Unibail-Rodamco-Westfield : Reassuring outlook for 2022 and 2023
>Recurring EPS in line with the consensus and KPIs improving - URW this morning published adjusted recurring EPS for 2021 of € 6.91 (-5.1% y-o-y) vs guidance for “at least € 6.75” which reflects a 2021 that was largely affected by the health crisis but for which URW's shopping centre activities proved resilient with a view to the recovery that managements confidently anticipates for 2022: Retail sales at 93% vs H2 19: retail tenants’ sales continued to outperfor...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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