Citycon Announces Earning Guidance for the Year 2021
Citycon announced earning guidance for the year 2021. For the year, the company expects direct operating profit to be in range EUR 170-188 million and EPRA EPSEUR 0.651-0.751. The outlook assumes that there are no major changes in macroeconomic factors and that there will not be another wave of COVID-19 with restrictions resulting in significant store closures. These estimates are based on the existing property portfolio and announced disposals as well as on the prevailing level of inflation, the EUR-SEK and EUR-NOK exchange rates, and current interest rates.