Report
Florent Laroche-Joubert

Altarea Cogedim : 9M 2019 activities strong across all segments in line with H1 2019

>Operating performance in line with H1 2019, guidance confirmed - Yesterday evening, Altarea-Cogedim reported consolidated revenues for the first nine months of 2019 up +21% y-o-y to € 1,900m (+18% excluding scope effects) buoyed by good momentum in property development (+22% y-o-y) and a strong performance for the retail portfolio (+8% y-o-y). As in H1 2019, the figures reported by Altarea-Cogedim for 9M 2019 reflect strong activity across all segments:Residenti...
Underlying
Altarea SCA

Altarea Cogedim is a real estate investment trust and development company. Co. is an active operator in the three main segments — retail, residential & office-hotels property — with the ability to design, develop, market & manage custom-tailored real estate products. In the Retail segment, Co. is active in real estate investment, development, asset management, providing services to third-party customers. In the Residential segment, Co. is a residential property developer. In the Office Property segment, Co. is a global operator active in all commercial property formats: high-rise buildings, business districts, corporate headquarters, renovation projects, green districts & luxury hotels.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Florent Laroche-Joubert

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