Carmila : Operating momentum still solid and balance sheet propped up further
>A solid operating performance, as in H1 2023, and 2023 guidance reiterated - Carmila’s 9M 2023 results (net rental income of € 258.3m, i.e. +1.8% at current scope and +4.2% at constant scope) reflected another solid operating performance from its local shopping centres, as was the case in H1 2023:Retailer sales up +6% y-o-y vs +7% y-o-y in H1 2023: we see this performance as a reflection of Carmila’s solid business model at a time when household purchasing power...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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