Aroundtown SA : Solid Q1 2020 results – Q2 2020 set to be tough for hotel rental revenues – But AT1 well-equipped to withstand and benefit from the crisis
>Solid Q1 2020 results unaffected by COVID-19 crisis – still no guidance - Yesterday (Wednesday 27 May), Aroundtown (AT1) reported Q1 2020 figures, that were broadly in line with our expectations. Revenues increased significantly to € 277.7m (+33.8% y-o-y) in line with our estimate of € 279.6m and which were also driven for the most part by the first-time consolidation of TLG in February 2020. Property revaluations increased to € 318.4m (+32.7% y-o-y) clearly beating...Aroundtown Property Holdings Plc (Co.) is a specialist real estate investment group, focusing in the German real estate markets. Co. covers the main real estate segments which benefit from strong fundamentals and growth prospects: residential (through its holding in Grand City Properties S.A.), commercial and hotel properties. The Co.'s vision is buying, redeveloping, turning around and optimizing real estate properties in Germany.
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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