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28.02.2019 – 06:50

Atrium European Real Estate Limited

EANS-Adhoc: Atrium European Real Estate Limited
2018 Financial Results

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  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is responsible for the content of this announcement.
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Annual Result
27.02.2019

St Helier Jersey / Channel Islands -
          Atrium European Real Estate Limited - 2018 Financial Results
Ad Hoc announcement - Jersey, 28 February 2019, Atrium European Real Estate
Limited (VSE/Euronext: ATRS), (the "Company" and together with its subsidiaries,
the "Atrium Group" or the "Group"), a leading owner, operator and redeveloper of
shopping centres and retail real estate in Central Europe, today announces
results for the twelve months ended 31 December 2018.

A more detailed announcement providing highlights of the period under review
will be distributed and available, along with the full 2018 Annual Report, on
the Company's website, shortly after this announcement. Key financial figures
for 2018 are provided below:

                                   2018                2017               CHANGE
                                   EURm                EURm                %/ppt
Net rental income                 178.9               189.9               (5.8%)
EPRA Like-for-Like                118.2               116.8                 1.2%
net rental income
EPRA Like-for-Like
net rental income                  79.0                77.6                 1.8%
excl. Russia
Operating margin                  96.4%               95.6%                 0.8%
Occupancy rate                    96.6%               96.8%               (0.2%)
EBITDA                            149.5               159.9               (6.5%)
Adjusted EBITDA¹                  166.9               159.9                 4.4%
EPRA cost ratio                   16.8%               17.8%               (1.0%)
Company adjusted                  110.8               122.1               (9.3%)
EPRA earnings
Company adj. EPRA
earnings per share                 29.3                32.4               (9.3%)
(in EUR cents)
Net LTV (%)                       37.9%               30.1%                 7.8%
EPRA NAV per share                 5.03                5.24               (4.0%)
(in EUR)
Average cost of                    3.1%                3.4%               (0.3%)
debt
Average debt                     5.4 yr              4.6 yr               0.8 yr
maturity


¹ Adjusted for the impact of new/disposed of assets/re-dev and one-off fees

Further information can be found on the Company's website www.aere.com or for
Analysts:
Molly Katz: mkatz@aere.com
Press & Shareholders:
FTI Consulting Inc.: +44 (0)20 3727 1000
Richard Sunderland/Claire Turvey: atrium@fticonsulting.com
[atrium@fticonsulting.com]

About Atrium European Real Estate
Atrium is a leading owner, operator and redeveloper of shopping centres and
retail real estate in Central Europe. Atrium specializes in locally dominant
food, fashion and entertainment shopping centres in the best urban locations.
Atrium owns 34 properties with a total gross leasable area of over 980,000 sqm
and with a total market value of approximately EUR2.9 billion. These properties
are located in Poland, the Czech Republic, Slovakia and Russia, and with the
exception of one, are all managed by Atrium's internal team of retail real
estate professionals.

The Company is established as a closed-end investment company incorporated and
domiciled in Jersey and regulated by the Jersey Financial Services Commission as
a certified Jersey listed fund, and is listed on both the Vienna Stock Exchange
and the Euronext Amsterdam Stock Exchange. Appropriate professional advice
should be sought in the case of any uncertainty as to the scope of the
regulatory requirements that apply by reason of the above regulation and
listings. All investments are subject to risk. Past performance is no guarantee
of future returns. The value of investments may fluctuate. Results achieved in
the past are no guarantee of future results.




Further inquiry note:
For further information:
FTI Consulting Inc.:
+44 (0)20 3727 1000
Richard Sunderland
Claire Turvey
Richard.sunderland@fticonsulting.com

end of announcement                         euro adhoc
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issuer:       Atrium European Real Estate Limited
              Seaton Place 11-15
              UK-JE4 0QH  St Helier Jersey / Channel Islands 
phone:        +44 (0)20 7831 3113
FAX:          
mail:      richard.sunderland@fticonsulting.com
WWW:       http://www.aere.com
ISIN:         JE00B3DCF752
indexes:      
stockmarkets: Wien, Luxembourg Stock Exchange
language:     English