Carmila: 2020 Annual Results
Regulatory News:
In a year characterised by the health crisis and attendant business restrictions, Carmila s (Paris:CARM) core business was resilient and its financial structure solid:
Encouraging performances on business resumption during the different reopening phases
Stable rental base, down just 0.5% versus 2019
Dynamic leasing activity
EPRA Net Tangible Assets of €24.72 per share
Loan-to-value ratio (including transfer taxes) at 37.0%
Recurring earnings of €167.6 million, down 24.7% versus 2019, at €1.20 per share
Marie Cheval, Chairman and Chief Executive Officer of Carmila commented
: In an unprecedented health context for Carmila and for the entire industry, this has been a very demanding year. The multiple challenges brought about by the crisis have served to underline the particular strengths of Carmila s shopping centres: rooted in local regions, backed by the partnership with Carrefour, engaged with their retailers and popu
Most popular destination for online retailers looking to expand: The Netherlands
UK: Tesco urged by investors to sell more healthy food
A group of investors is trying to pressure Tesco, the UK s largest supermarket, into selling healthier food and drink amid a growing obesity problem. Investors led by pressure group ShareAction will ask shareholders to vote for their plan. Tesco is due to hold its annual meeting in the summer. The company insists that it already has a plan to make healthy and sustainable food available. ShareAction praised recent Tesco initiatives, which showed that price cuts on fruit and vegetables raised sales, and that removing chocolate from prominent promotion spaces cut consumption.