Nelly Group AB (NELLY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to this presentation of Castellum's Q3 report. My name is Christoffer Strømbeck and I'm head of investor relations. There will be a Q&A session in the end of the webcast. And if you'd like to ask a question by phone, please dial pound key five on your telephone keypad and ask your question. Let's start. Please go ahead, Paul Alsén. Good morning. The mission from the owners and from the board to all at Castellum is crystal clear. Castellum needs to become more profitable. And I think that's an exciting and fun assignment, fun mission. But I don't think it will be a walk in the park. I think everyone knows that the heydays of real estate is over for this time. So now it's back to basics for Castellum in the day-to-day business. So instead of yield compression, it's leasing. Instead of interest rates, which were almost zero, It's turning over every stone to find ways to become more efficient and more cost efficient. But it's also in the day to day business, making sure that we are owning the right properties in the right locations and consequently seizing the opportunities we see in the transaction market. It means that we will become a more entrepreneurial company, I would say, and a less bureaucratic company. Although the net leasing in the third quarter, this quarter, was positive with 16 million crowns, we know that the net leasing for the previous quarters have been negative. In terms of vacancy rate, we know that our performance will become slightly worse going forward than it is right now due to this negative net leasing in previous quarters. So in the property management for us right now, it's mainly one focus and that's leasing, leasing and leasing. means that we have to become more flexible and faster in our leasing activiti...