Banimmo: Consolidated results as of 31 December 2016
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- Sales of €162.6 million (mainly Marché St-Germain and Alma Court)
- EBIT of €59.4 million
- Write offs for €42.4 million
- Net current result of €34.4 millions
- Net loss of €15.4 million
- Urbanove: receivables fully written off
- Strong decrease in net financial debt down to €135 million, and LTV of 49.5%
- Adjusted Net Asset Value at €7.3 per share
- Existing portfolio of 155,000 sq. m and land reserve allowing the development of up to 290,000 sq. m
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Source: Banimmo via Globenewswire
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