New Work SE (OTCPK:XINXF)

$ 60.04 -6.11 (-9.24%) Market Cap: 345.17 Mil Enterprise Value: 267.35 Mil PE Ratio: 24.63 PB Ratio: 2.47 GF Score: 74/100

Q2 2023 New Work SE Earnings Call Transcript

Aug 14, 2023 / 12:00PM GMT

Release Date Price: $132.6

Transcript

Operator

Welcome, and thank you for joining today's earnings call of New Work SE. Following the publication of the half-year headers of 2023.

The CEO, Petra Von Strombeck, CFO, Ingo Chu; and Patrick Moller from Investor Relations will give you a presentation on the results in a moment. And the floor will be open for all of the upcoming questions following the presentation.

With this, I hand over to Ms. Von Strombeck.

Petra Von Strombeck

New Work SE - Chairman of Executive Board & CEO

Hello, and welcome, everyone, to our Q2 update. Thank you for your interest and for joining us today.

As always, Ingo and Patrick are seated next to me, and they will guide you through the financials later.

Let's start. In the early part of the year, when relevant indices and indicators initially suggested an uninterrupted catch-up trend in the economy and job market given that the corona years were finally behind us, we had to acknowledge a rapid deterioration in the market. Companies showed increasing hesitation in adopting our HR solutions,

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