Report
Florent Laroche-Joubert

Icade : More visibility on the top line over the next five years after the 2024 investors’ day, although with impacts on cash flow that should be detailed

>Short term, guidance for 2024 conservative due to the uncertain environment - Yesterday Nicolas Joly, Icade's CEO since April 2023, and his team presented the group’s new five-year strategic plan (2024-2028).For 2024, the group remains cautious for the time being with guidance for NCCF pro forma anticipated at between € 2.75 and € 2.90 (i.e. -7.8% y-o-y) due to uncertainties linked to the environment but also the specific characteristics of its portfolio and hop...
Underlying
Icade SA

Icade is a property developer/real estate investment trust (REIT). Co. offers its clients and business partners a range of complementary products and expertise in the development, design, contracting, marketing, and administrative and technical management of their properties. Co.'s activities are segmented into three divisions: Property Investment, Property Development, and Services. Property Investment focuses especially energy, water, waste and carbon comprises significant properties; Property Development targets properties and operations whose service orders were launched during the year, and Services division manages office buildings and housing units on behalf of third parties.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Florent Laroche-Joubert

ResearchPool Subscriptions

Get the most out of your insights

Get in touch