Half Year 2022 Klepierre SA Earnings Call Transcript

Jul 27, 2022 / 07:00AM GMT
Operator

Hello, and welcome to Klepierre First Half 2022 Earnings Presentation. Please note this conference is being recorded. (Operator Instructions)

I will now hand you over to your host, Jean-March Jestin, Chairman of the Executive Board; and Stephane Tortajada, Chief Financial Officer, Member of the Executive Board, to begin today's conference. Thank you.

Stephane Tortajada - Klépierre-Member of the Executive Board

Thank you for joining us this morning. I'm pleased to present Klepierre half year 2022 earnings. We had a productive and successful semester. We recorded strong operational reserves and generated EUR 428 million of net current cash flow. This is EUR 1.32 per share, a 84% increase compared to 2021.

This half year has demonstrated the strength of our business model, based on strong cash flow generation, limited cost base and clear focus on high cash returns to our shareholders. Coming off 2 difficult years, marked with multiple stores closures and various trading restrictions for retailers, our results

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