Instone Real Estate Group SE (FRA:INS)
€ 8.16 -0.14 (-1.69%) Market Cap: 353.51 Mil Enterprise Value: -64.12 Mil PE Ratio: 26.00 PB Ratio: 0.62 GF Score: 81/100

Q2 2024 Instone Real Estate Group SE Earnings Call Transcript

Aug 08, 2024 / 10:00AM GMT
Release Date Price: €9.15 (+3.16%)
Operator

Good morning, everyone. Thank you for joining our Q2 '24 earnings call. Our CEO, Kruno Crepulja; and our CFO, David Dreyfus, who will walk you through our presentation and give you an update on our current business performance and our outlook. As usual, this will be followed by a Q&A session.

With this, I'd like to hand over directly to Kruno.

Kruno Crepulja
Instone Real Estate Group SE - Chief Executive Officer

Hello, everyone. Thank you for joining our H1 earnings call. If we look at Instone's business performance in the last quarter, I think it is fair to say that we once again delivered a very solid operating and financial performance. We have shown once again that we are managing the market crisis well. The results in the first six months also give us further confidence that we are well on track to achieve our financial targets for full year 2024.

The market is currently stabilizing. After the demand shock we have experienced, the market seems to have found a bottom in terms of transaction volumes and also in terms of prices. We are

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