ERG SpA (LTS:0MHC)
€ 20.16 -0.075 (-0.37%) Market Cap: 2.96 Bil Enterprise Value: 5.09 Bil PE Ratio: 12.24 PB Ratio: 1.40 GF Score: 73/100

Half Year 2020 ERG SpA Earnings Call Transcript

Jul 31, 2020 / 12:30PM GMT
Release Date Price: €20.22
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the ERG Second Quarter 2020 Results Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Luca Bettonte, CEO of ERG. Please go ahead, sir.

Luca Bettonte
ERG S.p.A. - Director

Good afternoon, everybody, and thanks for coming to this conference call on our second quarter results. As usual, here with me is Paolo Merli, Corporate General Manager and CFO. We start from the Chart #4, showing you the highlights for the quarter. I have to say that we posted good results despite of the seamless impact of COVID-19. In Q2, the overall scenario has been worsening. And I will not be surprised if this trend won't change in the following quarter. In my view, only from the fourth quarter, chance that this thing can get better, assuming anyhow no second significant wave of COVID-19. Let me then give you a general review about the main business drivers and trends in our industry in the second quarter. While Paolo will take you

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