Pierre & Vacances : Exercice 2020 sans surprise difficile – OC abaissé à 17 € – Achat maintenu
>CA T2 2020 (clos à fin mars) en recul de 7%, dont -10.5% en Tourisme - P&V a publié un CA du S1 2020 à 696 M€ (ODDO BHF : 654 M€e), en baisse de 5.7% y-o-y. Sur le seul T2, la baisse du CA ressort à 7% à 321 M€, dont -10.5% en Tourisme et +14.1% en Immobilier. Dans la division Tourisme, le CA S1 2020 est en légère progression de +0.7% à 547.4 M€ (vs ODDOBHF :527.3M€e), dont un CA Location à 367.1 M€, quasi-stable, mais en progression de 6.7% à données comparables (ho...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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