Icade Sa Ord (CDMGF) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.185 Now, hand over to Bruno to go through the financial results. 00:00:04.185 -- 00:00:09.226 Welcome to the ECOD 2026 Half-Year Results Presentation Conference Call. 00:00:09.226 -- 00:00:13.847 For the first part of the conference call, the participants will be in listen-only mode. 00:00:13.847 -- 00:00:18.968 During the questions and answers session, participants are able to ask questions by dialing 00:00:18.968 -- 00:00:23.849 pound key 5 on their telephone keypad. You can also submit a written question. 00:00:23.849 -- 00:00:29.370 Now I will hand the conference over to the speakers, Nicolas Joly, CEO, and Bruno Valentin, 00:00:29.370 -- 00:00:32.910 CFO. Please go ahead. 00:00:34.611 -- 00:00:38.254 Good morning everyone and thank you for joining us today. 00:00:38.254 -- 00:00:43.957 With Bruno Valentin, I'm pleased to present ECAD's 2026 half-year results. 00:00:43.957 -- 00:00:48.381 I will begin with the key highlights and strategic developments of the first half. 00:00:48.381 -- 00:00:52.283 Bruno will then take you through the financial results and the balance sheet in more 00:00:52.283 -- 00:00:53.804 detail. 00:00:53.804 -- 00:00:58.928 I will come back at the end with our outlook for 2026 before we open the floor for 00:00:58.928 -- 00:01:00.928 questions. 00:01:01.145 -- 00:01:06.547 So, let me start with the main takeaways from the first half of 2026. 00:01:06.728 -- 00:01:13.031 The first key message is the continued disciplined execution of our disposal plan. 00:01:13.031 -- 00:01:17.893 We completed the sale of the Marignon building on the Champs-Élysées for 402 million 00:01:17.893 -- 00:01:22.956 euros. In healthcare, an agreement has been signed relating to the 00:01:22.956 -- 00:01:28.018 disposal of the Portugu...