Q3 2024 Globe Trade Centre SA Earnings Call Transcript
I'm joined today by the Management Board being represented by Gyula Nagy, the CEO; Balazs Gosztonyi, the CFO; Gyorgy Stofa, the Chief Operating Officer; and Zsolt Farkas, the Chief Strategy Officer. We will hold a formal presentation, which will be followed by a Q&A session. Let me pass the floor over to Gyula Nagy.
Thank you very much, Malgosia. Good morning, everyone. Thank you for the opportunity to have this presentation about the Q3 financials of 2024 of GTC. GTC closed a very -- a pretty solid 9 months ending September 30, 2024. Revenues from rental activity and gross margin increased by 3% and 2%, respectively, to EUR139 million and EUR97 million, respectively, also due to -- mainly due to the completion of three assets recently, specifically the Belgrade asset called GTC X, an asset located in Budapest called Rose Hill Campus and Matrix C in Zagreb plus followed by indexation validated for
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