Readcrest Capital AG (EXJ0) Earnings Call Transcripts

Readcrest Capital AG's Latest Earnings Call - June 8, 2026

In the Full Year 2025 earnings call for Readcrest Capital AG, the company reported an adjusted EBITDA of EUR 10.1 million, with a cash position of EUR 10.2 million. For fiscal year 2026, management provided guidance for adjusted EBITDA in the range of EUR 8 million to EUR 9 million, citing operational costs for the German development business. Notably, the company anticipates a run rate EBITDA of EUR 11 million to EUR 12 million by year-end, indicating a positive outlook despite a slight reduction in full-year EBITDA expectations.

Reported metrics

Guidance from management

Management expects adjusted EBITDA for 2026 to be between EUR 8 million and EUR 9 million, with a run rate EBITDA projected at EUR 11 million to EUR 12 million by year-end. This represents a cautious outlook amid operational cost increases.

What management said

That's cool. Obviously, the story is so clear that there's no questions, which I fully appreciate. So then I thank everybody for their time and their interest. If there are any follow-up questions, we are, of course, around with the team to answer them.

It will be -- yes. No, it will be just after the construction. So the way this works is, obviously, we are working on financing for the construction. And of course, that will not be 100% of the construction cost. It will be slightly less. And then the way it works is we start building out of equity once we reach the level of the equity that our lender will want from us. Thereafter, the remaining sort of constructio...

What analysts pressed on

Analysts expressed concerns regarding the potential impact of rising construction costs on project profitability, particularly in Dresden. Questions were raised about the timing and certainty of the construction cost estimates provided by management.

Main topics on the call

• Adjusted EBITDA Guidance — Management guided for an adjusted EBITDA of EUR 8 million to EUR 9 million for 2026, down from the previous year's performance. CEO Rolf Elgeti stated, "We expect the run rate to be EUR 3 million higher than the full yea...
• U.K. Business Sale — The sale of the U.K. care-home business for EUR 44 million was a significant move, allowing for debt repayment and growth in the U.K. and German businesses. Elgeti noted, "We used this capital to repay debt and to allow ...
• Project Development Progress — Management highlighted progress in the Dresden project with a 50% pre-letting rate and plans for construction to start soon. Elgeti mentioned, "We hope to update you with this over the coming days or weeks and certainly ...
• Construction Cost Negotiations — The EUR 52 million construction cost for the Dresden project is currently under negotiation. Elgeti confirmed, "The EUR 52 million we mentioned here is a number that we are negotiating with one contractor at the moment."

Read the full Readcrest Capital AG transcript (June 8, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 1 Readcrest Capital AG earnings call transcript on record, spanning June 8, 2026 to June 8, 2026. The most recent call on file is dated June 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

EXJ0

Exchange

DB

Country

DE

Sector

Financials

Industry

Capital Markets

Calls on record

1

First call

June 8, 2026

Most recent

June 8, 2026