Regulatory News: Carmila (Paris:CARM) shareholders are called to participate in Carmila Ordinary and Extraordinary Shareholders' Meeting to be held on Tuesday 18 may at 9:30 Am at the company's head
Carmila: First-quarter 2021 Financial Information
Gross rental income fell by 6.6%
Leasing activity remained robust during first-quarter 2021
Solid financial position with successful bond issue extending average debt maturity
Regulatory News:
Marie Cheval, Chair and Chief Executive Officer of Carmila (Paris:CARM) commented: The first quarter of 2021 was shaped by numerous government-enforced restrictions and closures. However, the commitment of our teams and the strengths of our centres ensured that leasing activity remained dynamic. Carmila is standing by to support retailers and to prepare for a highly-anticipated reopening.
1. Store closures and opening restrictions severely disrupted business at Carmila centres
During the first-quarter of 2021, government measures to tackle the Covid-19 pandemic led to store closures and restrictions in France, Spain and Italy.
CARMILA: Carmila: Filing of the 2020 Universal Registration Document
Regulatory News:
Carmila (Paris:CARM) filed its 2020 Universal Registration Document with the French Financial Markets Authority (AMF) on 6 April, 2021 under number D.21-0256.
The 2020 Universal Registration Document includes:
the 2020 annual financial report;
the Board of Directors corporate governance report;
the statutory auditors reports;
the Corporate Social Responsibility report;
the Integrated Report, which notably includes the Company s business model;
the description of the share buyback program.
This document is available on the Company s website www.carmila.com and at its registered Head Office.
INVESTOR AGENDA
18 May 2021 (9:30 am Paris time): Annual General Meeting
28 July 2021 (after trading): 2021 Interim Results
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
Following the New Government Restrictions: in France, 35 Carmila Shopping Centres Closed and 94 Carmila Shopping Centres Open
Carmila (Paris:CARM):
In application of government restrictions clarified by decree on 30 January 2021, shopping centres in France of more than 20,000 sq.m. are closed to the public.
Of the 129 sites owned by Carmila in France, the closure order concerns 35 shopping centres across the country. In accordance with the decree, only Carrefour hypermarkets, pharmacies and food retailers remain open in these 35 shopping centres. Retailers closed on these 35 sites represent, to date, 58% of GRI in France and 37% of the total GRI (France, Spain, Italy).
94 Carmila shopping centres in France remain open, excluding eat-in food service and leisure activities.