Safestore Holdings Plc Q1FY20 total revenue improves by 7.3%

Safestore Holdings Plc Q1FY20 total revenue improves by 7.3%

Safestore Holdings Plc (LON: SAFE) has released its first-quarter trading update for the period from 1 November 2019 to 31 January 2020.

  • The group’s total revenue increased by 7.3 per cent (8.3 per cent CER basis) to £39.9 million as compared to £ 37.2 million in Q1 2019.
  • Like-for-like Group revenue for the quarter in CER was up 5.9 per cent, in the UK it was up by 6.1 per cent, while in Paris it was up 5.8 per cent.
  • Like-for-like occupancy improved by 2.8ppts at 75.0 per cent as compared to 72.2 per cent in 2019. In the UK occupancy was up 2.9ppts at 74.0 per cent as compared to 71.1 per cent in 2019, while in Paris the occupancy was up 2.7ppts at 79.3 per cent as compared to 76.6 per cent in 2019.
  • On 13th February 2020, at the time of writing, GMT 08:05 AM, SAFE shares were trading at GBX 817.00, up by 7.00 points or 0.86% against the previous day closing price.