One United Properties SA (BSE:ONE)

Q1 2026 One United Properties SA Earnings Call Transcript

May 18, 2026 / 08:00 AM GMT

Release Date Price: lei30 (+1.18%)

Transcript

Key Points

Positve

One United Properties SA (BSE:ONE) has completed over 2,800 units with a gross development value of EUR 774 million, generating a profit of around EUR 270 million.
The company has a strong pipeline with more than 10,000 units in the planning phase, valued at over EUR 2.3 billion.
Despite legislative changes impacting accounting, underlying sales activity remained robust, with a 34% year-on-year increase in sales value.
The commercial segment showed resilience, with rental income increasing by 5% and occupancy rates at 97%.
The company is expanding into new markets, including the US, with pilot developments planned in Nashville and Miami.

Negative

New legislation in Romania, the Nordisk Law, has caused significant delays in sales recognition and impacted cash flow.
The company's consolidated turnover decreased by 51% compared to the first quarter of the previous year due to the legislative changes.
Gross profit and net profit saw substantial decreases of 79% and 78%, respectively, due to the inability to recognize revenue from reservations.
General administrative expenses increased significantly, partly due to a new stock option plan, impacting the company's financials.
The cash position decreased by 40%, attributed to the final stages of development and the impact of the new law on cash inflows.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ROONE.BX - One United Properties SA
Q1 2026 One United Properties SA Earnings Call
May 18, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to One United Properties conference call for presenting the Q1 2026 results. My name is Susana Kurek and I'm Investor Relations Manager at One United Properties. I am joined in this call by Victor Capitano, Executive Board Member and Co-Founder of One United Properties and Cosmin Samoila, CFO at One United Properties. Before we begin, I would like to mention that this call is being recorded and that the recording will be uploaded on our website later today. Today. As stated in the call invite, by joining this video conference, you automatically and implicitly consented to being recorded. If you do not consent to being recorded, please leave the call.

In terms of organizational aspects, let me

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