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17. Februar 2012 
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Goodman Group has positive outlook despite 11.5% profit drop in 1H 2012
The Goodman Group gave a positive full-year outlook, although profit dropped 11.5% for the first half of the company’s fiscal 2012 (six months to 31 December). Profit attributable to security holders came in at AU$200 million, the group said on Thursday. Operating profit, however, adjusted for specific non-cash and other significant items, advanced 34.4% year-on-year.
CEO Greg Goodman was very pleased with the company’s performance and said that all operating businesses had made a strong contribution to the overall result. The group achieved an occupancy rate of 96% and saw an inflow of AU$600 million to its funds managed for third parties. For the full financial year, Goodman expects an 8% rise in fully diluted earnings, which would translate into EPS of 6.1 cents.
In a tough economic context Europe remains for Goodman a standout market, with over 1 million sqm of new developments announced in the 2011 calendar year, The fund platform completed a number of major initiatives during the first half, raising €351 million new third party equity for the Goodman European Logistics Fund (GELF) while securing as well a new €800 million debt package. Danny Peeters, CEO Continental Europe commented “The combination of our access to capital with a strong development and asset management platform across the European territory puts us in a strong competitive position as a leading specialist provider of prime quality logistics property”.
CEO Greg Goodman was very pleased with the company’s performance and said that all operating businesses had made a strong contribution to the overall result. The group achieved an occupancy rate of 96% and saw an inflow of AU$600 million to its funds managed for third parties. For the full financial year, Goodman expects an 8% rise in fully diluted earnings, which would translate into EPS of 6.1 cents.
In a tough economic context Europe remains for Goodman a standout market, with over 1 million sqm of new developments announced in the 2011 calendar year, The fund platform completed a number of major initiatives during the first half, raising €351 million new third party equity for the Goodman European Logistics Fund (GELF) while securing as well a new €800 million debt package. Danny Peeters, CEO Continental Europe commented “The combination of our access to capital with a strong development and asset management platform across the European territory puts us in a strong competitive position as a leading specialist provider of prime quality logistics property”.
