Atrium Announces Q1-Q3 2010 Results

Professional ServicesReal Estate ♦ Published: November 22, 2010; 17:28 ♦ (Vindobona)

Atrium European Real Estate, a real estate company focused on CEE countries, leaves the red and records a strong operational performance.

Atrium Announces Q1-Q3 2010 Results / Picture: © Wikimedia Commons / Ninjakeg [CC BY-SA (]

Atrium realizes profit before tax of €120.3m for the nine months to 30 September 2010 (2009: loss of € 374.5m). EBITDA excluding revaluation increased by 18.7% to € 75.9m (2009: € 64.0m).

Net cash from operating activities increased by 54.4% to € 70.3m compared to € 45.5m for the corresponding nine month period last year. EPRA Net Asset Value per ordinary share up by…