Kaufman & Broad : Highly resilient profitability, balance sheet adds further strength
>Feedback from road show with management - At a road show with management and a conference call, the Kaufman & Broad group reviewed its 9m results and short/medium-term growth prospects. Our key takeaways: On the commercial front, pre-sales inched up 5.8% over 9m to 3,433 units (+8% in value) with Q3 at +2.6%. The group significantly improved its market share (market in volume over 9m: -17% est.). As a result, the housing backlog stood at € 2.05bn, virtually sta...Kaufman & Broad SA is a France-based property developer and builder. The Company is principally engaged in the development of single family homes and apartments, commercial real estate activity, as well as the provision of residence services for business tourists and students. The Company is involved in all stages of implementation of a development program, land research to commercialization of housing through project design, the filing of a building permit and after-sales service. The Company has operations in numerous cities in France, such as Bayonne, Bordeaux, Grenoble, Lille, Lyon, Marseille, Montpellier, Nantes, Nice, Paris, Rouen, Strasbourg, Toulon and Toulouse, among others. Furthermore, the Company provides construction of logistics platforms and warehouses. It is also operational through a number of subsidiaries, including Kaufman & Broad Pyrenees-Atlantiques, Kaufman & Broad Homes SAS, SM2I and Residences Bernard Teillaud SARL, among others.
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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