Klépierre : Very solid performance with accelerating organic growth
>Robust organic growth of +8.6% in 9M 2023 - Klépierre posted a solid operating performance, as we expected, reflecting the ongoing normalisation in its business, with sales in 9M 2023 of € 1.0427bn (+5.1% on current scope; net rental revenue at +8.6% on constant scope):Retailer sales in 9M 2023 at +7% y-o-y vs +8% in H1 2023: all countries contributed to this growth and posted growth of at least +5% y-o-y bearing in mind the comps are less favourable for 9M23 th...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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