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Safestore like-for-like revenue up 4.5%

Thursday, 22nd February 2018
Safestore grew its like-for-like revenue by 4.5% at constant exchange rates to £26.6m in the three months to 31 January.

Revenue grew by 4.3% in the UK and 5.5% in Paris.

Like-for-like occupancy performance increased 2.8 percentage points to 71.5%.

Frederic Vecchioli, chief executive officer, said: "Our first quarter performance has been pleasing, supported by revenue from our recent acquisition of Alligator Self Storage complementing solid like-for-like growth.The strong trading momentum from our Paris stores continued in Q1, combined with encouraging UK occupancy growth."

At 8:20am: (LON:SAFE) Safestore Holdings PLC share price was -2.5p at 502.5p

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