Altarea : Good Q1 driven by residential at an all-time high!
>Sales growth of +15.7% y-o-y and +10.5% vs Q1 2019 - Altarea reported good Q1 2021 results (sales € 655m +15.7% y-o-y and +10.5% vs Q1 2019), beating our estimates (€ 594m est.), driven mainly by the good trend in residential development in a context still strongly affected by the health crisis: Residential development (sales +39% y-o-y; 55% of FFO 2020): this performance was due to the good trend in commercial activity and the decent progress on building sites ...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.
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.
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