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Financials

Westfield-owner Unibail forecasts tough 2021 after Q1 revenue slumps

April 28 (Reuters) - Westfield shopping mall owner Unibail said on Wednesday it expected to see a continued strong COVID-19 impact on its 2021 performance, citing longer and tougher restrictions that carried on beyond the first quarter where its turnover slumped 40% from a year earlier.

Unibail-Rodamco-Westfield, which also counts Forum des Halles in Paris and Madrid’s La Vaguada among its assets, reported a proportionate turnover of 566.7 million euros ($685.20 million) for the first three months of the year, compared with 956.6 million euros last year.

$1 = 0.8271 euros Reporting by Milla Nissi in Gdansk. Editing by Jane Merriman

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