- Storage company Safestore Holdings more than doubled its annual profit, as it boosted sales in both London and Paris and enjoyed a rise in the value of its investment properties.

Pre-tax profit for the year through October rose to £185.3m, up from £78.9m on-year, as revenue rose 10% to £143.9m.

Underlying Ebitda rose 6.9% to £77.6m.

Safestore declared an annual dividend of 16.25p, up 16.1% on-year.

'We have delivered another successful year of growth characterised by strong organic performance, efficient integration of our recent acquisitions and good performances from our recently opened new stores,' chief executive Frederic Vecchioli said.

'The start to the current financial year has been encouraging in all our geographies and our leading market positions in the UK and Paris, combined with our resilient business model, enable us to look forward to the future with confidence.'

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