Deutsche Wohnen SE (XTER:DWNI)

€ 18.54 0.22 (1.2%) Market Cap: 7.36 Bil Enterprise Value: 15.75 Bil PE Ratio: 0 PB Ratio: 0.54 GF Score: 66/100

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Q3 2021 Deutsche Wohnen SE Earnings Call Transcript

Nov 12, 2021 / 10:00AM GMT

Release Date Price: €45.09 (+1.21%)

Transcript

Operator

Good morning, and welcome to the earnings call of Deutsche Wohnen SE regarding the publication of the 9M Results 2021 hosted by Mr. Michael Zahn, CEO; and Mr. Philip Grosse. The presentation of the call is available on Deutsche Wohnen's website in the Investor Relations section. (Operator Instructions)

I am now handing you over to Mr. Michael Zahn, the CEO, to begin today's conference. Please go ahead.

Michael Zahn

Deutsche Wohnen SE - Chairman of Management Board & CEO

Thank you. Good morning, and thank you very much for dialing in. I would like to give you first an overview of what we have been eventful for us in the last few months. After that, Philip will take you through the financials.

Please, let's start with Page 7 of the presentation. Last week, our business combination with Vonovia (technical difficulty) takeover offer was accepted by an overwhelming majority. Vonovia now holds just under 88% of all Deutsche Wohnen shares. We believe this result validates our assessment that Vonovia's offer was very attractive to the (technical

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