S IMMO AG (WBO:SPI)
€ 22.2 -0.1 (-0.45%) Market Cap: 1.56 Bil Enterprise Value: 1.73 Bil PE Ratio: 185.00 PB Ratio: 0.95 GF Score: 82/100
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Q2 2022 S Immo AG Earnings Call Transcript

Aug 29, 2022 / 01:00PM GMT
Release Date Price: €22.85
Operator

Good afternoon, ladies and gentlemen. And welcome to the S IMMO AG conference call, regarding the half-year results 2022. (Operator Instructions)

Let me now turn the floor over to your host, Dr. Bruno Ettenauer.

Bruno Ettenauer
S IMMO AG - CEO

Thank you. Good afternoon, ladies and gentlemen, and good afternoon, everybody. I welcome you to the S IMMO half year's earnings call.

As you might be aware, the first half year was influenced by geopolitical environment changes, I mean, Ukraine war, a change of interest rates, inflation and unclear outcome of the corona crisis and additionally, for S IMMO, also the change of the status of the S IMMO lifting, the voting cap and creating the necessity of a mandatory takeover bid by CPI.

Seeing that, let me now start with the highlights of the first year's results and then we will add some comments to things have happened afterwards immediately.

First of all, as of page 4, we managed to increase our total revenues to EUR119.6 million which is a plus of almost EUR30 million. Thereof,

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