Citycon Oyj (COYJF) Q2 2025 Earnings Call

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WEBVTT 00:00:00.000 -- 00:00:05.240 Good morning everyone and welcome to Citycon's half yearly 2025 00:00:05.240 -- 00:00:10.520 results audio cast. My name is Anni Torcco and I work as the investor 00:00:10.520 -- 00:00:13.640 relations manager here at Citycon. 00:00:13.640 -- 00:00:19.100 Last night we published our half yearly report and in this audio cast our 00:00:19.100 -- 00:00:24.500 CEO Oleg Soslavski and CFO Eero Sihonen will present 00:00:24.500 -- 00:00:29.600 the results. We will start by Oleg going through our business and operational 00:00:29.600 -- 00:00:35.140 highlights. After that Eero will go through our financial result. 00:00:35.140 -- 00:00:40.920 After the presentations we will be opening the line for questions from the audience. 00:00:40.920 -- 00:00:42.500 Please Oleg. 00:00:42.500 -- 00:00:47.160 Thank you Anni. Good morning and thank you all for joining today's call. 00:00:47.160 -- 00:00:52.560 We just closed the first half of 2025 with solid momentum and continue to deliver stable 00:00:52.560 -- 00:00:54.720 operational results. 00:00:54.720 -- 00:00:58.260 In the period we achieved .2% 00:00:58.260 -- 00:01:00.900 of NRI growth, 00:01:00.900 -- 00:01:06.400 like for like NRI growth, while maintaining high retail occupancy at the level of 95%. 00:01:06.400 -- 00:01:11.760 We also saw modest improvement but stable improvement in like for like tenant sales and 00:01:11.760 -- 00:01:16.800 food flow, which underlines the continued resilience of our necessity-based retail 00:01:16.800 -- 00:01:18.720 centres. 00:01:18.720 -- 00:01:24.040 As you can see our NRI growth came from 00:01:24.040 -- 00:01:26.920 all our segments and 00:01:26.920 -- 00:01:30.040 markets with Finland 00:01:30.040 -- 00:01:34.940 and Estonia leading the way with an i...