Snam SpA (OTCPK:SNMRY)

$ 8.789 -0.031 (-0.35%) Market Cap: 14.74 Bil Enterprise Value: 32.36 Bil PE Ratio: 12.77 PB Ratio: 1.78 GF Score: 75/100

Q1 2023 Snam SpA Earnings Call Transcript

May 11, 2023 / 08:00AM GMT

Release Date Price: $11.04 (-0.81%)

Transcript

Operator

Good morning. This is the Chorus Call conference operator. Welcome and thank you for joining the Snam First Quarter 2023 Consolidated Results Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Ms. Francesca Pezzoli, Head of Investor Relations. Please go ahead, madam.

Francesca Pezzoli

Good morning, ladies and gentlemen. Welcome to Snam Q1 2023 consolidated results. Today's presentation will be hosted by Snam's CEO, Stefano Venier, and by our CFO, Luca Passa. During the presentation, Stefano will provide you an overview of the results and the key highlights of the period. Luca will walk you through the financial performance. Then back to Stefano for closing remarks and finally the Q&A session.

And now let me hand over to Stefano.

Stefano Venier

Snam S.p.A. - CEO & Director

Good morning, ladies and gentlemen, also on my side. I'm on Slide 2 to start the presentation. Volatility continued in Q1. Gas demand declined by nearly 20% while gas prices

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