Vonovia Se Ord (VNNVF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Vonovia full year results 2024 analyst and investor conference call. I'm Moritz, the chorus call operator. I would like to remind you that all participants will be in the listen-only mode and the conference is being recorded. The presentation will be followed by a question and answer session. You can register for questions at any time by pressing star and one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to René. Please go ahead. Thank you, Moritz, and welcome everybody to our earnings call. The speakers today are once again CEO Rolf Buch and CFO Philipp Grosse. They will be happy to lead through today's presentation and then answer your questions. We have divided today's presentation in two sections plus the appendix. First, the big picture overview of our business and the general environment in which we operate. and second, the full year 2024 update. Rolf will be starting off with a preface to put the last two weeks into context and provide a framework for a view on the consequences for our sector. And with that, over to you, Rolf. Thank you, Philip, and good afternoon also from my side. Allow me to start today's presentation with the following preface. This is actually on page three. Our earning call today takes place in an environment and sentiment that is different than from two weeks ago. The situation is still very much in flow, and we believe there is limited visibility on the exact consequences, especially in the medium to longer term. But let me take back a step in describing what I think are the different phases in Vonovia's development. I think it is important to understand this evolut...