Safestore Holdings plc (SAFE.L), on Thursday, reported Q1 total revenue of £55.3 million, down 0.7%, compared to £55.7 million generated a year ago. Q1 group revenue in CER was down 0.4%.
Like-for-like revenue for the quarter slipped 1.2% to £54.2 million from £54.8 million in the same period last year. Like-for-like group revenue for the quarter in CER was down 0.9%.
Total REVPAF for the quarter dropped 4.7% to £26.82 million from £28.13 million last year.
The company has also announced the appointment of Simon Clinton as Chief Financial Officer, effective 11 March 2024. Simon succeeds Andy Jones as CFO following the announcement of his decision to retire on 28 September 2023. Andy Jones will remain with Safestore to effect a smooth transition.
Frederic Vecchioli, Chief Executive Officer, said, "As expected, the early trading trends indicated in our January 2024 announcement have continued through to the end of our first quarter. The good continental European performances, combined with a reduced seasonal outflow driving resilient UK trading in the context of challenging economic conditions, resulted in the Group delivering like-for-like revenue marginally down 0.9% on a CER basis. We continue to believe that the REVPAF delivered by the Group is the strongest in the European industry."
For comments and feedback contact: editorial@rttnews.com
Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.