Q3 2022 Endesa SA Earnings Call Transcript
Good morning, ladies and gentlemen, and welcome to the 9-month 2022 Results Presentation, which will be hosted by our CEO, Jose Bogas; and the CFO, Luca Passa. (Operator Instructions)
Thank you, and now let me hand over to Jose Bogas.
Okay. Thank you, Mar, and good morning, everybody. Let's start with some key consideration for the period. First, persistent volatility in the gas market and high electricity prices led both the European Union and the Spanish government to unveil new set of emergency measures, in order to mitigate the consequences of the energy crisis, while discussing bolder proposal for the medium term.
The deterioration of the macro context has shown no sign of recovery during the last quarter. The growing concerns on the main economy's performance and inflation exceeding all records in the Eurozone, trigger a new round of corrective measures from central banks, including significant interest rate hikes.
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