Argan SA : 2023 guidance confirmed ahead of the upcoming publication of the new ESG strategy
>Rental income for 9M23 at € 137m (+12% y-o-y), 2023 net recurring income still expected at € 124m (+4%) - Argan posted rental income of € 137.2m in 9M23 (vs € 137.1m est.), i.e. up 12% y-o-y and 1.3% q-o-q. This increase was due to the full-year effect of deliveries in 2022, rents paid on warehouses over 9M23 as well as the indexation of rents in January 2023 (+4% anticipated on average in 2023) whilst the group’s assets are still 100% occupied.This strong opera...Argan SA designs, builds, develops, owns, leases, and manages logistical bases and warehouses in France. Co. is also involved in land development and management, delivering turnkey projects to its customers. Co divides its activities among two categories of clients: Shipper and Logisticians. It serves shippers, manufacturers or distributors. In addition, Co. serves logisticians, operating the logistics of shippers, including Alloga, Arvato, Daher, Dartess , FM Logistic, Geodis, Kuehne & Nagel, Movianto, Neovia logistics, and XPO Logistic. Co.'s portfolio amounts to more than 1,600,000 mA2, made up of 50 logistics platforms and 9 couriers, making a total of 59 buildings.
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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