Patrizia AG : Patrizia defies COVID-19 in Q2 2020
>Strong preliminary operating income in Q2 2020 - On late Tuesday afternoon (21 July), Patrizia unexpectedly released, on a preliminary basis, a strong Q2 2020 operating income of € 49.4m mainly driven by performance fees. Q2 2020 operating income was down by -10.1% y-o-y vs Q2 2019 operating income of € 55.0m, also strong and primarily driven by performance fees. However, Patrizia´s Q2 2020 performance fees were up sharply vs Q1 2020 due to an above-average inve...Patrizia Immobilien is engaged in the purchasing, management, appreciation and sale of residential and commercial real estate. Co. operates via two operating segments. The Investments segment primarily bundles portfolio management and the sale of own investments while the Management Services segment covers a range of real estate services, in particular analysis and advice during the purchase and sale of individual residential and commercial properties or portfolios, the management of real estate, management of real estate portfolios as well as consultation with regard to investment strategy, portfolio planning and allocation and the execution of investments.
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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