Future 28 May 2015 07:58
As a result of these acquisitions the Gross Asset Value of the Company is now diversified as follows:
Gross Asset Value
---------- ----------------------------------------------
EURm/% May 2015e 2014 2013
---------- ------------ -------------------- ----------
Ukraine 32 26% 32 42% 40 100%
---------- ----- ----- ------------- ----- --- -----
Greece 16 13% 16 21%
---------- ----- ----- ------------- ----- --- -----
Romania 59 47% 29 37%
---------- ----- ----- ------------- ----- --- -----
Bulgaria 19 15% 0%
---------- ----- ----- ------------- ----- --- -----
Total 126 100% 77 100% 40 100%
---------- ----- ----- ------------- ----- --- -----
Furthermore, the annualized Net Operating Income, considering also the newly acquired assets is estimated as follows:
Annualized Net Operating Income
---------- ------------------------------------------
EURm May 2015e 2014 2013
---------- -------------- ------------- -----------
Ukraine 2,3 28% 2,4 40% 2,7 100%
---------- ------ ------ ----- ------ ---- -----
Greece 1,5 18% 1,5 24%
---------- ------ ------ ----- ------ ---- -----
Romania 3,7 46% 2,1 36%
---------- ------ ------ ----- ------ ---- -----
Bulgaria 0,7 9% 0%
---------- ------ ------ ----- ------ ---- -----
Total 8,2 100% 6,0 100% 2,7 100%
---------- ------ ------ ----- ------ ---- -----
As such, our focus in 2015 is a) to improve even further the Company's operating results, b) leading to a dividend distribution for the first time in its history in 2016, while at the same time to attract more like minded investors and grow the Company's balance sheet with both new capital and assets in other countries in the South East Europe region, while safeguarding our position and income in Ukraine.