Argan SA : Robust growth in 2023 and a more modest pace further out, but greener
>2023 net recurring earnings expected to show growth of +4% - Argan yesterday evening confirmed continuing robust operating momentum in 2022-2023:Its net recurring earnings in 2022 came to € 119.2m (+6% y-o-y) slightly ahead of the guidance of € 118m for 2022 net recurring earnings per share of € 5.22, which is marginally higher than the consensus (€ 5.18) and in line with our expectations (€ 5.23). This includes rental revenue of € 166m (+6% y-o-y) as reported o...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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