COVIVIO HOTELS (EPA:COVH) - Foncière des Murs - First Quarter 2009 Turnover
Transparency directive : regulatory news
30/04/2009 18:17
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Paris, 30 April 2009
First Quarter 2009 turnover: a 4.3% increase on a like-for-like basis
Total consolidated turnover
EUR '000s Q1 2009 Q1 2008 Change (%) Change on a like-
for-like basis (%)
Hotels 31 685 28 777 + 10,1% + 4,7%(1)
Restaurants 6 577 6 333 + 3,9% + 1,9%
Health 6 998 6 625 + 5,6% + 2,5%
Leisure 7 430 6 203 + 19.3% + 5,4%
TOTAL 52 690 47 938 + 9,9% + 4,3%
Consolidated turnover as at 31 March 2009 totalled EUR 52.7 million versus EUR
47.9 million for the same period in 2008, an increase of 9.9%, of which 4,3%(1)
is on a like-for-like basis.
This increase is the result of:
- the acquisitions of the following real estate assets:
* 1 residence for the elderly at Sassari in Sardinia in March 2008
(impact: EUR0.1 million) operated by Segesta (Korian's Italian
subsidiary),
* 1 Korian psychiatric clinic in March 2008 (impact: EUR0.1 million) ,
* 1 Holiday Inn hotel in June 2008 (impact: EUR0. 2 million),
* 1 Sunparks holiday village in July 2008 (impact: EUR0.7 million),
* 4 Quick restaurants in October 2008 (impact: EUR0.1 million),
* 3 gardening centres of the Jardiland Group in December 2008 (impact:
EUR0.2 million).
- the turnover accounting method of the hotel sector, which is on the one hand
based on the hotels turnover realised during the first quarter 2008, and on
the other hand impacted by adjustments made at the beginning of each year on
the real turnover of the preivous year.
Besides that, there have been no significant events during the period.
Upcoming financial events
10 July 2009: Half-year results 2009
(1) Restated from impact of Accor rents adjustments due to the recognition of
the real turnover of the previous year (impact : EUR1,4 million)
About Foncière des Murs
Foncière des Murs, 29% owned by Foncière des Régions, is an SIIC (société
d'investissements immobiliers cotée) specialised in business premises,
especially in the hotel, restaurant, healthcare and leisure sectors.
The company's investment policy is focused on building partnerships with
leading operators in each sector to provide its shareholders with a recurring
retu rn on their investment.
Foncière des Murs is managed by Yan Perchet.
Foncière des Murs is listed on Euronext Paris, Eurolist compartment B
(FR0000060303 - FMU).
Contact Foncière des Murs:
Dominique Ozanne, Deputy Managing Director
dominique.ozanne@fdr.fr
Tel.: 01.58.97.54.20
See this press release at www.foncieredesmurs.fr