Iren SpA (MIL:IRE)
€ 1.819 -0.01 (-0.55%) Market Cap: 2.33 Bil Enterprise Value: 2.54 Bil PE Ratio: 9.73 PB Ratio: 0.79 GF Score: 80/100

Q4 2021 Iren SpA Earnings Call Transcript

Mar 29, 2022 / 02:30PM GMT
Release Date Price: €2.38 (-1.73%)
Operator

Good day, and thank you for standing by. Welcome to the Full Year 2021 Results Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded. (Operator Instructions)

I would now like to hand the conference over to your speaker today, Mr. Armani, CEO of the group. Please go ahead.

Gianni Vittorio Armani
Iren SpA - CEO, GM & Director

Thank you very much, and good afternoon to everybody. Thank you for joining Iren's conference call on full year results 2021.

We start with the most important achievement in the year 2021, in Slide 2. We aggregated them in 4 categories: opening of new plants, acquisitions, tenders and financials. Regarding new facilities, in June ended the first development phase of the plastic treatment plant in San Giorgio di Nogaro, province of Udine, that went into operation with a capacity of 40 kilo ton per year. The second phase is expected this year to 70 kilo ton per year.

The plant treats plastics to produce blue air, a component used in steel mill to produce -- to

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