Icade (XPAR:ICAD)
€ 28.48 -0.96 (-3.26%) Market Cap: 2.16 Bil Enterprise Value: 5.41 Bil PE Ratio: 0 PB Ratio: 0.43 GF Score: 64/100

Q3 2023 Icade SA Earnings Call Transcript

Oct 23, 2023 / 08:00AM GMT
Release Date Price: €28.64 (-0.14%)
Operator

Hello, and welcome to Icade results as of September 30, 2023. My name is Alicia, and I will be your coordinator for today's event. Please note this call is being recorded. (Operator Instructions)

I will now hand you over to Nicolas Joly, CEO; and Victoire Aubry, CFO, to begin today's conference. Thank you.

Nicolas Joly
Icade - CEO

Good morning, everyone. Nicolas Joly speaking. Thanks a lot for joining this call today. I'm with Victoire Aubry, our CFO. And I'm going to present the main figures and key facts of the third quarter 2023 for Icade. And as mentioned, this presentation will be followed by a Q&A session. To sum up on Slide 5, in a market environment that remains complex, Icade posted solid operating performances in Q3 in its 2 businesses, which are Commercial Investment and Property Development, testifying to the group resilience.

I would also like to remind you that we have a very solid balance sheet among the least leverage in the market, following the completion of the first stage of the sale of Icade Sante, which brought in

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