Altarea : Strategic repositioning on individuals in development segment
>Strategic shift towards individuals in residential development and very reassuring indicators in retail - Altarea announced revenues of € 2.061bn in 9M 2021 (-1.9% y-o-y and +8.5% vs 9M 2019), slightly below our expectations (€ 2.152bn est.), following the strategic shift in the offering of new housing towards individuals (66% of sales at end-September vs 30% in 2020):Residential development (revenues +1% y-o-y; 45% FFO H1 2021): Activity was characterised by a ...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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