Argan SA : Good operating momentum in H1 2024, in line, ahead of more comprehensive figures following French elections
>Rental revenues of € 98.1m, with growth of 8% y-o-y in H1 2024 - Argan posted rental revenues of € 98.1m in H1 2024 vs € 90.9m in H1 2023 up 8% y-o-y and very close to our expectations (vs € 97.6m est.). This growth was largely driven by the full-year effect of rents generated by developments in 2023, rents from the warehouses delivered in H1 2024, as well as the effect of rental indexations (+4.6%) at 1 January 2024.All told, Argan confirmed its guidance for re...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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