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31.07.2019 – 06:50

Atrium European Real Estate Limited

EANS-Adhoc: Atrium European Real Estate Limited
First Half 2019 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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Earnings
31.07.2019

St Helier Jersey / Channel Islands -

          Atrium European Real Estate Limited- First Half 2019 Results


Ad hoc announcement- Jersey, 31 July 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, provides an update on
trading for the six months ended 30 June 2019.

A more detailed announcement providing highlights of the period under review
will be distributed and available, along with the half year 2019 Interim
Financial Report, on the Company's website, shortly after this announcement.

KEY FINANCIAL FIGURES FOR THE PERIOD:

                                6M 2019             6M 2018               CHANGE
                                   EURm                EURm
Net rental income                  74.6                71.7                 4.0%
excl. Russia
EPRA Like-for-Like
net rental income                  40.5                39.9                 1.5%
excl. Russia
Net rental income                  92.4                91.8                 0.6%
EPRA Like-for-Like                 51.5                51.2                 0.5%
net rental income
EBITDA                             81.0                80.9                 0.2%
Company adj. EPRA
earnings per share                 15.4                15.6               (1.2%)
(in EURcents)
Cost of financing                   3.1                 3.4
(in %)
Average debt                        4.9                 4.2
maturity (in years)
Net LTV (in %)                     39.3                33.5


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

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 32 properties with a total gross leasable area of over 870,000 sqm
and with a total market value of approximately EUR2.7 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