Q1 2025 Kojamo Oyj Earnings Call Transcript

May 8, 2025 / 07:00 AM GMT

Release Date Price: $12.3

Transcript

Key Points

Positve

Kojamo Oyj (FRA:V4OC) reported a strong operational quarter with an improvement in occupancy rates, reaching 93.5% by the end of March.
Total revenue and net rental income grew by 0.9% and 3.7% respectively, indicating a positive financial performance.
The company's balance sheet remains strong with a successful issuance of €500 million, covering material loans for 2026.
Kojamo Oyj (FRA:V4OC) has improved its customer satisfaction, achieving an all-time high net promoter score of 57.
The company has enhanced its online processes and established a sales support function, contributing to improved occupancy and customer service.

Negative

FFO decreased due to increased financial expenses, with finance expenses growing by €3.6 million.
The average rent per square meter decreased year over year, impacted by rent reductions and incentives offered to attract tenants.
Fair value of investment properties slightly declined by 0.5%, with limited market transactions affecting valuation parameters.
The company is not making any new investment decisions currently, with gross investments remaining low at €4 million for the quarter.
Moody's has maintained a negative outlook on Kojamo Oyj (FRA:V4OC), with concerns over the fixed charge coverage ratio potentially falling below 2.5 times.

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

KOJAMO.HE - Kojamo Oyj
Q1 2025 Kojamo Oyj Earnings Call
May 08, 2025 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning all and welcome. This is Cuyao and this is our Q1 result webcast. I am Nina Sarta from Investor Relations. I have with me here today Eric Yelt, our interim CEO. He will give us a presentation covering the Q1 result and also an update on the operating environment. Please be active. You can send questions via chat.

And those joining over the phone lens can also ask live questions when we have the Q&A after the presentation.

Now I think we can give the floor to Eric. Welcome.

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Unidentified_2 [2]
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Thank you, Nina, and good morning everybody

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