VGP NV: Expected to Post Substantial Higher Net Profit for Full Year 2021
January 31 2022 - 2:30AM
VGP NV: Expected to Post Substantial Higher Net Profit for Full
Year 2021
PRESS RELEASE
Regulated Information
Antwerp, Belgium, 31 January 2022
(8.30 a.m. CET)
VGP NV (‘VGP’ or ‘the Group’), a European
provider of high-quality logistics and semi-industrial real estate,
today announced that, based on current preliminary unaudited
consolidated financials, the Group expects a net profit for the
full year 2021 of between €630 million and €650 million. This
compares to a net profit of €371 million for full year 2020.
All figures reported herein are preliminary and
unaudited. VGP will report its financial figures for the full year
2021 on 28 February 2022 and a management conference call is
planned that same day to review the financial results (dial-in
details will be available on VGP website in due course).
CONTACT DETAILS FOR INVESTORS AND MEDIA
ENQUIRIES
Martijn Vlutters (VP – Business Development & Investor
Relations) |
Tel: +32 (0)3 289 1433 |
Petra Vanclova (External Communications) |
Tel: +42 0 602 262 107 |
Anette NachbarBrunswick Group |
Tel: +49 152 288 10363 |
FORWARD-LOOKING
STATEMENTS
This press release may
contain forward-looking statements. Such statements reflect the
current views of management regarding future events, and involve
known and unknown risks, uncertainties and other factors that may
cause actual results to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. VGP is providing the information in
this press release as of this date and does not undertake any
obligation to update any forward-looking statements contained in
this press release in light of new information, future events or
otherwise. The information in this announcement does not constitute
an offer to sell or an invitation to buy securities in VGP or an
invitation or inducement to engage in any other investment
activities. VGP disclaims any liability for statements made or
published by third parties and does not undertake any obligation to
correct inaccurate data, information, conclusions or opinions
published by third parties in relation to this or any other press
release issued by VGP.
ABOUT VGP
VGP N.V. is a
pan-European developer, manager and owner of high-quality logistics
and semi-industrial real estate. VGP operates a fully integrated
business model with capabilities and longstanding expertise across
the value chain. The company has a development land bank (owned or
committed) of 10.94 million m² (as at 31 Dec-21) and the strategic
focus is on the development of business parks. Founded in 1998 as a
Belgian family-owned real estate developer in the Czech Republic,
VGP with a staff of circa 350 employees owns and operates assets in
12 European countries directly and through several 50:50 joint
ventures. As of June 2021, the Gross Asset Value of VGP, including
the joint ventures at 100%, amounted to € 4.48 billion and the
company had a Net Asset Value (EPRA NTA) of € 1.51 billion. VGP is
listed on Euronext Brussels (ISIN: BE0003878957). For more
information, please visit: http://www.vgpparks.eu
- 2022.01.31_VGP - Net Profit Expectation press release_EN
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