Klépierre : Clearer visibility on the recovery in business after the health crisis
>Very solid performance with very robust rental activity - Klépierre reported a solid operating performance as we expected, reflecting a continuing normalisation of its activity. It includes 9M 2022 revenues of € 1.104bn (+17.1% y-o-y), largely in line with our expectations after adjusting for IFRS 15:Q3 2022 retailer revenues at the same level as in Q3 2019: they increased by +6% y-o-y in Q3 whereas they accounted in Q3 2021 for 94% of sales in Q3 2019. The pos...Klepierre specializes in the development, rental, and asset management of real estate properties in 13 Continental Europe countries. Co. also provides services to third party customers. Co.'s properties include shopping centers, office buildings and shops. It structures its operation into business segments and geographic regions: Shopping centers are structured into 6 operating segments, and the remaining two operating segments are Retail Assets and Office Buildings. As of Dec 31 2013, Co.'s portfolio comprised 91 centers in France/Belgium, 25 centers in Scandinavia, 35 centers in Italy, 76 centers in Spain/Portugal, 23 centers in Central Europe, and 6 centers in other countries.
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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