Jul 30, 2020 / 02:00PM GMT
Operator
Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Snam First Half 2020 Interim Results Conference Call. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Marco Alverà , CEO of Snam. Please go ahead, sir.
Marco Alvera - Snam S.p.A. - CEO & Director
Good afternoon, ladies and gentlemen. Welcome to Snam's 2020 interim results presentation.
In terms of gas demand, there are a number of trends at play. The COVID-19 impact on a weather-adjusted basis is around 6.5% in the first half. As restrictive measures have been listed, there are signs of recovery, in particular, in the industrial sector.
Turning to Snam's performance in the first half. After the closure of most of our work sites, our CapEx program has now ramped back up to pre-COVID levels. We have started the pipeline replacement between Rimini and Sansepolcro and the public permitting process via process on 4 large replacement projects, which are in the center of Italy and in Sicily, have also started.
Q2 2020 Snam SpA Earnings Call Transcript
Feb 15, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers