S IMMO AG (WBO:SPI)
€ 22.2 0 (0%) Market Cap: 1.56 Bil Enterprise Value: 1.73 Bil PE Ratio: 185.00 PB Ratio: 0.95 GF Score: 79/100
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Q1 2021 S Immo AG Earnings Call Transcript

May 28, 2021 / 01:00PM GMT
Release Date Price: €21.8 (+0.93%)
Operator

Good afternoon, ladies and gentlemen, and welcome to the S IMMO AG conference call regarding the results of Q1 2021. (Operator Instructions)

Let me now turn the floor over to your host, Mr. Ettenauer. Please go ahead.

Bruno Ettenauer
S IMMO AG - CEO

Thank you. Good afternoon, everybody. Welcome to the analyst call Q1 '21. Thank you for joining. With me are my colleagues, Herwig Teufelsdorfer, Friedrich Wachernig, and Wilhelm Bayer.

Now let's skip to slide 4, which shows key drivers in the three areas: operational performance, financial, as well as transactions and capital market activities. As a general note, I would like to call to your attention that our operational figure for Q1, at least as last year, were largely unaffected by COVID-19. This means that operationally, we are actually comparing pre-Corona to Corona numbers.

Having said that, S IMMO managed to largely confine the effects of the Corona crisis to the hotel business, which obviously was impacted significantly by COVID-19, and is responsible for the reduction of our

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