Iren SpA (MIL:IRE)

€ 1.937 0.017 (0.89%) Market Cap: 2.49 Bil Enterprise Value: 2.69 Bil PE Ratio: 10.30 PB Ratio: 0.84 GF Score: 77/100

Nine Months 2019 Iren SpA Earnings Call Transcript

Nov 08, 2019 / 09:30AM GMT

Release Date Price: €2.74 (+0.37%)

Transcript

Operator

Good morning. This is the Chorus Call conference operator. Welcome, and thank you for joining the Iren Group 9 Months 2019 Results Conference Call. (Operator Instructions).

At this time, I would like to turn the conference over to Massimiliano Bianco, CEO of Iren. Please go ahead, sir.

Vito Massimiliano Bianco

Iren SpA - CEO, GM & Director

Thank you. Good morning, everybody, and thank you for attending Iren's conference call on 9 months '19 results, which reported a remarkable growth trend compared to 9 months '18 recurrent EBITDA.

Starting from Page 2, the bridge shows the positive contribution of each business unit to the growth. If we exclude the white certificates contribution of EUR 60 million reported in '18 and the expiry of green certificates for EUR 27 million, the EBITDA increased by EUR 56 million, equal to a significant plus 9%. The good performance has been achieved, thanks to the positive contribution of all the strategic pillars outlined in the last business plan.

More in detail, the organic goal is worth EUR 24

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