Financial information

2018 annual results

Consolidated revenue: +24%
Results in line, driven by development
A huge market

“Leading property developer in France, Altarea Cogedim is one step ahead in the urban transformation market.

Cities affected by metropolisation are facing ever-growing real estate needs. Our pipeline, France’ largest with €18 billion potential value, represents only a fraction of this huge market where we are organized and positioned, almost exclusively, to systematically address all of its components.

These needs affect all products: housing, retail, offices, hotels, logistics... Each of them ranging multiple formats and catering specific uses. Our Group strength is our ability to develop them all, offering our clients the best product at the best location and for the best price.

This ability is based on the skills of our 1,900 employees. We create all components of a city, and contribute to urban transformation in gateway cities, fuelling sustainable and enjoyable urban life.

Altarea Cogedim is committed to accompany and partner with local authorities, and in doing so, caring for public interest in the real estate field. Our long-term growth is built on the transformation of gateway cities.

2018 results reflect this perfectly, with major successes in each of our businesses. Our strong results include another year of FFO growth while the Group is progressively transforming its retail portfolio to match new generation formats.

The Group confirms its FFO target of around €300 million by 2020, taking into account the increase in tax on the non-SIIC activity and changes in accounting standards (IFRS 15, 16). 2019 FFO is expected to be consistent with this path.”

Alain Taravella, Chairman and Founder of Altarea Cogedim

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Altarea Cogedim