The profits of Merlin fall 47%, up to 60.1 million euros

Merlin, the first Spanish socimi, earned 60.1 million euros in the first quarter, which is 47% less than in the same period of 2018. In the notice sent to the CNMV, the company justifies this fall in earnings for the absence of extraordinary income.

And is that last year Merlin obtained 52.8 million euros after canceling the asset management contract then held with Testa. At that time, the socimi was owned by the company run by Ismael Clemente.

Despite the fall in profits, Merlin improved its revenues by 6.8% to 132.6 million euros. This result was motivated by the improvement of its gross income, which reached 131.7 million euros, 8.7% more. The gross operating profit (Ebitda), meanwhile, increased by 7.7% in the quarter, to stand at 105 million euros.

Regarding the operational scope, the socimi increased the employment rate, which reached 90.1% at the end of March. In addition, during the first quarter of the year Merlin signed and renewed rental contracts for a total area of ​​192,873 square meters. Among them, 158,898 square meters corresponded to offices, another 31,989 to shopping centers and another 1,986 meters to logistics parks.

The office segment also contributed the most to rents, a total of 60.3 million, which is 10.7% more than a year ago. Meanwhile, shopping centers generated 35.5 million (27.6% more) and logistics ships 13.2 million, 10.9% more. . (tagsToTranslate) results (t) merlin

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