Tag Immobilien Ag (TAGOF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the TAC Immobilien publication of Interim Statement Q3 2025 conference call. I am George, the course call operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and 0. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Mr. Martin Thiel, CFO. Please go ahead, sir. Yeah, many thanks and good morning, all, and very welcome back from our side. Many thanks for diving in for Q3 results. As always, let's start on page number three of the presentation that shows comprehensive overview about our results in the first nine months and also gives the first outlook on the guidance for 2026. Let's start with the operational development first in the first nine months of 2025. SFO1 in the first nine months of 2025 came in at roughly 136 million compared to the previous year, just a 4% increase. And that's important to point out that this increase was mainly driven by our EBITDA contribution from our rental business in Germany and in Poland, which increased by 6% year-on-year. Looking at the sales results in Poland, we had a result that was more or less on the previous year level, so a little bit reduced, 34 million was the sales result compared to 38 million in the previous year. But as already stated in the previous conference calls, we expect that in the fourth quarter of this year, we will have a large number of apartments handed over, and as you know, As the result is realized, when we hand over the apartments, we expect a quite strong increas...