Annual results 2024 : another year of solid growth for frey with a 2024 profit from recurring operations up +28.1% (€107.9m)
Frey demonstrates the relevance of its profitable growth model with a recurring operating profit of €107.9M, marking a 28.1% increase. 2025 is set to be a strategic year, with a strong expansion in the outlet market and a first major acquisition.
Antoine Frey, Chairman and Chief Executive Officer of FREY, made the following statement: “2024 was a particularly active year for FREY and enabled it to take major strategic strides towards our goal, which is to be the leading operator of open-air shopping centres in Europe. The 2024 results confirm that our retail offering in a segment pioneered by FREY is a shrewd one, enabling us to further improve our various metrics. Other highlights this year included the first achievements stemming from our outlet investment policy (ROS, development project in Malmö) and an increase in our financial resources, which will enable FREY to pursue its growth trajectory in 2025. A prime example of the Group’s ambitious trajectory is the major acquisition of the Designer Outlet in Berlin secured in February 2025 for €230 million.”
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