Safestore Holdings plc (SAFE.L) reported first quarter Group revenue of 44.4 million pounds, an increase in CER of 9.8% and 11.3% at actual exchange rates. Like-for-like Group revenue for the quarter in CER was up 6.6%.
Frederic Vecchioli, CEO, said: "The first quarter's trading performance has provided us with a strong base for the rest of the financial year and, if the current momentum continues, we would anticipate that the business delivers adjusted EPRA earnings per share for 2020/21 towards the top of the range of analysts' forecasts."
The Group noted that recent store openings and acquisitions are performing in line with or ahead of business plans.
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