Half Year 2023 Hammerson PLC Earnings Call Transcript
Good morning, everyone, and thank you for dialing in. Welcome to Hammerson's 20'23 Half Year Results. I now hand over to the webcast to begin.
Good morning, everyone, and thank you for joining our â23 half year results presentation. What you see coming through in these results is the strength and attractiveness of the core portfolio. Adjusted earnings are up 15% year-on-year, driven by last year's positive operational momentum that has continued into the first half of â23. After 2 years of portfolio simplification, generating EUR 843 million in disposal proceeds, we have repositioned the business for growth. We now have a portfolio that is focused on our prime city center states in high-growth cities in Europe. Our estates are striving, attractive and they are in demand by occupiers and communities. Since full year â20, we have also undertaken a transformation of our operating model. In doing so, we are further reducing our cost base and are in line to deliver our full year â24 cost
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