EADT Fonciere Paris Nord

FPN - report date de publication des comptes consolidés

FPN - report date de publication des comptes consolidés

Paris, le 31 mai 2021

Report de la date de publication du rapport financier relatif aux comptes clos le

31 décembre 2020

La situation sanitaire actuelle de la pandémie Covid 19 a impacté l’établissement des comptes annuels 2020 de la société Foncière Paris Nord.

A ce jour, les procédures d’audit sont en cours (les travaux se réalisant à distance).

Toutefois, les comptes ne pourront pas être finalisés d’ici le 31 mai 2020, comme indiqué précédemment

Aussi, la Direction a-t-elle décidé de reporter, d’un nouveau délai maximum de trente (30) jours, soit au 30 juin 2021 au plus tard, la tenue du Conseil d’administration devant arrêter les comptes clos le 31 décembre 2020, ainsi que la publication du rapport financier dans le même délai.

Le communiqué sur le résultat et les comptes 2020, et la diffusion du rapport financier annuel sur notre site, seront reportés d’autant, et les dates de diffusion feront l’objet d’une communication dès qu’elles seront fixées.

Le Président Directeur Général

Richard Lonsdale-Hands

Pièce jointe



EN
31/05/2021

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Reports on Fonciere Paris Nord

Christian Auzanneau
  • Christian Auzanneau

Accounting for MyAgency's potential value (MyHotelMatch)

Accounting for MyAgency's potential value TARGET CHANGE CHANGE IN TARGET PRICE € 0.06 vs 0.05 +17.8% We have applied a 10x EV/EBIT multiple to c.€0.5m EBIT generated by MyAgency in FY 22 (group share, AV estimate). We thus add €5m to our SOTP. Other parameters are unchanged. As a reminder, the investment case remains intimately linked to the commercial success of Matching App. CHANGE IN EPS 2023 : € 0.00 vs (0.01) ns 2024 : € (0.01) vs (0.01) ns We have removed referencing expenses planned...

Christian Auzanneau
  • Christian Auzanneau

MHM will use AI

MHM will use AI EARNINGS/SALES RELEASES Fiscal year 2022 was the first year to prepare the full commercial launch of the group’s application awaited in early 2024. MHM will use Artificial Intelligence to improve clients’ experiences. FACT Revenue was in line with previous releases, welcoming the contribution of MyAgency (acquired in 2022, consolidated in H2 22, full consolidation in FY 23) and with nil contribution from the under-development Matching application. Profits benefited from a...

Christian Auzanneau
  • Christian Auzanneau

Structuring the Group ahead of a commercial launch

Structuring the Group ahead of a commercial launch M&A /CORP. ACTION Both the human resources and commercial initiatives implemented since February 2023 will contribute to structuring the Group ahead of a public launch of the Matching app. FACT Mr Yves ABITDBOL (founder and CEO of MyAgency) was named as CEO of MHM. The latter will be granted with a global operating leadership. Mr OTT will stay as Executive President. Mr Yoann COUILLEC (20 years of experience, in Amadeus notably, Phd), wa...

Christian Auzanneau
  • Christian Auzanneau

Successful restart of MyAgency achieved

Successful restart of MyAgency achieved EARNINGS/SALES RELEASES MyAgency’s revenue was above our initial expectations. The matching application (MyHotelMatch) will start its tests in the coming weeks. FACT MyAgency, a travel agency specialised on ultra-luxury tourism and spending, was acquired by MHM in June 2022. It was fully consolidated in H2 22. MyAgency’s full revenue of €12.8m in FY 22 was above our initial expectation of €10m. As far as H2 22 was concerned, revenue was €7.8m vs. ...

Christian Auzanneau
  • Christian Auzanneau

A good performance from My Agency in H1 22

A good performance from My Agency in H1 22 EARNINGS/SALES RELEASES My Agency’s revenue (acquired in 2022) was back on track in H1 22, having returned to its pre-crisis levels. MHM’s hotel matching application development is underway. FACT Revenue was nil in H1 22 (closing in June), My Agency being consolidated only in the H2 22. The latter’s turnover (as distinct from the gross margin) of €5m was nevertheless 122% above its H1 21 level (+32% in September 2022 alone, yoy). The operating l...

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