Iren SpA (MIL:IRE)

€ 1.848 -0.025 (-1.33%) Market Cap: 2.37 Bil Enterprise Value: 2.57 Bil PE Ratio: 9.83 PB Ratio: 0.80 GF Score: 77/100

Q1 2021 Iren SpA Earnings Call Transcript

May 13, 2021 / 02:30PM GMT

Release Date Price: €2.5 (-0.24%)

Transcript

Operator

Ladies and gentlemen, thank you for standing by, and welcome to Iren's First Quarter Results. (Operator Instructions) I would now like to hand the conference over to CEO, Massimiliano Bianco. Please go ahead, sir.

Vito Massimiliano Bianco

Iren SpA - CEO, GM & Director

Thank you. Good afternoon, everybody, and thank you for attending Iren's 2021 first quarter results that in a positive recovery scenario, it reported the highest outcome in absolute and relative terms ever achieved in a first quarter.

Starting from Page 2, the increase in commodity prices is sustained by the recovery in the economy. The contribution of consolidated companies acquired in last year, I.Blu and Unieco, led to about 6% increase in revenues despite the persistence of the COVID emergency that influenced the power and gas volumes sold.

The EBITDA increased of EUR 39 million, thanks mainly to the market business and the consolidation in Waste sector. To analyze these results, it is useful to point out the following factors. As far as the energy scenario is concerned

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