ERG SpA (FRA:ER9)
€ 19.68 -0.4 (-1.99%) Market Cap: 2.92 Bil Enterprise Value: 2.99 Bil PE Ratio: 12.98 PB Ratio: 1.42 GF Score: 71/100
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Q2 2024 ERG SpA Earnings Call Transcript

Aug 02, 2024 / 01:00PM GMT
Release Date Price: €24.34 (+1.42%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the ERG second-quarter 2024 results conference call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Paolo Merli, CEO of ERG. Please go ahead, sir.

Paolo Merli
ERG SpA - Chief Executive Officer, Executive Director

Good afternoon, everyone, and welcome to our second-quarter and first-half results presentation. Here with me, as usual, is our CFO, Michele Pedemonte, who will run you through our business performance over the period in, say, more detail later on.

So let's get started with the overview of results over the period. I'm on page number 4, and now I'll focus on first-half results. Then Michele will elaborate more on second-quarter figures.

EBITDA closed at EUR281 million, up 4% year on year, mainly driven by the larger installed capacity, which included the full consolidation of the US portfolio as of April 1. The higher production for about 0.7 gigawatt hour over the first six months of the

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