Carmila SA
14.38
EUR
-0.06
(-0.42%)
ISIN
FR0010828137
Return %
Stock
S&P 500
1Y
-17.45
14.20
3Y
7.63
81.12
5Y
6.36
68.34
Capital Structure
EUR
•
in mil. unless spec.Working Capital
EUR
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in mil. unless spec.Growth Rates
EUR
•
in mil. unless spec.Semi-annual Revenue
EUR
•
in mil. unless spec.Semi-annual Earnings Per Share
EUR
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in mil. unless spec.Semi-annual Dividends Per Share
EUR
•
in mil. unless spec.Company Description
- CEO
- Marie Cheval
- Full Time Employees
- 259
- Sector
- Retail trade
- Industry
- Discount stores
- Address
- 25, rue d’Astorg Paris IF France 75008
- IPO Date
- Nov 4, 1999
- Website
- carmila.com
- Similar Companies
- Business
- Carmila S.A. is a leading European owner and manager of shopping centers, primarily those adjoining Carrefour hypermarkets; it engages in marketing, leasing, portfolio management, property regeneration, and value extraction across its assets. Founded in 2014 by Carrefour and major institutional investors and headquartered in Paris, France, the company operates 251 shopping centers valued at €6.7 billion as of December 2024, with leading or joint-leading positions in their catchment areas; its portfolio spans France (168 centers, 74% of value), Spain (75 centers, 21%), and Italy, serving over 6,400 partner retailers including brands in fashion (Zara, Mango, Kiabi), health and beauty (GrandOptical, Optic 2000, Krys, Alain Afflelou, Rituals), discount chains (Action, Normal, Tedi), food and restaurants (Krispy Kreme, KFC, Pitaya, O’Tacos), sports (Decathlon, Intersport, JD Sport, Courir), and others (LEGO, Rossmann); core services encompass commercial leasing tailored to surface area and location needs, pop-up stores for visibility and sales boosts, franchising and affiliation matchmaking, Carmila Retail Development investments in promising retailers (13 partnerships covering 305 stores as of 2024), omnichannel platforms including Next Tower (213 towers generating €2.7 million locked-in rental income), and agile restructuring projects. The company derives the majority of its revenue from France and targets everyday convenience retail for local communities, with average occupancy at a record 96.7% (96.2% including recent additions), retailer sales up 1.8% in 2024, footfall up 0.6%, and over 600 million annual visitors. In 2024, Carmila completed the acquisition of Galimmo SCA for €300 million at a 38% discount to EPRA NDV (finalized July-October, adding 51 assets mostly in northeast France valued at €724 million, generating €155 million negative goodwill, €5 million annual cost synergies from 2025, and improved collection rate to 96.6%), issued its inaugural €300 million Green Bond (September, maturing 2032 at 3.875% coupon) plus €100 million tap, sold non-strategic assets including four in Spain for €37.3 million (November 2025) and others totaling €300 million since 2022, signed 942 leases for €54.3 million minimum guaranteed rent (positive 3.0% reversion), completed 46 agile projects (€40 million Capex), advanced 15 mixed-use developments with Carrefour, and progressed five major expansions (Orléans, Montesson, Toulouse Labège, Antibes, Terrassa; €200 million total Capex from 2026); it maintains a BBB stable rating from S&P, EPRA LTV of 38.9%, no refinancing maturities before May 2027, and targets recurring earnings per share of €1.75 in 2025 (up 4.8%).