Klepierre rises on 'Robust H1', hikes outlook

Klepierre SA

31/07/2024 09:22

** Shares in French shopping centre operator Klepierre
 LOIM.PA  rise 4% after it posted positive H1 results and a 2%
increase in EPS guidance
    ** "In many aspects, we see this set of results as better
than peers," says Jefferies, adding that company's LFL growth is
up 6% vs 3.4% to 5.3% growth reported by its peers, including
URW, Mercialys and Carmila
    ** Results were solid despite a challenging retail
environment, says Degroof Petercam
    ** "The stabilization of the fair value is encouraging and
comforts the idea that retail market might be close to the
bottom" - Degroof Petercam
    ** If the gains hold stock will see its best day since Dec.
14, 2023


 (Reporting by Dimitri  Rhodes)
 ((Dimitri.Rhodes@thomsonreuters.com;))