Terna SpA (FRA:UEI)
€ 7.75 0.106 (1.39%) Market Cap: 15.53 Bil Enterprise Value: 24.69 Bil PE Ratio: 16.30 PB Ratio: 0.93 GF Score: 87/100

Q3 2020 Terna Rete Elettrica Nazionale SpA Earnings Call Transcript

Nov 11, 2020 / 03:00PM GMT
Release Date Price: €6.02 (-1.57%)
Operator

Ladies and gentlemen, thank you for standing by. Welcome to today's Terna's 9 Months 2020 Consolidated Results. (Operator Instructions) I must advise you that this conference is being recorded today, Wednesday, the 11th of November, 2020.

I would now like to hand the conference over to your speaker today, Agostino Scornajenchi, CFO. Please go ahead.

Agostino Scornajenchi
Terna - Rete Elettrica Nazionale Società per Azioni - Group CFO

Good afternoon, and welcome to Terna 9 Months 2020 Results Presentation. As you can appreciate from this chart, the first chart is Page 4 of the presentation that you should have.

In the first 9 months of the year, due to the COVID-19 health emergency, national demand was 225-terawatt hour, 6.9% lower versus the same period of 2019, where the national demand was about 242-terawatt hour. Despite this situation, let me highlight that starting from the month of July, we started to register a recover with a monthly flash demand in September compared to September 2019.

Let me also underline that in the

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