Altarea : Growth still in evidence, short-term caution but medium-term potential intact!
>Double-digit sales growth and lower net debt! - Altarea's 9M 2020 performances (sales € 2.099bn, +10.5% y-o-y vs € 1.948bn est.) show continuity from H1, with strong growth, as the group capitalised on its capacity in Q2 to maintain and restart operations faster than its peers in a challenging context. Its Q3 performance also highlights a very marked recovery in growth in residential development prior to the resurgence of the COVID crisis: Residential developmen...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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