By admin 
LEG Immobilien SE (OTCPK:LEGIF) Q1 2025 Earnings Convention Name Could 13, 2025 4:00 AM ET
Firm Members
Frank Kopfinger – Head, IR
Lars von Lackum – CEO
Volker Wiegel – COO
Kathrin Kohling – CFO
Convention Name Members
Marios Pastou – Bernstein
Thomas Neuhold – Kepler Cheuvreux
Jonathan Kownator – Goldman Sachs
Manuel Martin – Oddo BHF
Paul Could – Barclays
Marc Mozzi – Financial institution of America
Frank Kopfinger
Hello, good morning everybody from Düsseldorf. Welcome to our name for our Q1 2025 Outcomes and thanks to your participation. We’ve within the name as all the time our whole administration staff with our CEO Lars von Lackum; our CFO Kathrin Kohling; in addition to our COO Volker Wiegel.
You will see that the presentation doc in addition to the quarterly report and paperwork throughout the IR part of our homepage. Please be aware that there’s additionally a disclaimer which you discover on web page 3 of our presentation. And with out additional ado I hand it over to you Lars.
Lars von Lackum
Thanks Frank. An excellent morning to all of you. We’re effectively on monitor for our steering which gives a 7% backside line development. Money technology from our core enterprise continues to rise. We develop in our core product. The mixing of BCP is effectively on monitor.
This portfolio and the natural development supported our robust internet chilly hire improve of greater than 7% enabled us to additional enhance margins and boosted AFFO by 28%. The robust AFFO stage is partly affected by a sluggish funding stage in comparison with Q1 2024. Subsequently after the mixing of BCP we’ll improve investments for this portfolio within the yr.
We reiterate our funding steering for the complete yr of not less than EUR 35 per sq. meter. We reaffirm our steering of