2023, with revenues of €153.9 million, up 4% on a reported basis. The company's offices segment saw a 5.1% like-for-like increase, driven by indexation, while Germany Residential experienced a 3.9% like-for-like growth. The hotels segment continued to recover, with RevPAR up 10% compared to 2019 in Europe. Covivio also reported a strong operating performance, with 37,300 m² of office space let or renewed since the beginning of 2023, and an occupancy rate of 95.2% at end-March. The company's balance sheet was strengthened through €170 million disposals and a proposed scrip dividend. Covivio also announced a new phase for its ESG commitments, including a proposal to submit its climate plan to a vote at the General Meeting.

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Description

Covivio reported an 11% like-for-like revenue growth at end-March 2023, with revenues of €153.9 million, up 4% on a reported basis.

Technical Information

  • File Format: PDF
  • File Size: 305 KB
  • Pages: 7
  • Language: EN
  • Author: Nadia ARBOUR
  • Total Downloads: 96
  • Last Updated: 4 hours ago

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