Deutsche Euroshop Ag Akt (DUSCF) Q3 2023 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.016 I'm Hans-Peter Kneipp, Executive Director at Deutsch Euroshop. 00:00:04.016 -- 00:00:09.043 I'm very much looking forward to this call after unfortunately not being able to 00:00:09.043 -- 00:00:12.067 make the last one in March due to illness. 00:00:12.067 -- 00:00:16.312 Thankfully, Patrick, who is with me today, took over this call in his usual experienced 00:00:16.312 -- 00:00:19.356 manner and guided you through our annual results for 2022. 00:00:19.356 -- 00:00:21.179 Now 00:00:21.179 -- 00:00:24.042 that we have gone through most of 2023, 00:00:24.042 -- 00:00:30.088 let's take a glance at the nine-month figures and the developments in the company together. 00:00:30.575 -- 00:00:35.440 Clearly, our team's constant hard work is reflected in our nine months 2023 financial 00:00:35.440 -- 00:00:41.406 results, and I'm happy to take you through them and address any questions you may have. 00:00:41.406 -- 00:00:44.349 Let's dive into our performance and future prospects. 00:00:44.349 -- 00:00:48.251 Thank you for your time, and let's get started. 00:00:49.234 -- 00:00:53.958 You can find an update on our business activities on slides two and three. 00:00:53.958 -- 00:00:59.564 Compared to the first nine months of 2022, we have seen an encouraging increase in footfall 00:00:59.564 -- 00:01:01.152 of 11%, 00:01:01.152 -- 00:01:02.814 and 7.4% 00:01:02.814 -- 00:01:05.976 in the retail sales of our tenants. 00:01:05.978 -- 00:01:12.624 As a result, our tenants are generating sales that are higher than in the pre-COVID period. 00:01:12.948 -- 00:01:17.614 It is probably the last time we compare with pre-COVID era, as that comparison seems 00:01:17.614 -- 00:01:19.536 less and less appropriate. 00:01:19.536 -- 00:01:23.882 Shopping an...