Full Year 2021 Endesa SA Earnings Call Transcript
Good evening, ladies and gentlemen. A warm welcome to the 2021 results presentation, which will be hosted by our CEO, Jose Bogas; and the CFO, Luca Passa. Following the presentation, we will have the usual Q&A session open to those connected on the call and on the web. Thank you. And now let me hand over to Jose Bogas.
Thank you, Mar, and many thanks for being able to join us today. Most instantly, the instability in the gas market worldwide and to a lesser extent, the rising CO2 permit costs have saved the challenging context in which we operated during 2021. Record high pool prices have been the norm across all European countries. In this context, thanks to the implementation of several managerial actions as well as positive nonrecurring items, we have managed to achieve an EBITDA of EUR 4.3 billion, 7% above the target and around 12% above the previous year. More than ever, we are convinced that a strong and determined commitment to decarbonize
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