Iren SpA (FRA:TZ8)
€ 1.85 0 (0%) Market Cap: 2.44 Bil Enterprise Value: 2.67 Bil PE Ratio: 8.86 PB Ratio: 0.85 GF Score: 77/100

Q2 2021 Iren SpA Earnings Call Transcript

Aug 03, 2021 / 02:00PM GMT
Release Date Price: €2.49 (-1.11%)
Operator

Good day, and thank you for standing by. Welcome to Iren's H1 2021 Results 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 host today, Mr. Gianni Vittorio Armani. Please go ahead, sir.

Gianni Vittorio Armani
Iren SpA - CEO & Director

Thank you, Nicole, for the introduction. Thank you all for attending the conference. We are presenting today a very positive result for first half 2021. We are reporting 9% growth on the EBITDA. That is mainly driven by several elements. First of all, the consolidation in the first half of I.Blu and Unieco results that were not considered in the first half of 2020.

Secondly, in the energy scenario reported very positive results in terms of PUN growth particularly on the hydro and WTE production. Even though the general increase in demand reported a lower value for energy markets compared to last year. And the reduction of distributed heating margin, even though growth in volume of heat sold

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