Report
Arnaud Riverain

CAPELLI - Point Covid-19 : A  15 jours pres

Après un T3 en 57% et forte d’un backlog de 580 M€ (+28%), la direction confirmait viser une hausse de l’activité annuelle de l’ordre de 30%. Cela supposait alors un T4 de plus de 100 M€ qui aurait représenté près de 44% de son CA annuel. La mise sous confinement a stoppé nette la dynamique au niveau des ventes aux particuliers (majorité du CA), les signatures chez le notaire ne pouvant plus se faire. Heureusement, le groupe a développé les ventes en blocs ce qui lui a permis d’acter pour 51 M€ de ventes entre le 17 mars et le 31 mars. Néanmoins, certaines ventes en blocs ont été décalées. Le groupe compte déjà sur 40 M€ pour avril.

Underlying
CAPELLI

Capelli. Capelli SA is a France-based company engaged in the real estate development sector. The Company focuses on the property development and real estate promotion. The Company, along with its subsidiaries, is active in the provision of housing construction (group and individual) and carrying out the development of land areas (plot of building land). The Company operates in three countries, including France, Switzerland and Luxembourg. The Company holds stakes in various entities, including SAS 2C AMENAGEMENT, SAS CAPELLI PROMOTION, CAPELLI LUX SA, SNC LES COTEAUX DE LOGRAS, SCI LES JARDINS DE LEANE, SNC CAPELLI B1, SNC CAPELLI B2, SNC CAPELLI B3, SNC ORANGE and SAS CAPELLI FINANCEMENT, among others.

Provider
GreenSome Finance
GreenSome Finance

​The independent financial analysis dedicated to Small & Mid Caps. Established in 2011, GreenSome Finance specializes in independent financial analysis and financial advice to SMEs, listed and unlisted. Our role is to support managers in their strategy of value creation.

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Analysts
Arnaud Riverain

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