Pierre & Vacances : CA FY18 légèrement inférieur, guidance d’EBIT abaissée suite au décalage de programmes immobiliers à 2019
>CA FY18 légèrement inférieur à nos attentes - P&V a publié un CA FY18 de 1 523 M€ (+1.1% en publié), soit légèrement inférieur à nos attentes (1 551 M€).Dans la division Tourisme, le CA FY18 progresse de 4.1% à 1 357 M€ (vs Oddo BHF 1 378 M€), dont CA Location à 858 M€, soit +2.6% hors effet offre (+4.4% publié) soutenu par l’ensemble des destinations touristiques ainsi que par le redressement d’Adagio (+7.1% sur l’année). Cependant, la croissance du CA au T4 (+...Pierre & Vacances is engaged in the market of local tourism by operating apartments and homes, or beds, located primarily in France (in mountain, seaside and countryside resorts, cities and the French West Indies), as well as in the Netherlands, Germany, Belgium, Italy and Spain. Co. develops its activities through two lines of business: the Property Development business (building and marketing of the residences and villages in France, Italy and Spain) and the Tourism business (operating and marketing of holidays in residences and villages under the Pierre & Vacances, Maeva, Adagio, Residences MGM, Hotels Latitudes, Center Parcs Europe and Sunparks brands).
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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