Technopolis Posts Excellent Result

        Print
| Source: Technopolis
multilang-release

TECHNOPOLIS PLC                  PRESS RELEASE         February 14, 2014 at 8:05 a.m.


Technopolis Posts Excellent Result

In 2013 EPRA-based direct result rose by 35.6% from 29.9 million euros to 40.5 million euros. The direct result per share rose from 0.38 euros to 0.47 euros. Net sales rose 17.7 % from 107.3 million euros to 126.3 million euros and EBITDA rose by 15% from 55.8 million euros to 64.1 million euros.

In accordance with its updated dividend policy, the company aims to distribute on average one third of net profit excluding changes in fair value and their tax effects. The Board’s dividend proposal is 0.10 euros per share.

Acquisitions at the end of 2013 will boost growth in 2014. Technopolis estimates that its net sales for 2014 will grow by 27% - 32% and EBITDA by 35% - 40% compared 2013.

CEO Keith Silverang: “2013 was a transformative year. We invested roughly a half billion euros and expanded into two new countries, Norway and Lithuania. Due to these acquisitions, as well as organic investments in Estonia and Russia, we will approach our 2016 international net sales target of 50 million euros already in 2014. Technopolis is becoming a truly international real estate company.”
 
During 2013, Technopolis acquired four new campuses with total rentable space of almost 170 000 sqm. Organic expansions of existing campuses were over 70,000 sqm. In one year space increased over 30% from 644,300 sqm to 842,300 sqm. In 2014 the company will focus on campus integration, occupancy and cost-efficiency.

“There’s no question that we have a lot on our plate now. I want to underline that in 2014 we will focus on digesting these acquisitions, managing integration effectively, boosting occupancy and improving our cost-efficiency”, says Silverang. “It is this focus that will enable the company’s EBITDA to grow more than net sales.”

“Currently Technopolis operates in five countries and 12 cities. Technopolis has a unique concept in Europe that has given us an edge-even under challenging conditions. Now we have more scale and we intend to take full advantage of. We have been doing acquisitions, but divestitures are on the table as well”, Silverang confirms. “Divestitures may concern individual properties or campuses that are no longer a good fit with our concept.”

Technopolis sees plenty of growth potential in its neighboring markets and the company has an excellent starting point to continue its journey as profitable and international growth company in 2014 and beyond.

Technopolis Plc

Keith Silverang
CEO
Tel. +358 40 566 7785

About Technopolis:
Technopolis provides the best addresses for companies to operate and succeed in five countries in the Nordic-Baltic region. The company develops, owns and operates a chain of 21 smart business parks that combine services with flexible and modern office space. The company’s core value is to continuously exceed customer expectations by providing outstanding solutions to 1,500 companies and their 32,000 employees in Finland, Norway, Estonia, Russia and Lithuania. The Technopolis Plc share (TPS1V) is listed on NASDAQ OMX Helsinki.