Neinor Homes Sa Ord (NNRHF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, good morning everyone. My name is Jose Cravo and I'm the Head of Investor Relations at Nainor Homes. Today we're going to go over results for the first semester of the year 2026 and as usual we are here with Jordi Argemí that is taking the role as the new CEO, Borja Garcia-Egotxeaga, our departing CEO, and Mario Lapiedra, our CIO. We'll start the presentation with the key highlights in Section 1, then on Section 2 we'll provide an update on the Spanish residential market, On Section 3 and 4, we will review operational and financial results. And on Section 5, we finish with the key takeaways. After the presentation, there will be a Q&A session to answer any questions you may have. Now I'll hand over the presentation to our CEO, Jordi Argemí. Thanks, José. Before I begin, I would like to thank the Board of Directors and the shareholders for my appointment as CEO and for the trust they have placed in me. In my view, after several years in which we have consolidated our position, As the undisputed leader of the Spanish residential market, this company has never been stronger. We have the full backing of our stakeholders, a track record that speaks for itself, and a democratic capacity to raise capital in both public and private markets. In my view, these strengths will be the key to lead the company into the next phase of growth. And I couldn't be prouder of what we have done in the last few years, and more ambitious about what comes next. With that said, let's start with the presentation, in slide number four. Starting with the context, the first half of this year has been tricky. We have integrated AEDAS against a backdrop of real geopolitical uncertainty, with a war in the Middle East and volatile energy prices. Through all of it, this company has done an exceptio...