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Safestore Holdings sees FY pretax profit fall 19.7%

09 January 2017 07:45

Safestore Holdings has seen its FY pretax profit fall 19.7% to £94.9m, from £118.2m previously. Revenue was £112.5m, from £102.3m.

Dividend per share was 11.65p, from 9.65p.

"The Group has delivered another strong financial year, building on the improvements made to its operating performance over the last three years. Over this three year period, we have grown EPS6 by 78% and increased our dividend per share by over 100%," said CEO Frederic Vecchioli.

"During the last twelve months we have also strengthened our market leading positions in the UK and Paris with the acquisition of Space Maker in the UK and the opening of five new stores.

"As we enter the new financial year, we continue to see good levels of interest in self-storage and remain focused on the significant opportunity represented by our 1.62m square feet of currently unlet space.

"In addition, our balance sheet capacity and flexibility allows us to continue to seek selected development and acquisition opportunities. The company is in a strong position and we look forward to the future with confidence."

Story provided by StockMarketWire.com

Related Company: SAFE

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