Top 3 Markets:

1. France: approx. 65%
2. Spain: approx. 20%
3. Italy: approx. 10%

Carmila S.A. generates the majority of its revenue from renting retail spaces in shopping centers. The company's main markets are France, Spain, and Italy, with France accounting for the largest share of revenue. These markets are crucial for Carmila as it has a strong presence and established shopping centers there.

Revenues mainly come from the retail sector, with a focus on renting spaces to various retail companies. The emphasis is on collaborating with large retail chains and supporting local businesses to ensure a diverse tenant structure.

Carmila S.A. is not a manufacturing company, but a real estate company specializing in the management and development of shopping centers.

Carmila S.A. operates and develops shopping centers mainly located near Carrefour supermarkets. The company operates in several European countries, including France, Spain, and Italy. Since Carmila S.A. does not produce physical products, there are no production sites in the traditional sense. Instead, the company focuses on managing and optimizing its real estate portfolios.

Current Strategy: Expansion and Digitalization

Carmila S.A. is pursuing a growth strategy based on the expansion of its retail properties and the digitalization of its services.

The company plans to strengthen its presence in existing markets by investing in the modernization and expansion of its shopping centers. This includes both physical renovations and the integration of digital technologies to enhance the customer experience.

Another focus is on utilizing data analysis to better understand customer behavior and develop targeted marketing strategies. Carmila also relies on partnerships with retailers to promote innovative concepts and pop-up stores in their centers.

Through these measures, Carmila aims to increase visitor numbers and enhance the attractiveness of its locations for tenants and customers.

Main raw materials: Building and renovation materials
Countries of origin: EU countries, China, USA

Carmila S.A. is a company specializing in the operation and management of shopping centers. Therefore, it mainly imports building and renovation materials for the maintenance and development of its properties.

The materials mainly come from EU countries, which is due to the geographical proximity and trade agreements. In addition, specialized materials and technologies are imported from China and the USA to ensure modern and efficient construction and renovation projects.

This import strategy enables Carmila to remain competitive and maintain the high standard of its properties.

Market share in France: 20% (2025, estimated)
Real estate portfolio value: 6.5 billion euros (2025)
Average lease term: 5 years (2025)

Carmila S.A. has a significant competitive advantage due to its strong presence in the French market, where it holds an estimated market share of 20%. This allows the company to benefit from a stable and diversified tenant base, leading to a consistent income stream.

Carmila's real estate portfolio, valued at 6.5 billion euros, demonstrates the company's ability to secure high-quality locations that are attractive to retailers. These strategic locations are often near Carrefour supermarkets, generating additional customer traffic and increasing attractiveness for tenants.

The average lease term of 5 years provides Carmila with a certain level of stability and predictability in terms of income. This is particularly advantageous in a volatile market environment as it allows the company to build long-term relationships with tenants and minimize turnover.

Institutional Investor Share: approximately 60% (estimated, 2026)
Insider Buys/Sells: No significant transactions in the last quarter (estimated, 2026)

The institutional investor share in Carmila S.A. is estimated to be around 60%. This is typical for companies of this size and industry, as institutional investors often seek stable returns and dividend yields in their portfolios.

There were no significant insider transactions in the last quarter, which could indicate a stable confidence of the management in the future development of the company. Such information is important for assessing the leadership's trust in the company's own strategy.

Market share of Carmila S.A.: Estimated 3-4% (2026)

Top competitors and their market shares:

1. Unibail-Rodamco-Westfield: 15%
2. Klépierre: 12%
3. Mercialys: 8%
4. Ceetrus (Auchan Holding): 6%
5. Carmila S.A.: 3-4%
6. Altarea: 3%
7. Gecina: 2%
8. Icade: 2%
9. Covivio: 1.5%
10. Société de la Tour Eiffel: 1%

Carmila S.A. is a significant player in the retail real estate sector in France, but with a smaller market share compared to leading companies like Unibail-Rodamco-Westfield and Klépierre. Carmila S.A.'s market share is estimated at 3-4%, positioning them in the middle of the industry.

Carmila S.A.'s moat is mainly defined by its strategic partnership with Carrefour, giving them an advantage in site selection and customer traffic. This partnership allows Carmila to place its shopping centers near Carrefour supermarkets, increasing customer footfall.

Compared to larger competitors like Unibail-Rodamco-Westfield and Klépierre, which have a broader portfolio and stronger international presence, Carmila's moat is less pronounced. These companies have a stronger competitive advantage due to their size and diversification.

Overall, Carmila S.A. has a solid but not outstanding moat compared to industry leaders. Competitors generally have stronger competitive advantages due to their size and international reach.

Revenue growth: Estimate 3-4% annually (2025) Net income growth: Estimate 2-3% annually (2025) Dividend yield: Estimate 6-7% (2025)

Carmila S.A. is a significant player in the retail real estate sector in Europe, particularly in France. The company has been consistently investing in the modernization and optimization of its properties in recent years to increase value for tenants and customers. These investments help enhance the attractiveness of the locations and stabilize rental income.

Carmila's dividend yield is traditionally high, making the stock attractive to income-oriented investors. The company has a solid balance sheet and demonstrates an ability to generate stable cash flows, supporting dividend payouts.

Overall, Carmila S.A. could be a good investment for investors interested in stable returns and a solid dividend yield. However, potential investors should keep an eye on economic conditions and developments in the retail sector as these factors can influence future performance.

Dividend Yield: 5.2% (2026, estimated)

Carmila S.A. has regularly distributed dividends in recent years, indicating a relatively reliable dividend policy. The dividend yield of 5.2% in 2026 shows that the company continues to strive to offer its shareholders an attractive return.

The reliability of the distribution depends on several factors, including the financial stability of the company and the general market conditions. Carmila has demonstrated solid financial performance in the past, which is positive for future dividend stability. However, analysts may monitor economic conditions and Carmila's specific performance in the coming years to assess the sustainability of the dividend policy.