emeis Société anonyme (ORPEF) Q2 2025 Earnings Call Transcript

Operator

Ladies and gentlemen, welcome to the conference call by MA’s management team regarding its H1 2025 results. It will be structured in 2 parts. First, a presentation by emeis management team represented by Mr. Laurent Guillot, Group CEO; and Mr. Jean-Marc Boursier, Group CFO. [Operator Instructions]

I will now hand over to the management team. Gentlemen, please go ahead.

Laurent Guillot
CEO & Director

Laurent Guillot speaking. Good morning to all of you, and I’m with Jean-Marc Boursier, our CFO. Thank you for attending this conference related to the presentation of our H1 earnings figures at the end of June ’25. I hope it may sound clear to you along this presentation that we are particularly happy to deliver this set of figures, which provide not only the evidence of the turnaround underway in our operating performance. This is what we showed already at the end of July, but also mark a significant milestone since our disposal target have been once again largely exceeded.

All of this news brought confidence embedding our financial structure improvement for the coming quarters and allowing us to provide midterm outlook for the years ahead. A few months ago, you may remember why we were publishing our full year earnings figures, we told you that the resumption of our sales growth and the rise in occupancy rate seen started to support our operating margins recovery from the beginning of the second half ’24. We were particularly happy to show you the evidence that this operational recovery is well confirmed in the first half of ’25.

Occupancy rate have improved further everywhere and quite significantly, now