Branicks Group AG (OTCPK:DDCCF)
$ 2.5 -0.06 (-2.34%) Market Cap: 204.35 Mil Enterprise Value: 2.57 Bil PE Ratio: 0 PB Ratio: 0.22 GF Score: 67/100
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Q3 2023 Branicks Group AG Earnings Call Transcript

Nov 08, 2023 / 09:00AM GMT
Release Date Price: $4.6
Operator

Dear ladies and gentlemen, and a warm welcome to Q3 2023 presentation of Branicks Group AG.

I now hand you over to your host, Sonja Warntges, CEO of Branicks Group AG.

Sonja Warntges
Branicks Group AG - Chairwoman of the Management Board, CFO & CEO

Yes. Good morning, ladies and gentlemen. Also from my side, a very warm welcome to Branicks 2023, 9 months results conference call.

Today, as usual, I'm joined by my colleagues from Accounting and Investor Relations. We will give you a short presentation of our results and highlights for the first 9 months, followed by a Q&A session.

Overall, also in the third quarter, we were still facing a challenging market environment. Especially the transaction activity remained affected by the low macroeconomic outlook and the interest rate environment in Germany. Apart from the individual transactions, there was still little movement in the third quarter. Expectations for a full recovery of the transaction market are now focusing on 2024.

Despite this difficult environment, we

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