Altarea Cogedim announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported consolidated revenue of EUR 476.9 million compared to EUR 401.3 million a year ago.

For the nine months, the company reported consolidated revenue of EUR 1,572.6 million compared to EUR 1,313.6 million a year ago. Net financial debt (bank and bonds) stood at EUR 2,703 million at 30 September 2018, down EUR 98 million compared with 30 June 2018 (EUR 2,801 million).

The Group has set itself a target FFO in the region of EUR 300 million by the year 2020, taking into account the impact of IFRS 15 and 16, and the hike in tax on non-SIIC activity.