May 15, 2025 / 12:30PM GMT
Operator
Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the ERG first quarter 2025 results presentation. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Paulo Merley, Chief Executive Officer of ERG. Please go ahead, sir.
Paolo Merli - ERG SpA - Chief Executive Officer, Executive Director
Good afternoon, everyone and welcome to our first quarter results presentation. As usual, is our CFO Michele. So, let's get started with the usual overview of results over the period. I'm on page number 4.
As I mentioned during our web in March. The systeming wind drought impacted the business environment throughout the period. Penalizing our financial results. The first quarter was still characterized by extraordinarily weak wind conditions across the EU, well below the historical average and last year.
The BDA closed at EUR145 million down 12% year-on-year. Again, there were two major effects behind this performance. On one end, the much weaker production recorded during
Q1 2025 ERG SpA Earnings Call Transcript
May 15, 2025
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