Kojamo Plc (KOJAF) Q1 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Lumo Homes Plc.

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.595 This is Koyamo and this is our Q1 result webcast. 00:00:04.595 -- 00:00:07.877 I am Niina Saito from Investor Relations. 00:00:07.877 -- 00:00:12.781 I have with me here today Erik Hjelt, our interim CEO. 00:00:12.781 -- 00:00:17.906 He will give us a presentation covering the Q1 result and also an update on the 00:00:17.906 -- 00:00:20.047 operating environment. 00:00:20.047 -- 00:00:23.670 Please be active. You can send questions via chat. 00:00:23.670 -- 00:00:28.734 And those joining over the phone lines can also ask live questions when we have the 00:00:28.734 -- 00:00:32.375 Q&A. after the presentation. 00:00:32.576 -- 00:00:35.318 Now I think we can give the floor to Erik. 00:00:35.318 -- 00:00:37.318 Welcome. 00:00:44.242 -- 00:00:46.043 Thank you Nina and good morning everybody. 00:00:46.043 -- 00:00:51.346 So I'm really excited to discuss our latest result 00:00:51.346 -- 00:00:54.671 and operationally we had a very strong quarter. 00:00:54.671 -- 00:00:59.776 the improvement of our occupancy rate accelerated in the first quarter of this 00:00:59.776 -- 00:01:04.982 year. So total revenue and net rental income grew in the first quarter of this 00:01:04.982 -- 00:01:10.127 year. So total revenue growth was 0.9% and the net rental income 00:01:10.127 -- 00:01:12.458 growth was 3.7%. 00:01:13.172 -- 00:01:18.498 Our FFO decreased because of the effect of increased 00:01:18.498 -- 00:01:23.664 financial expenses, so net rental income grew 2.2 million euros, but on the 00:01:23.664 -- 00:01:29.308 FFO side, financial expenses grew 3.6 million euros. 00:01:30.740 -- 00:01:36.143 So, our occupancy rate has improved since last autumn, and the increase 00:01:36.143 -- 00:01:41.706 accelerated during the first quarter. And at the e...