ERG SpA (MIL:ERG)
€ 20.2 0.39 (1.97%) Market Cap: 2.96 Bil Enterprise Value: 5.09 Bil PE Ratio: 12.64 PB Ratio: 1.45 GF Score: 74/100

Q2 2023 ERG SpA Earnings Call Transcript

Jul 28, 2023 / 12:30PM GMT
Release Date Price: €25.66 (-6.55%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the ERG Second Quarter 2023 Results Conference Call. (Operator Instructions)

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

Paolo Luigi Merli
ERG S.p.A. - CEO & Director

Hi, everyone, and welcome to our second quarter and results presentation. Here with me as usual is our CFO, Mr. Michele Pedemonte who will run you through our business performance over the period in more detail.

So let's get started with the overview of results over the period. I'm on page number 4. Numbers here are based on continuing operations, excluding CCGT from the scope as you know, we reached an agreement for its disposal on June 29. For the sake of clarity, figures are also presented net of clawback measures and windfall taxes, despite the fact that those measures are extraordinary and temporary. Throughout the presentation, we will provide detailed disclosure of the effects of those measures. In a nutshell, I

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