Corio NV : Corio's first nine months 2014 business update
HIGHLIGHTS
- Footfall increased by 1.1% and tenant sales were stable, both on a like-for-like basis
- Re-letting and renewals improved from 2.5% negative for H1 2014 to 1.5% positive for 9M 2014
- Outlook confirmed with expected direct result between EUR 227 m and EUR 233 m or between EUR 2.28 and EUR 2.34 on a per share basis for 2014
- Markthal in Rotterdam opened and welcomed 1 million visitors in the first three weeks (transfer to Corio expected in December 2014)
Gerard Groener (CEO): 'Last week's publication of the offer and merger documentation regarding the contemplated merger of Corio into Klépierre has been a significant milestone in a process that is running according to plan. The documentation is in line with the intentions and agreed conditions of both Klépierre and Corio as announced on 29 July 2014. The timely publication of all documentation is a clear indication of the good spirit in which the process is managed. We firmly believe that all of our stakeholders will benefit from the envisaged transaction.
Against the backdrop of this, Corio has shown a performance in line with the trend it showed in the first half of the year. We expect to end the full year in line with our expectations.'
CONFERENCE CALL 9M 2014 UPDATE
Gerard Groener (CEO) and Ben van der Klift (CFO) are available for questions on Thursday 6 November 2014 at 10.00 CET. You can listen to the call and ask questions by dialing
+31 (0)20 7965 008 (the Netherlands) or
+44 (0)20 7162 0077 (UK), Conference ID: 949031 or listen to the call via:
http://corio.dutchview.nl/corio20141106/. More details about the audiocast and call (more toll free numbers) can be found on Corio's website:
www.corio-eu.com.
Copyright GlobeNewswire
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http://hugin.info/134201/R/1869000/656981.pdf
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Source: %s via Globenewswire
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