Nine Months 2019 Rai Way SpA Earnings Call Transcript
Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Rai Way 9 Months 2019 Results Analyst Conference Call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Giancarlo Benucci, Head of Corporate Development and IR of Rai Way. Please go ahead, sir.
Thank you. Welcome to all of you, and thanks for joining our 9-month 2019 results call. As usual, I'm here with Aldo, CEO; and Adalberto, CFO of the company.
Let me remind you just before moving to our presentation that, as you already know, starting from this year, we are adopting the new IFRS 16 accounting standard, which impacts some of the KPI we usually share with you. Therefore, for purposes of comparison and in order to provide a better representation of the company's performance, we are presenting the 9-month 2018 economic figures also on a pro forma basis, meaning restated to simulate the impact of the above-mentioned accounting standard. Consequently, the year
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