Carmila : Performance broadly in line with our forecasts
>A decent operating performance - Carmila’s 2019 operating performance was in line with our expectations, with recurring earnings per share of € 1.61 (+5.2% y-o-y) and € 1.63 (+6.6% y-o-y), including investment income vs guidance of +5.0% to +6.5%:Letting/retailer activity: Business was decent, with retailer revenue growth l-f-l of 2.0% (France +2.1%; Spain +2.0%; Italy +1.7%), and organic rental growth of 3.1% (+2.6% excluding IFRS 16) which includes reversion o...Carmila SA, formerly Cardety SA, is a France-based company that operates in the real estate investment sector. The Company is primarily engaged in the acquisition, holding and managing of commercial real estate assets for lease. The Company's real estate assets include a supermarket under the ED brand in Forges-les-Eaux, a shopping center in Pau Lescar, a retail park in Mondeville, a shopping mall in Besancon Chalezeule, a building complex in Salaise-sur-Sanne and a business park project in Quetigny.
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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