Argan SA : High level of confidence for further quality growth
>NRV EPRA +12% over 6 months and 2022 dividend revised up to € 3.00 vs € 2.75 - Yesterday evening Argan reported higher-than-expected first-half results thanks mainly to a faster-than-expected increase in the value of its assets and an upward revision to its 2022 dividend guidance: Recurring net earnings per share came to € 2.56 (+4% y-o-y) in line with the growth trajectory and included a share of rental income of € 81.7m (+7% y-o-y) as reported on 4 July and a...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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