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Safestore Holdings FY Underlying EBITDA Rises; LFL Revenue In CER Up 1.7%

Safestore Holdings plc (SAFE.L) reported that its fiscal 2023 profit before income tax declined to 207.8 million pounds from 498.8 million pounds, last year. Earnings per share was 91.8 pence compared to 212.4 pence. Group underlying EBITDA was 142.2 million pounds, up 4.5% at CER on the prior year. Adjusted EPRA EPS was 47.9 pence compared to 47.5 pence.

For the year ended 31 October 2023, revenue increased to 224.2 million pounds from 212.5 million pounds, last year. Like-for-like Group revenue for the year in CER was up 1.7%.

The Board recommended a final dividend of 20.2 pence per share resulting in a full year dividend up 1% to 30.1 pence per share.

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by RTTNews Staff Writer

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