Perspectives | Covivio, bilan stratégique et priorités pour 2030 : cap vers l’hôtellerie !
💰 Covivio, facing inflation and interest rate hikes, altered its 2022-2024 strategy. Achieved €1.5 billion in sales, including a €200 million deal for Moncler's future Milan headquarters. Reduced LTV to under 40%, lowered net debt/EBITDA from 14.5x mid-2022 to 12.1x in June 2024, and doubled liquidity to €2.5 billion. Revenue grew by 13.6% since end-2022, with net recurring income increasing from €430 million to an expected €460 million by end-2024. Covivio increased its hotel holdings to 52.5% from 43.8% at end-2023.
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