on COVIVIO (EPA:COV)
Covivio's Strategic Growth Highlighted at 2024 Capital Markets Day
On November 28, 2024, Covivio hosted its annual Capital Markets Day in Paris, marking a pivotal point in its strategic trajectory. The company reported the successful implementation of its 2022-2024 strategy, including securing €1.5 billion in disposal agreements and a decrease in its Net Debt to EBITDA ratio.
Covivio has also expanded its hotel portfolio, now constituting 20% of its assets, through increased stakes in Covivio Hotels. Asset values stabilized in the latter half of 2024, with a notable upturn in hotel investments, reflecting a growing market confidence amidst easing inflation and interest rates.
Looking ahead to 2030, Covivio plans to balance its portfolio across hotels, residential, and offices equally while enhancing its hospitality approach. The company aims to maintain its ESG leadership by reducing carbon emissions and launching a biodiversity strategy.
R. P.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all COVIVIO news