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Safestore Holdings ( (GB:SAFE) ) has issued an announcement.
Safestore Holdings reported a resilient financial performance for the year ending October 2024, with a slight decrease in revenue and underlying EBITDA due to inflationary pressures and new developments. Despite these challenges, the company expanded its portfolio with new stores and joint ventures, particularly in high-potential markets such as Italy and Germany, contributing to a strong growth outlook and a robust balance sheet. The company achieved strategic progress by opening new stores, expanding its development pipeline, and strengthening its financial position through increased facilities and a new US private placement, which supports future growth and a modest dividend increase.
More about Safestore Holdings
Safestore Holdings plc is a company operating in the self-storage industry. It offers storage solutions across various markets, focusing on both the UK and international expansion markets.
YTD Price Performance: -0.08%
Average Trading Volume: 641,627
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.41B
For detailed information about SAFE stock, go to TipRanks’ Stock Analysis page.
