Branicks Group AG (DDCCF) Q4 2024 Earnings Call Transcript

2025-03-13 03:22:53 ET

Branicks Group AG (DDCCF)

Q4 2024 Earnings Conference Call

March 12, 2025 05:00 AM ET

Company Participants

Jasmin Dentz - Investor Relations

Sonja Wärntges - Chief Executive Officer

Dirk Oehme - Managing Director

Conference Call Participants

Stefan Scharff - SRC Research

Andre Remke - Baader Bank AG

Manuel Martin - ODDO BHF

Markus Schmitt - ODDO BHF

Ulrich Ebensperger - ENSAS Consulting

Ingo Heldt - MMI

Philipp Kaiser - Warburg Research

Antonio Casari - Northlight Investment Services

Clark McPherson - Clearance Capital

Presentation

Operator

Good morning, ladies and gentlemen, and welcome to the Branicks Group AG Full Year Results Call 2024. [Operator Instructions] Let me now turn the floor over to your host, Jasmin Dentz. Please go ahead.

Jasmin Dentz

Thank you, operator. I welcome everybody to our full year results presentation for 2024. This call will also be webcast live on branicksgroup.com and a replay of the call will be available on our website shortly after the end of the call. Our CEO and CFO, Sonja Wärntges, will now give you an overview of our financials and our guidance. After the presentation, we will be happy to take your questions.

Please note that management comments during this call will include forward-looking statements which involve risks and uncertainty. For discussion of risk factors, I encourage you to review the Safe Harbor statement contained in today's presentation. As always, all documents relating our full year reporting have been made available on our website.

I now turn the call over to Sonja Wärntges for her remarks. Sonja, please. The floor is yours.

Sonja Wärntges

Thank you, Jasmin. Good morning, ladies and gentlemen, and also a warm welcome from my side to Branicks' Q4 and full year 2024 results conference call. Today as usual I'm joined by my colleagues from accounting and investor relations. I will give you an overview on what has been achieved in the last year and I will present you our key numbers as well as an outlook for 2025. At the end, we are open for the normal Q&A session.

Dear all, in terms of a rough overview about what we have delivered so far, I would like to highlight the topics mentioned on Slide #2. First of all, we achieved major milestones in terms of our financial consolidation and the reduction of our liabilities. Also, the last €40 million tranche was only due end of December. We already fully paid back our bridge financing for the acquisition of VIB in October. This financial instrument initially amounted to €500 million and we have growth having achieved a complete payback as an important milestone in our financial consolidation.

Our focus remains on further reducing our liabilities with a continuous focus on our covenant as well as on our liquidity. Looking ahead of us, the cornerstones of our future are defined and approved in a solid plan laying the foundation for shaping the company in the future. With regards to our disposals, Branicks was a very active participant in a challenging transaction market in 2024, selling 57 properties for a combined €702 million....

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