Q4 2018 Snam SpA Earnings Call Transcript
Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to today's Snam Full Year Results 2018 Conference Call. (Operator Instructions) I must advise you the conference today is being recorded on Tuesday, the 19th of February 2019. Without any further delay, I would like to hand the conference over to your speaker today, Mr. Marco Alverà , CEO of Snam. Please go ahead, sir.
Thank you. Ladies and gentlemen, good afternoon, and welcome to Snam's full year 2018 results. 2018 was a very good year for Snam. We performed above our targets across the business. Our CapEx plan is on track with EUR 0.9 billion invested in the year. Notwithstanding tightening incentives, we've managed to almost double our non-RAB regulated revenues to EUR 15 million.
Our efficiency program has to date delivered EUR 36 million of savings on operating costs, on track to meet our updated target of EUR 60 million by 2022. Cost of debt declined to 1.5% or a EUR 32 million saving on interest charges, thanks to the
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
