ADLER Group S.A. (0RA1) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thanks for joining us for the ADLER Group twenty twenty five results call. Speakers today, as usual, are our CEO, Doctor. Karl Beinetsuber and our CFO, Thorsten Argan. Both will guide you through today's presentation and then answer your questions. Please note that this call is being recorded and will be made available on our website where you can also find today's presentation. For me, today marks my first results call with you since I took over the role as Head of Investor Relations and Communications at the end of twenty twenty five. I look forward to staying in close contact with you going forward. You will find my contact contact details on the last slide of this presentation. And with that, I'll hand it over to Karl. Good morning, everyone, and thank you, Sven. Before we start with the Q4 numbers, let me give you an overview of our recent asset disposals on page four. As communicated in our press release from February 9, we continue to make good progress on the disposals of our development projects, and Q4 was a particularly eventful quarter. In December 'twenty five, we closed Aparnaud Tower, which had been signed in April. Furthermore, we closed Quatir Kaisalei in January 'twenty six and Benratagarten in March 'twenty six, following their signing in Q4 'twenty five. The proceeds from these three transactions were used to further reduce the first lien new money facility in the first quarter of 'twenty six. In addition, we signed Holzdenkratir in Hamburg during October 25. The first closing of this transaction happened yesterday. We have received more than 80% of the purchase price. The remaining proceeds for a smaller part of the plot will be received with a second closing in the coming months. Sales efforts for the remaining projec...