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Citycon Oyj Updates on FY 2013 Financial Guidance


Wednesday, 10 Jul 2013 02:00am EDT 

Citycon Oyj announced that in the fiscal year 2013 the Company expects to continue generating solid cash flow and anticipates that its turnover will grow by EUR 7–17 million and its EPRA operating profit by EUR 8–18 million compared with the previous year. This is based on the existing property portfolio, including recent acquisitions and divestments. For the fiscal year 2012 the Company reported turnover of EUR 239.20 million. The Company expects its EPRA earnings to increase by EUR 18–28 million from the previous year, and further forecasts an EPRA EPS (basic) of EUR 0.19–0.23 based on the existing property portfolio and the increased number of shares. The estimate for EPRA earnings per share (basic) reflects the increased number of shares from the rights offering. 

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