Orascom Development Holding Ltd

ODHN

Equity

ISIN CH0038285679 / Valor 3828567

SIX Swiss Exchange (2024-12-23)

CHF 5.56%

Orascom Development Holding Ltd
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About company

Orascom Development Holding Ltd is a leading international developer that specializes in creating vibrant, integrated communities in Europe, the Middle East, and North Africa. With over 30 years of experience, the company has been a pioneer in developing destinations where people can live, work, and play with passion and purpose. Their towns are designed to bring together individuals, families, residents, visitors, leisure, and business to form inspiring communities. Orascom Development Holding Ltd is listed on the SIX Swiss Exchange and has been leveraging its unique approach to destination development since 1989.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

Orascom Development Holding Ltd reported a significant increase in revenue for the third quarter of 2023. The company achieved total revenues of CHF 655 million, reflecting its strong market position and successful sales strategies across its various business segments.

Net Profit

In the third quarter of 2023, Orascom Development Holding Ltd recorded a net profit of CHF 54 million. This positive outcome underscores the company's effective cost management and operational efficiency amidst a challenging economic environment.

Real Estate Sales

Orascom Development Holding Ltd successfully sold more than 2,100 residential real estate units during the third quarter of 2023. This achievement highlights the strong demand for the company's integrated community developments and its ability to attract buyers even in a competitive market.

Hospitality Performance

The hospitality segment of Orascom Development Holding Ltd performed impressively in the third quarter of 2023, hosting over 2.7 million guests. The hotels maintained an average occupancy rate of 65%, contributing significantly to the company's overall revenue.

Commercial Recurring Income

Orascom Development Holding Ltd generated CHF 72 million in revenues from its commercial recurring income assets in the third quarter of 2023. This steady income stream from commercial properties further strengthened the company's financial stability and growth prospects.

Summarized from source with an LLMView Source

Key figures

12.6%1Y

-47.5%3Y

-63.8%5Y

Performance

45.7%1Y

41.0%3Y

40.0%5Y

Volatility