Aug 04, 2020 / 02:00PM GMT
Operator
Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Iren First Half 2020 Results Conference Call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Massimiliano Bianco, CEO of Iren. Please go ahead, sir.
Vito Massimiliano Bianco - Iren SpA - CEO, GM & Director
Thank you. Good afternoon, everybody. Thank you for attending the Iren's conference call on 2020 first half results. As usual, I start with a general overview of the company, and then I give you more details for each business unit. After the closing remarks, a Q&A session is scheduled to answer your questions.
Moving to the results of the period. The reduction in commodity prices and the lower power volumes sold led to a decrease in revenues equal to 18%, which is not reflected in the marginality. We reported an EBITDA of EUR 473 million, down by 1% compared to last year. This outcome achieved in an extraordinary scenario highlights the resilience of our business model and the value of strategic
Half Year 2020 Iren SpA Earnings Call Transcript
Aug 04, 2020
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