Deutsche Wohnen Ag Ord (DWHHF) Q1 2021 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the earnings call of Deutsche Warnung SE regarding the Q1 results of 2021, hosted by Mr. Michael Zahn, CEO, and Mr. Philipp Grosser, CFO. The presentation of the call is available on Deutsche Warnung's website in the investor relations section. For the duration of the call, you will be on listen only. However, at the end of the call, you will have the opportunity to ask questions. If at any time you need assistance, please press star zero on your telephone keypad and you'll be connected to an operator. I'm now handing you over to Mr. Michael Tsang, CEO, to begin today's conference. Please go ahead. Thank you. Good morning, ladies and gentlemen, and welcome to our Q1 earnings call. Thank you very much for dialing in. In a moment, Philip will take you in detail through the financials. Before that, I would like to give you a brief overview of the current overall situation and key developments as mentioned on page four of the presentation. Fortunately, we are currently seeing declining incidents, cases, and the pace of vaccination is picking up. We at Deutsche Wohn are also currently looking into setting up our own vaccination center at the company. In the meantime, We have made it possible that all employees can take a rapid test if necessary. We succeed in further mitigating the impact of the Corona crisis. We look with confidence at the year 2021. In line with our expectations, the first quarter was positive. All key performance indicators show solid developments. Turning to page 5 of the presentation, I am pleased to report that there is finally clarity with regard to the so-called Berlin rent cap since mid-April. As you know, the Federal Constitutional Court has declared the rent cap unconstitutional and void. Though Chevron welcomes the ...