Iren SpA (MIL:IRE)

€ 2.094 0.002 (0.1%) Market Cap: 2.66 Bil Enterprise Value: 2.90 Bil PE Ratio: 10.11 PB Ratio: 0.92 GF Score: 78/100

Q2 2024 Iren SpA Earnings Call (English, Italian) Transcript
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Q2 2024 Iren SpA Earnings Call (English, Italian) Transcript

Jul 29, 2024 / 02:30PM GMT

Release Date Price: €1.91 (-0.93%)

Transcript

Operator

Good afternoon, and welcome to Iren H1 2024 results. My name is Zach. I will be your operator for today's event. (Operator Instructions)

I will now hand over to the Giulio Domma, Head of Investor Relations for starting today's call.

Giulio Domma

Iren SpA - Head of Investor Relations

Good afternoon, and thanks for joining the conference call to present Iren's Group H1 2024 results. And here with Luca Dal Fabbro, Executive Chairman; and Giovanni Gazza, CFO, who will present the data after which there will be the usual Q&A session.

Without any further ado, I hand over to Luca.

Luca Dal Fabbro

Iren SpA - Executive Chairperson

Good afternoon. The Board of Directors has just approved the results for H1 2024, which show an EBITDA growth by 5%, mainly due to the adjustment of regulatory parameters in the distribution network business and the full recovery of the value of customer portfolio. Thanks to the affected commercial strategy.

The net financial debt EUR4 billion a year ago was kept

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