Argan SA : Still robust operating momentum for 2024
>2024 net recurrent earnings expected to show growth of +6% - Argan yesterday evening confirmed it sees further solid operating momentum in 2023-24:Its net recurrent earnings (RNR) for 2023 came in at € 125.6m (or +5% y-o-y), slightly above the guidance of € 124m for net recurrent earnings per share in 2023 at € 5.5 (+4.4%) vs a consensus of € 5.40. It includes rental revenues of € 184m (+11% y-o-y) as reported on 3 January, and a slightly higher cost of debt 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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