Eurocommercial Pptys N V (ECMPF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody. My name is Luca Lucaroni, Investor Relations Director. I'm happy to be on this call with Evert-Jan Van Garderen, our CEO, and Roberto Fraticelli, our CFO, to present your commercial results for the year 2024. The agenda for this conference call is presented on this slide. Evert-Jan Van Garderen will talk about the operational results of the company, followed by Roberto Fraticelli, who will discuss in more detail the financial results. Eberkian will finish the presentation with some closing remarks. We will then open the call for any questions and comments you may have. Thank you, Luca, for introducing us and presenting the agenda for today. Good morning, everyone, and thank you for joining us this morning. I will start with an overview of the operations of your commercial during the financial year 2024, and we'll finish this presentation with some remarks on the Share Buy Back program, the dividend proposal, and the guidance for 2025. 2024 was a year of internal growth, which we achieved through the re-merchandising of several of our shopping centres, including our flagships Volue Shopping in Belgium and Carosello in Italy. The current 3.9 billion retail property portfolio comprises 24 shopping centres and provides diversification in terms of geography, size and type. Our four countries, Italy, France, Sweden and Belgium, are shown here weighted by value. As a consequence of the external valuations at 31st December 2024, the portfolio spread changed slightly compared to December 23. Italy went up from 44% to 45%, Belgium and France remains the same at 14 and 21% respectively. Whereas Sweden reduced from 21 to 20%. In addition to providing a good country diversification, our shopping centers are well spread in those four countries and are all ...