Report
Florent Laroche-Joubert

Klépierre : Une activité solide sur 9M19 et un consensus qui nous parait (trop) conservateur

>Une performance opérationnelle conforme à nos attentes, guidance annuelle confirmée - Klépierre publie un CA d’affaire trimestriel conforme à nos attentes à 997.1 M€ sur 9M19 (nous tablions sur 990 M€) en très légère baisse comme attendu de 0.9% suite aux cessions stratégiques réalisées sur 2018 et 2019. Le management réitère sa guidance annuelle avec un CFNC / action attendu d’au moins 2,76 € (i.e. au moins + 4,2% yoy) conforme à nos attentes. Dans le détail, l...
Underlying
Klepierre SA

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.

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

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