Covivio SA Announces Strong First Half of 2024

Covivio SA (FR:COV) has released an update.

Covivio SA has reported a transformative first half of 2024, with a key expansion in the hotel sector and a strengthened financial structure leading to a raised recurring net result guidance for the year. Strategic partnerships and acquisitions, including a joint venture in Berlin’s residential market and a memorandum of understanding with AccorInvest, have contributed to a 6.5% like-for-like revenue growth. The company’s ESG strategy shows continual progress, with 96% asset certification and an increased proportion of debt tied to ESG objectives.

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