Citycon Oyj’s Financial Statements Release for 1 January – 31 December 2017: Good operational results in Sweden and Norway
Citycon Oyj Stock Exchange Release 8 February 2018 at 09:00 hrsOCTOBER—DECEMBER 2017- Net rental income decreased slightly to EUR 53.9 million (Q4/2016: 55.9) mainly due to divestments which reduced net rental income by EUR 4.4 million. (Re)development projects increased the net rental income by EUR 2.3 million, while like-for-like net rental income declined by EUR 0.5 million.- EPRA Earnings decreased by EUR 4.1 million, or 10.8%, to EUR 33.8 million (37.9) mainly due to lower net rental income following disposals and higher administrative expenses, including non-recurring items.