Iren SpA (MIL:IRE)

€ 1.819 -0.01 (-0.55%) Market Cap: 2.33 Bil Enterprise Value: 2.55 Bil PE Ratio: 9.73 PB Ratio: 0.79 GF Score: 80/100

Q4 2023 Iren SpA Earnings Call Transcript

Mar 28, 2024 / 02:30PM GMT

Release Date Price: €1.89 (-0.05%)

Transcript

Operator

Good afternoon, and welcome to FY 2023 conference. (Operator Instructions)

I will now pass on the floor to your host, Giulio Domma, Head of Investor Relations, to begin today's conference. Thank you very much and have a good listen.

Giulio Domma

Iren SpA - Head of IR

Good afternoon. Thanks for connecting to the call to present the full year 2023 Iren results. The results will be presented by Executive Chairman, Luca Dal Fabbro and CFO, Giovanni Gazza. At the end of the presentation, there will be the usual Q&A session. I will now leave it to Luca to present the results.

Luca Dal Fabbro

Iren SpA - Chairman of Board

(Interpreted) Good afternoon, the Board of Directors has approved today 2023 results, which show an EBITDA that is growing significantly exceeding expectations and guidance that given in November 2023. Importantly, EBITDA grew by 14% to about EUR1.2 billion was supported by the recovery and increase the profitability of the market business unit. Thanks to the effective commercial strategy as

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