New Work SE (LTS:0OR4)
€ 65.55 0 (0%) Market Cap: 367.58 Mil Enterprise Value: 306.87 Mil PE Ratio: 30.70 PB Ratio: 2.79 GF Score: 36/100

Q3 2023 New Work SE Earnings Call Transcript

Nov 09, 2023 / 01:00PM GMT
Release Date Price: €73.15 (+4.35%)
Operator

Good afternoon, ladies and gentlemen, and welcome to today's earnings call of New Work SE following the publication of the Q3 figures of 2023. The CEO, Petra Von Strombeck, the CFO, Ingo Chu, and Patrick Miller from Investor Relations will give you a presentation on the results in a moment, and the floor will be opened for upcoming questions following the presentation.

Having said that, I hand over to you, Ms. Von Strombeck.

Petra Von Strombeck
New Work SE - Chairman of Executive Board & CEO

Hello, and welcome, everyone, to our quarterly update. Thank you for joining us today. As always, Ingo and Patrick are seated next to me, and they will guide you through the financials later.

Let me start with a general comment today. As you can imagine, my colleagues from the board and I are quite unhappy about the stock price development, particularly when we look at what has happened to our valuation since the beginning of October. Our goal is to create shareholder value by developing promising products and investing in the right markets to

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