Q1 2021 Snam SpA Earnings Call Transcript
This is the Chorus Call conference operator. Welcome, and thank you for joining the Snam 2021 First Quarter Results presentation. (Operator Instructions) At this time, I would like to turn the conference over to Ms. Alessandra Pasini of Snam. Please go ahead, madam.
Thank you. Good afternoon, ladies and gentlemen. First of all, let me apologize for this slight delay. We has some issues in uploading the presentation on the system. So good afternoon, and welcome to Snam Third Quarter 2021 results. During the first quarter of the year, that continues to make good progress in our core business. Investments are above 2020 level, and we are progressing towards our EUR 1.4 billion of full year guidance. Our efficiency plan achieved EUR 64 million of cost savings versus 2016 baseline new regulated services are in line with the good result of 2020.
A consultation document on the organization of the metering activity has been published. It introduced quality standard
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