Central Petroleum Limited (CTP) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

So good morning everyone from Prague. It's me here with the Q1 results for 26, which is good because we have seen a all-time record high leasing take up of more than 762,000 square meter of new deals. Around 445,000 square meter of that is new build, new deals, and the rest is some renewals. throughout the region, mostly for existing clients, long-term tenants as historically around two thirds of all of what we lease, we lease to our existing clients. So those are logistics service providers, DSV, Raben, and many others, but also we have been able to close in Q1 a number of deals in Germany, in Krefeld, which is one of our new projects in Germany, but also Some renewals in Romania, for example, Vallejo and Timisoara. We have done a deal with La Merlin in Bucharest. So all kind of different industries. But yeah, very good. So a record high. We've never seen so much leasing as we have seen in Q1. And I think Q2 is going to be a record again in terms of take-up. But let's see. how far we get. This confirms strong client base and confirms a right region. I think also confirms that with all of these events happening over the past weeks, months, decade, maybe. We've seen COVID, we've seen tariffs, we've seen wars. Often our clients adjust their supply chain from, you know, just in time it becomes just in case they want to build inventory. They cannot rely on the Suez Canal being open all the time. So rather have a bit of extra goods on stock. More in Europe for Europe is what we see mostly Central Europe because labor costs, productivity is different here than in some of the Western European countries. And often means that our clients are growing their business and building inventory just to make sure that they can deliver if they need to, to make sure that they can sell a...