Cyrela Brazil Rlty S/Adr (CYRBY) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Cirela Brazil Realty's Essay's third quarter of 2024 earnings call. Today with us are Mr. Rafael Horn, CEO, and Mr. Miguel Mikkelberg, CFO and IRO. This call is being recorded and simultaneously translated. You can hear the translation by clicking the interpretation button. To those hearing the English translation, you can mute the original audio by clicking Mute Original Audio. Also, you can find the slide deck in English on the company's Investor Relations website at www.ri.terella.com.br. During the company's presentation, all participants will be on a listen-only mode. After the presentation, we will have a question and answer session. To ask a question, please click the Q&A button and enter your name and organization. When your name is called, a request will pop up on your screen to unmute your microphone before asking your question. We would like to inform you that any statements that may be made during the call related to Cirela's business perspectives, operating and financial targets, are projections made by the company's management that may or may not occur. Investors should understand that political, macroeconomic and other operating factors may affect the future of the company and lead to results that differ materially from those expressed in such forward-looking statements. To open Cirella's 3Q24 earnings call, I would like to turn it over to Mr. Rafael Horn, CEO. Mr. Horne, you may proceed. Good morning, everyone. In the third quarter, we continue to observe a dichotomy in the local scenario. On the one hand, activity continues to surprise us positively, which we can see from the frequent upward updates of GDP growth expectations. On the other hand, the Brazilian Central Bank started a new cycle of inter...