Citycon Oyj´s Interim Report for 1 January - 30 September 2018: Solid operating performance continued and administrative expenses declined significantly.
(WorldNews Finland)

- Occupancy remained at a high level of 96.1%. - Successful opening of newest asset Mölndal Galleria in Gothenburg Sweden. - Divestments conducted in 2017 and in 2018 as well as weaker currencies impacted net rental income and EPRA Earnings as expected. - Cost savings initiatives progressed well and administrative expenses decreased significantly by 14% year-on-year. - Fair value change of investment properties was EUR -54.2 million mainly driven by secondary assets in Finland and Norway. - Loan-to-value (LTV) increased to 48.2% as a result of fair value changes and higher outstanding debt mainly due to the acquisition of the remaining 50% share in Mölndal Galleria. - Guidance related to...