Swiss Prime Site AG (XSWX:SPSN)
CHF 85.55 -0.15 (-0.18%) Market Cap: 6.61 Bil Enterprise Value: 12.27 Bil PE Ratio: 29.40 PB Ratio: 1.00 GF Score: 74/100
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Full Year 2023 Swiss Prime Site AG Earnings Call Transcript

Feb 08, 2024 / 09:00AM GMT
Release Date Price: CHF86.55 (-0.46%)
Rene Zahnd
Swiss Prime Site AG - Independent Member of the Supervisory Board

Good morning, and a warm welcome at the balance sheet media conference of the Swiss Prime Site on our results 2023. A warm welcome here in the Prime Tower, and of course also a warm welcome to all of those who are joining us from elsewhere in Switzerland or/and Europe.

So let's start with our last year's objectives, but before I would like to just make one remark. We are a real estate company, but if I look at that as a real estate company, we've been very mobile. We have repositioned ourselves in strategic terms, I'm sure you all remember, starting with one year and two days ago, communicating the refurbishment and restructuring of the Jelmoli building and phasing out or terminating the operative business at the end of 2024. And then the sale of Wincasa for a very tidy profit. So that was our strategic realignment, and now we're the two pillars, direct real estate portfolio and asset management.

So we're going to hear a lot more about the targets in the course of the presentation, but let me just say that

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