Earnings release
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Press release СВО Territoria Sainte - Marie , 14 September 2021 , 8.00Pm H1 2021 results : sharp increase in profitability including non- recurring items • Net income attributable to owners of the parent : € 7.3 million , up 73.0 % ( € 0.18 per share on a diluted basis , up 67.4 % ) • Property Investment net income attributable to owners of the parent per share on a diluted basis : € 0.11 , up 18.8 % • NAV per share on a diluted basis : € 5.87 , up 4.6 % over 12 months • Robust balance sheet : LTV ratio of 45.7 % and € 32.1 million in cash Outlook : resilience and confidence • Property Investment : development of € 46 million in commercial assets , with work starting up on € 24 million in projects during H2 2021 • Property Development : Order and negotiations in progress backlog of € 80.7 million CBo Territoria's Board of Directors met on Friday , 10 September 2021 and approved its consolidated results for the first half of 2021 . Audited consolidated financial statements H1 2021 H1 2020 % Chg . in € millions , under IFRS Revenues 36.4 37.8 -3.9 % Income from operations 9.9 8.1 + 21.8 % Fair value adjustments 1.6 ( 1.2 ) n / a Gain / ( loss ) on disposal of investment properties 0.7 0.3 + 116.6 % Other operating income / ( expense ) 0.3 0.0 n / a Share in income from associates 0.8 0.8 -5.8 % Operating income ( including associates ) ( ¹ ) 13.2 8.0 + 64.2 % Net interest expense ( 3.1 ) ( 2.5 ) + 25.4 % Income before tax 10.1 5.6 + 81.5 % Income tax expense Net income Net income attributable to owners of the parent ( 2.8 ) ( 1.3 ) + 114.9 % 7.3 4.3 + 71.3 % 7.3 4.2 + 73.0 % ( 1 ) Operating income after share in net income from associates The consolidated interim financial statements are currently being audited . 1/4