HAMMERSON PLC - Operational and trading update

Hammerson plc
(Incorporated in England and Wales)
(Company number 360632)

LSE and Euronext Dublin share code: HMSO   JSE share code: HMN
ISIN: GB00BK7YQK64
('Hammerson' or 'the Company')


2 December 2021


THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

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%.




ENDS

1. Last 7 days average.



Hammerson has its primary listing on the London Stock Exchange and secondary inward listings on the
Johannesburg Stock Exchange and Euronext Dublin.

Sponsor: Investec Bank Limited

Enquiries

Hammerson Investor Contact


Josh Warren, Hammerson, Director of Strategy & Investor Relations

T: +44 20 7887 1053 E: josh.warren@hammerson.com
Hammerson Media Contacts

FTI Consulting (for Hammerson)

John Waples


Tel: +44 20 3727 1000/ 07717 814 520        E: john.waples@fticonsulting.com

Richard Gotla


Tel: +44 20 3727 1000/ 07904 122 207        E: richard.gotla@fticonsulting.com



Notes to Editors
Hammerson

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.

Date: 02-12-2021 01:25:00

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