Full Year 2020 ERG SpA Earnings Call Transcript
Good morning. This is the Chorus Call conference operator. Welcome, and thank you for joining the ERG 2020 Annual 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.
Good morning, and thanks a bunch for coming to this conference call related to our 2020 annual result.
Here with me is the Corporate General Manager, Paolo Merli.
As usual, we start with the Chart #4. I'll give you a quick overview of the main figures of the year, while Paolo will take you through them in depth also for the fourth quarter.
2020 has been so far the year most affected by COVID-19, with a significant drop in the first half of all the key elements of the power industry across Europe, such as the power demand, power prices, natural gas prices and clean spark spread. Only from the third quarter, and mainly in the fourth quarter, we saw a rebound that seems to lead to a far better 2021.
Let me start by
| 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
