Eastnine AB (OSTO:EAST)
kr 47.2 -0.275 (-0.58%) Market Cap: 4.20 Bil Enterprise Value: 6.83 Bil PE Ratio: 58.63 PB Ratio: 0.93 GF Score: 39/100
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Q2 2022 Eastnine AB (publ) Earnings Call Transcript

Jul 14, 2022 / 08:00AM GMT
Release Date Price: kr22.75 (+4.00%)
Kestutis Sasnauskas;publ;CEO
Eastnine AB

()-

Hello, and a very warm welcome to Eastnine's second quarter results. Today, we will, myself, Kestutis Sasnauskas; and Britt-Marie Nyman, will present you our quarterly results, which we are very happy to present because they are truly very, very strong.

Before I start, I'd like to inform you that there is a certain delay in our sending. So please make sure that you post your questions while we are speaking, so we see them actually right after we finish our presentation.

With this, let's move on. So we have truly a very, very strong quarter, record high revenues, record high profits. And of course, the key happenings that led to it are basically 2. First of all, is our acquisition in Poland, which have a very significant contribution. We'll go into a bit later. But we also have very strong net letting. And actually, our market performed extremely strong. Our core market, Vilnius, has been very, very strong during the first half of the year.

This resulted in rental income growth of 29%, operating income

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