Citycon Oyj (COYJF) Q1 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Citycon Oyj.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.877 and welcome to Citigon's first quarter 2025 results audiocast. 00:00:05.877 -- 00:00:11.803 My name is Anni Torkko and I work as the investor relations manager here at Citigon. 00:00:11.803 -- 00:00:17.930 Last night we published our first quarter 2025 interim report. 00:00:17.930 -- 00:00:23.493 And in this audiocast, our new CEO, Mr. Oleg Saslavski, 00:00:23.796 -- 00:00:28.921 and our CFO, Mr. Eero Sihvonen, will present the results. 00:00:28.921 -- 00:00:33.709 We will start by Oleg going through our business and operational highlights. 00:00:33.709 -- 00:00:38.136 After that, Eero will go through our financial results. 00:00:38.136 -- 00:00:43.204 After the presentations, we will be opening the line for questions from the audience. 00:00:43.204 -- 00:00:45.368 Please, Oleg, go ahead. 00:00:45.368 -- 00:00:47.071 Thank you. 00:00:47.071 -- 00:00:51.027 Good morning, everybody, and thank you for joining us today. 00:00:51.027 -- 00:00:56.512 This is my first quarterly call as the CEO of Citicon, and I look forward for a productive 00:00:56.512 -- 00:01:01.835 and transparent cooperation with this forum and all of Citicon stakeholders. 00:01:02.338 -- 00:01:07.641 Let me take you through key developments and results of the first quarter. 00:01:08.223 -- 00:01:12.187 Operation-wise, it was a solid quarter for Citicon. 00:01:12.187 -- 00:01:16.749 Our footfall, like-for-like footfall, increased by 2.4%, 00:01:17.292 -- 00:01:21.074 while tenant sales grew by 1.2%. 00:01:21.098 -- 00:01:24.621 Retail occupancy stood at 94.8%, 00:01:24.621 -- 00:01:28.465 which is slightly decreased from the year-end numbers. 00:01:28.465 -- 00:01:33.650 Our like-for-like net rental income on same comparable FX basis 00:01:33.650 -- 00:01:36.132 incr...