Vonovia Se Ord (VNNVF) Q1 2026 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Vonovia Se.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.723 -- 00:00:03.807 Thank you, Moritz, and welcome everybody to our update call. 00:00:03.807 -- 00:00:09.334 The speakers today are Luka Mucic, our CEO, and Philipp Grosse, our CFO. 00:00:09.334 -- 00:00:13.760 They will briefly present the main messages for today before we open up for Q&A, where 00:00:13.760 -- 00:00:16.143 both will be very happy to take your questions. 00:00:16.143 -- 00:00:17.986 With that, over to you, Luka. 00:00:17.986 -- 00:00:22.592 Yeah, thank you very much, René, and hello and welcome everybody from my side. 00:00:22.592 -- 00:00:26.998 Let me start with a brief summary of the main takeaways from the first quarter. 00:00:26.998 -- 00:00:31.148 We have had a good start with a strong performance in our core operations. 00:00:31.148 -- 00:00:36.554 Just at EBITDA grew 6.3% in our rental segment to 630 00:00:36.554 -- 00:00:41.659 million euros, even though we had about 4,000 fewer units compared to the same time 00:00:41.659 -- 00:00:47.045 last year. This very positive development was underpinned by 4% organic 00:00:47.045 -- 00:00:52.411 rent growth, around 98% occupancy, and more than 99% rent 00:00:52.411 -- 00:00:57.937 collection. Unsurprisingly, our largest segment was once again extremely robust 00:00:57.937 -- 00:01:02.300 and remains on its predictable long-term growth trajectory. 00:01:02.300 -- 00:01:07.605 In our value-add segment, we also delivered compelling growth with 30% more than last 00:01:07.605 -- 00:01:12.770 year for an EBITDA of 50 million. This increase was mainly driven 00:01:12.770 -- 00:01:16.374 by a higher contribution from our craftsman organization, 00:01:16.374 -- 00:01:19.958 as well as the continued growth in the energy business. 00:01:19.958 -- 00:01:25.563 We view this segment as a key di...