Pierre et Vacances has announced new governance changes, appointing four independent directors to join its board. This decision comes as part of the ongoing restructuring transactions set to finalize on September 16, 2022. The new board will be chaired by Georges Sampeur, alongside Christine Declercq, Delphine Grison, and Claire Gagnaire. This board restructuring aims to enhance corporate governance and operational strategy following the approved accelerated safeguard plan.
Gecina's gross rental income rose by 3% year-on-year to €308.2m, driven by improved occupancy across all asset classes. The recurrent net income per share increased by 3.9%, excluding 2021 divestment impacts, with a target for 2022 set at €5.55, marking a 4.3% growth. Occupancy rates improved by 110bp over six months, and a positive reversion of 13% for office spaces was recorded. The net tangible assets (NTA) per share increased 3% to €181.2. Proactive debt management and liquidity of €3.3bn enhance financial stability.
Clever Cloud has announced a partnership with Kalray to implement next-generation storage solutions at its new data center in location value="LU/fr..paris"Paris. This collaboration will utilize Kalray's Flashbox™, a high-performance NVMe storage array capable of accommodating up to 24 PCI Express SSDs.
The Flashbox™ leverages Kalray's K200-LP™ accelerator cards and Coolidge™ DPU technology, designed for enhanced performance with minimal energy consumption. This innovation aims to improve storage management flexibility and support new service offerings for Clever Cloud's clients.
In 2021, Gecina reported a recurrent net income of €5.32 per share, aligning with targets and indicating a strong operational performance. The company achieved a total real estate return of around +7% and a +3.7% increase in EPRA Net Tangible Assets (NTA) to €176.3 per share. A proposed dividend of €5.3 per share offers a yield of approximately 4.7%. Gecina completed €512 million in asset sales with a premium of +9%, while debt levels improved, leading to a reduced loan-to-value ratio of 32.3%. Outlook for 2022 suggests further growth, with recurrent net income per share projected to reach €5.5.