Argan SA : 2024 targets confirmed, a reassuring message on future growth despite current uncertainties
>Recurring net income per share guidance for 2024 confirmed at € 135m, 2024 dividend raised to € 3.30 - Argan confirmed yesterday evening that it maintained robust operating momentum in H1 24 with recurring net income per share at € 2.80 (+2.6% y-o-y) vs € 2.71 est. vs css at € 2.68:Recurring net income group share rose +7% at € 67m for H1 2024, in line with growth in gross rental income at € 98.1m (i.e. +8% y-o-y, of which +4.6% in rent revisions at 1 January 20...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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