Citycon Oyj’s Half-Yearly Report for 1 January – 30 June 2018: Solid operating performance continued; earnings impacted by disposals and FX
Citycon Oyj Half-Yearly Report 12 July 2018 at 09:00 hrs-Economic occupancy rate improved by 30 basis points.-Divestments conducted in 2017 and in H1/2018 as well as weaker currencies impacted net rental income and EPRA Earnings as expected. Cost savings initiatives progressed well and administrative expenses decreased by 10% year-on-year.-Good operating performance in shopping centre Iso Omena continued: strong footfall and tenant sales.-Fair value change of investment properties was EUR -34 million mainly driven by Finland and Norway.-Guidance related to Direct operating