Argan SA : Good capacity to maintain positive growth
>Forecast rental revenue growth of +10% in 2023e - This evening Argan is due to report its full-year revenues ahead of its complete earnings on 19 January 2023 and we broadly expect it to maintain its growth trajectory for 2022-2023:We see 2022 net recurring earnings per share growing by +4.7% to € 5.21, in line with the guidance (i.e. net recurring earnings of € 118m), with full-year revenues of about € 165m (+5.5%e) and growth driven by the cumulative effect of...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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