Snam SpA (LTS:0NQP)

€ 4.215 -0.042 (-0.99%) Market Cap: 14.25 Bil Enterprise Value: 30.63 Bil PE Ratio: 13.67 PB Ratio: 1.58 GF Score: 69/100

Q3 2021 Snam SpA Earnings Call Transcript

Nov 04, 2021 / 02:30PM GMT

Release Date Price: €5.08 (+0.41%)

Transcript

Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Snam 9 Months 2021 Consolidated Results Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Ms. Alessandra Pasini, CFO of Snam. Please go ahead, madam.

Alessandra Pasini

Snam S.p.A. - CFO, Chief International & Business Development Officer

Thank you. Ladies and gentlemen, good afternoon, and welcome to Snam's 2021 9 months results presentation.

Looking at the first highlight. CapEx reached EUR 866 million, while our regulated investments are going as planned. As mentioned before, we are -- have experienced some delays in the deployment of investments in new businesses. For this reason, full year CapEx will be circa EUR 1.3 billion. Following the publication of the first consultation document on the WACC form in July, we sent our comments to ARERA by the deadline of the 12th of September, and we expect soon the second consultation document. We continue to see a recovery in gas demand, which

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