Citycon Oyj’s Financial Statements Release for 1 January – 31 December 2020: Strong performance in COVID-19 environment
Citycon Oyj Stock exchange release 18 February 2021 at 09:00 hrs- Rent collection was 96 % for the full year- Total tenant sales were 2.5 % above 2019 level and LFL sales remained close to previous year’s level- Leasing activity increased by 12 % from 2019 with 199,000 sqm of leases signed in 2020- Financial performance remained solid in COVID-19 environment; NRI declined by –3.0 % when adjusted for exchange rates and at -5.5 % on historical exchange rates- Administrative expense declined by -3.2 % compared to 2019- Valuation decline was –3.5 % in 2020- Citycon successfully