Neinor Homes SA Corporate Call Transcript
Good day, and thank you for standing by. Welcome to the Neinor Homes Business Update Call and Webcast. (Operator Instructions) Please note that today's conference is being recorded.
I would now like to hand over the conference to your speaker today, Mr. Jose Cravo. Please go ahead, sir.
Hi, everyone. My name is Jose Cravo, and I'm the Head of Investor Relations at Neinor Homes. This morning, we have published a business update that we will review with Neinor's management team. We are here today with Borja Garcia-Egotxeaga Vergara, our CEO; Jordi ArgemÃ, our Deputy CEO and CFO; and Mario Lapiedra, our CIO. This presentation is divided in 5 sections.
First, we will review Neinor's performance over the last 5 years. Second, we will explain why today Spain is one of the safest residential markets worldwide. And then we'll see how despite execution and fundamentals, Spain's residential developers continue to trade with significant discounts. Then we will analyze how the company will optimize its
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