Unibail-Rodamco-Westfield : Good momentum on recurrent trend but no new visibility on disposals
>Recurrent EPS adjusted to € 5.28 (+6.6% y-o-y) and KPI in excellent shape - URW this morning reported adjusted recurrent EPS for H1 2023 of € 5.28 (+6.6% y-o-y) vs full-year guidance of between € 9.30 and € 9.50:Retailer revenues up +9.2% y-o-y: retailer sales remain in good shape, with +11.8% y-o-y in continental Europe, +6.8% in the UK, and +4 .6% in the US and thus ahead of core inflation at 5.7%. Footfall, meanwhile, grew by 7.3 % (with continental Europe (+...Unibail-Rodamco is a commercial property operator, investor and developer. Co. is operationally organized in six geographical regions: France, Spain, Central Europe, Austria, the Nordics and The Netherlands. Its activities are divided into three business lines or segments: Shopping Centres, Offices and Convention & Exhibition. Co.'s Shopping Centres segment focuses primarily on the retail sector; the Offices segment takes care of office assets that are mainly located in the Parisian Central Business District; and the Convention-Exhibitions segment consists of a real estate venues and operations organization, and trade show organization.
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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