Deutsche Euroshop Ag Akt (DUSCF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.740 -- 00:00:03.483 Good morning, ladies and gentlemen, and moin from Hamburg. 00:00:03.483 -- 00:00:06.367 This is Hans-Peter Kneipp speaking. 00:00:06.367 -- 00:00:10.592 I'm pleased to welcome you to today's conference call and to present our financial results 00:00:10.592 -- 00:00:14.436 for the first nine months of our fiscal year 2025, 00:00:14.436 -- 00:00:18.821 along with an update on the company's recent developments and achievements. 00:00:18.821 -- 00:00:23.945 As always, I will be happy to take your questions following my brief presentation. 00:00:23.948 -- 00:00:27.732 On behalf of my entire team, thank you for taking the time and for your continued interest 00:00:27.732 -- 00:00:30.133 in Deutsche Euroshop. 00:00:30.727 -- 00:00:35.695 Let me start with an update on our business activities on slide two. 00:00:35.695 -- 00:00:38.760 Compared to the first nine months of 2024, 00:00:38.760 -- 00:00:42.686 we have seen a modest decrease in footfall of 0.2%, 00:00:42.686 -- 00:00:47.654 whereas our tenants achieved an increase of 2.2% in their sales. 00:00:47.654 -- 00:00:52.041 After a subdued first quarter, there has been a positive trend in both visitor numbers 00:00:52.041 -- 00:00:56.908 and tenant sales. I will provide further details, including a breakdown by sector, in 00:00:56.908 -- 00:00:58.988 a moment. 00:00:59.684 -- 00:01:04.608 Despite increasing rents, our revenues came down by 1.3% to 197.4 00:01:05.431 -- 00:01:10.515 million euros, EBIT has decreased by 4.5% to 155.4 00:01:11.198 -- 00:01:15.781 million euros, and FFO by 12.8% to 108.8 00:01:16.164 -- 00:01:17.986 million euros. 00:01:17.986 -- 00:01:23.433 The lower results are attributable to higher deferrals, one-off allocation and cost effects, 00:01:23.433 -- 00:01:2...