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Q1 2022 Warehouses de Pauw NV Earnings Call Transcript
Good afternoon, everybody, on this fantastic Friday with the third anniversary day of Alexander, we welcome you at our Q1 presentation of the results. So good afternoon from Wolvertem. First of all, we will give you a short introduction on our Q1 figures, and then we will answer directly some specific questions that are, let's say, in the market today, like the place of Romania in our portfolio, the joint venture in Germany, inflation, rent increase and the evolution of the building costs. And after that, there is time for a lot of Q&A. And since we are, let's say, in a normal Team meeting, you can do that by raising your digital hands or just by putting your question in the chat, and then we will answer them one by one.
So -- but first of all, let's look to Q1. I think we can say it is a perfect start of '22. And indeed, it is also a solid foundation for our new growth plan '25. And this thanks to the operational excellence that you can see here on this slide with a full house, everybody paying the bill and still a very
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