Altarea : Q3 2024: a very active quarter in all businesses, a more optimistic message and confidence renewed in the roadmap in the medium term
>Start of positive momentum in residential property development - Altarea reported for 9M 2024 sales at € 1,663.8m, down 8.4% y-o-y and relatively close to our forecasts (€ 1,638m est.). This performance mainly reflects the transition period that residential property development is currently navigating, noting that: 1/ Altarea thinks that it has now set down the foundations of its new production tool for an upturn that could materialise in 2025-2026 and that; 2/ the ...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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