Q2 2022 Endesa SA Earnings Call Transcript
Good evening, ladies and gentlemen, and welcome to the first half 2022 results presentation, which will be hosted, as always, by our CEO, Jose Bogas; and the CFO, Luca Passa. Following the presentation, we will have the usual Q&A session open to those connected on the call and on the web.
Thank you. And now, let me hand over to Jose Bogas.
Thank you, Mar, and good evening, everybody. Let's start with the highlights of the period. Today's result are steel marked by the persistent instability in the macro context and gas price volatility caused by geopolitical tensions worldwide. Additionally, inflation pressures have intensified, while the electricity prices are reaching new record highs in European Union countries and are expected to remain high in 2022. In this context, the European Union has elaborated a common framework with a series of acceptable intervention methods that member state can consider to curb energy costs and to mitigate the impact on most vulnerable customers.
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