Information  X 
Enter a valid email address

Hammerson PLC (HMSO)

  Print          Annual reports

Thursday 02 December, 2021

Hammerson PLC

Operational and Trading Update

RNS Number : 3799U
Hammerson PLC
02 December 2021

Hammerson plc ("Hammerson" or the "Company")


2 December 2021



Operational and trading update

Hammerson ("the Company") today announces that, assuming no further periods of covid-related disruption in December, it now expects that FY21 adjusted earnings will be no less than £60m.  This is due to an improved outlook for net rental income, principally from stronger collections rates, and a better-than-expected performance from Value Retail.

Footfall in the UK and Ireland currently stands at c.90% of the comparable period in 2019, and France around 85%1.  Sales continue to show encouraging trends, reflecting higher spend per visit and larger basket sizes, particularly in the UK where October sales were 6% higher than 2019.

Rent collection rates continue to improve. Q4 21 collections at the end of November stood at 86% for the Group, including a significant improvement in France to 83% since our last update.  The UK is at 89% and Ireland 83%.  For FY21, the Group collection rate is currently 84%; for FY20 96%.

The announcement above has also been released on the SENS system of the Johannesburg Stock Exchange and Euronext Dublin.



1.  Last 7 days average.




Hammerson Investor Contact

Josh Warren, Hammerson, Director of Strategy & Investor Relations

T: +44 20 7887 1053    E: [email protected]

Hammerson Media Contacts

FTI Consulting (for Hammerson)

John Waples

Tel: +44 20 3727 1000/ 07717 814 520  E: [email protected]  

Richard Gotla

Tel: +44 20 3727 1000/   07904 122 207  E: [email protected]  


Notes to Editors


Hammerson creates vibrant, continually evolving spaces, in and around thriving European cities, with a focus on flagship retail destinations and premium outlets.  As at 30 June 2021, our portfolio of high-quality venues had a value of £5.5 billion and included 21 flagship destinations in thriving cities and investments in premium outlet villages through our partnership with Value Retail. Key retail venues include Bullring, Birmingham, Bicester Village, Oxfordshire, Dundrum Town Centre, Dublin, and Les Terrasses du Port, Marseille.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

a d v e r t i s e m e n t