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

Q3 2023 Iren SpA Earnings Call Transcript

Nov 09, 2023 / 02:30PM GMT

Release Date Price: €1.9 (-1.09%)

Transcript

Operator

Good day, and welcome to today's Iren conference call. This meeting is being recorded. At this time, I would like to hand the call over to Giulio Domma, Head of Investor Relations. Please go ahead, sir.

Giulio Domma

Iren SpA - Head of IR

Good afternoon, everybody, and thanks for joining our conference call on 9 months results. I'm here with the CEO -- with the Chairman, Mr. Dal Fabbro; and the CFO, Ms. Anna Tanganelli. We will start with the presentation, then the Q&A section will follow.

Luca, go ahead, please.

Luca Dal Fabbro

Iren SpA - Chairman of Board

Thank you, Giulio, and good afternoon, everybody. Let me remark that our outstanding 9 months results are one-off step forward along our strategy path.

Indeed, on Page 2, let's go on Page 2, you can see the key highlights. First, the EBITDA was 13% up thanks to the full recovery of customers' portfolio, value and stronger hydro generation. In particular, very strong hydro generation.

Second, the positive performance is also

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