Genova Property Group AB (publ) (GPG) Q1 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.105 We're starting the year in a good way. Our business is still stable and 00:00:05.105 -- 00:00:09.517 in good speed. We see that the transaction market is still strong, which is great. 00:00:09.517 -- 00:00:14.149 The administration is working hard. We're increasing our rental revenues and strengthening 00:00:14.149 -- 00:00:19.301 our net profit. We continue to work with financing costs and we note that 00:00:19.301 -- 00:00:22.906 we have lower financing costs today, despite a larger portfolio. 00:00:22.906 -- 00:00:27.333 We reduce the administrative cost per share, both as a result of lower value changes 00:00:27.333 -- 00:00:31.398 in interest companies, but we also continue to increase our substance value. 00:00:31.398 -- 00:00:36.022 So overall, a good start to the year. 00:00:46.471 -- 00:00:52.905 The administrative business in Genova is the core of our business and it 00:00:52.905 -- 00:00:57.997 continues to deliver. The plan and ambition for us is to increase 00:00:57.997 -- 00:01:00.863 it successively all the time and strengthen the cash flow. 00:01:00.863 -- 00:01:05.017 Today we have a good mix in strong regions. 00:01:05.017 -- 00:01:09.424 And what we see and are happy about is that we are now, during this quarter, increasing 00:01:09.424 -- 00:01:14.071 both rental revenues and net profit, and we have a degree of employment that is unchanged. 00:01:14.071 -- 00:01:18.838 In addition, it should be mentioned that we see an essentially much higher activity on 00:01:18.838 -- 00:01:23.445 the employment side, where we have several ongoing dialogues that we hope will materialize 00:01:23.445 -- 00:01:25.786 during the year. 00:01:27.072 -- 00:01:30.718 An important part of Genova's value creation relates to our develop...