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Safestore Holdings PLC on Tuesday reported increased revenue and profit in the financial year that ended October 31.
Safestore is a Hertfordshire, England-based self-storage provider.
Pretax profit climbed by 23% to £498.8 million against £404.6 million the previous year, while revenue jumped 14% to £212.5 million from £186.8 million.
Operating profit also rose by 23% to £514.5 million from £417.0 million the year before.
Underlying earnings before interest, tax, depreciation and amortisation amounted to £135.1 million, up 15% from £118.0 million.
Chief Executive Frederic Vecchioli said that the result was achieved through strong revenue growth in the UK market as well as good performances in its Parisian and Spanish businesses. Early trading in the new financial year is broadly stable in terms of demand compared to the previous year, Vecchioli added, noting it was also significantly ahead of pre-pandemic levels.
Safestore declared a full-year dividend of 29.8 pence each, up 19% from 25.1 pence a year prior.
Looking ahead, the company said it has seen broadly stable levels of demand compared to last year with like-for-like group revenue up 3.5% and total revenue up 8.7%.
Shares were up 0.6% at 1,006.00 pence each on Tuesday morning in London.
By Xindi Wei, Alliance News reporter
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