Altarea : Vigilance short term and confidence in future and growth initiatives
>The previous cycle has been discounted and management is vigilant on 2024 - We received Alain Taravella (Chair), Jacques Ehrmann (CEO) and Eric Dumas (CFO) for their roadshow following the presentation of Altarea’s 2023 results (details on following pages).Management is looking to present a lucid and transparent stance on residential development: it does not anticipate an exit from the crisis before end-2024 and it then foresees a gradual upturn in 2025-2026. Ag...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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