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2010 annual results : A value-generating business model, robust fundamentals

7 March 2011
The Altarea Cogedim Supervisory Board met today to review the Group’s FY2010 consolidated financial statements presented by the management team. The statutory auditors have completed an audit of these financial statements and their report will be issued after the required procedures for publishing the Group’s FY2010 financial report have been followed.

Altarea Cogedim combines the recurring revenue stream of a retail property investor with the added value of a property developer active in all three main property markets: retail, office, and residential.
Thanks to these complementary businesses, all of the Group’s financial indicators improved in 2010—including the recurring net profit, which grew for the fourth year in a row since the acquisition of Cogedim—despite the challenging economic climate.

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Altarea Cogedim