Warehouses De Pauw SA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 18, 2023 at 09:15 am EDT
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Warehouses De Pauw SA reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was EUR 92.31 million compared to EUR 82.4 million a year ago. Net income was EUR 19.18 million compared to EUR 132.92 million a year ago.
For the nine months, sales was EUR 249.48 million compared to EUR 216.81 million a year ago. Net income was EUR 48.73 million compared to EUR 588.65 million a year ago. Basic earnings per share from continuing operations was EUR 0.24 compared to EUR 3.16 a year ago. Diluted earnings per share from continuing operations was EUR 0.24 compared to EUR 3.16 a year ago.
Warehouses De Pauw SA develops and invests in logistics property (warehouses and offices). The group's property portfolio amounts to 7.1 million m2. This international portfolio of semi-industrial and logistics buildings is spread over 296 sites at prime logistics locations for storage and distribution in in Belgium, France, the Netherlands, Luxembourg, Germany and Romania.