Klépierre : Impacts in Italy and potentially in France and still a confident stance on returning to growth after the crisis
>Italy (16.6% of revenue) hit hard by COVID-19 - Klépierre yesterday evening issued a profit warning following the forced closure of a large proportion of the retailers operating in its shopping centres in Italy. The president of the Council of Ministers issued a decree in the evening on 11 March stating that all retailers in the whole country be closed for 14 days up until 25 March with the exception, notably, of food retailers and pharmacies. This decision will cle...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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