Q2 2021 Snam SpA Earnings Call Transcript
Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Snam's First Half 2021 Financial Results Conference Call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Marco Alvera, CEO of Snam. Please go ahead, sir.
Thank you. Good afternoon, ladies and gentlemen, and welcome to Snam's first half results presentation.
We've seen a strong start to the year. CapEx has significantly grown, reflecting the ramp-up of our investment program as well as a dampened operational activity in the first half of last year.
One of the drivers of our investment plan is digitalization. Here, we have the objective of becoming the most technologically advanced gas TSO in the world. We reached an important milestone in our digital transformation program with the inauguration of the Bologna's TecHub in July. You'll find some detail on this in the backup slides.
We're also seeing a recovery in gas demand, which rose by 10%
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