Deutsche Euroshop Ag Akt (DUSCF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the financial results full year 2025 conference call. I am Matilde De Corce. I would like to remind you that all participants will be in lesson only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Hans-Peter Kneipp. Please go ahead. Thank you, Mathilde. Good morning, ladies and gentlemen, and moin from Hamburg. This is Hans-Peter Kneipp speaking. I'm pleased to welcome you to today's conference call and to present our financial results for the fiscal year 2025, along with an update on the company's recent developments and achievements. Rest assured, there are no April Fool's jokes today. Instead, we have transparent and solid results. And as always, I will be happy to answer your questions following my brief presentation. On behalf of my entire team, thank you for taking the time and for your continued interest in Deutsche Euroshop. Let me start with an update on our business activities on slide two. Compared to 2024, we have seen a modest decrease in footfall of 0.4%, whereas our tenants achieved an increase of 2.2% in their sales. After a subdued first quarter, there has been since a positive trend in both visitor numbers and tenant sales. I will provide further details, including a breakdown by sector in a moment. Revenues came down slightly by 0.4% to 270.4 million euros. EBIT has decreased by 0.9% to 214.4 million euros, and FFO by 9.2% to 147.6 million euros. Despite higher contractual rents, rental incentives granted as well as lower...