Mercialys: 2024 First-quarter Activity [Yahoo! Finance]
CARREFOUR SA S/ADR (CRRFY)
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Source: Yahoo! Finance
Vincent Ravat, Mercialys' (Paris:MERY) Chief Executive Officer: "Mercialys continued building on its very robust business trends during the first quarter of 2024, with organic growth of +4.6%. The economic environment is stabilizing, with inflation easing and household consumption picking up strength. Alongside this, the Casino group's divestment of the business operations of hypermarkets owned by Mercialys is expected to further strengthen the appeal of the Company's sites, while improving its rental risk profile. Mercialys is therefore able to confirm its objectives for 2024, with net recurrent earnings per share growth of at least +2% and a dividend payout ratio to range from 75% to 95% of 2024 net recurrent earnings". I. Very robust organic growth in invoiced rents of +4.6% During the first quarter of 2024, Mercialys recorded +4.6% organic growth Invoiced rents came to Euro 45.5 million, up +4.5% from the first quarter of 2023, reflecting a virtually neutral scope effect for
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