Italgas SpA (OTCPK:ITGGF)

$ 5.735 -0.1975 (-3.33%) Market Cap: 4.69 Bil Enterprise Value: 11.97 Bil PE Ratio: 9.31 PB Ratio: 1.95 GF Score: 64/100

Q1 2019 Italgas SpA Earnings Call Transcript

May 14, 2019 / 02:00PM GMT

Transcript

Operator

Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to today Italgas 2019 First Quarter Results Conference Call. I must advise you that this conference is being recorded today, Tuesday, 14th of May 2019. I would like to hand the conference over to your speaker today Mr. Paolo Gallo, the CEO. Please go ahead, sir.

Paolo Gallo

Italgas S.p.A. - CEO, GM & Director

Good afternoon, good afternoon to everybody. Thank you to be with us. We are going to walk through the first quarter results, and as usual, after the presentation, we will answer to your questions.

So let me start from Page 2 of the presentation. The first quarter shows a continuous improvement in result. It's a process that started more than 2 years ago now on November 7, 2016 when we did the merger from Snam. This is the 9th consecutive quarter starting from the first quarter in '17 of growth. Double-digit increase at EBITDA, EBIT and net profit levels. During this quarter, we had some positive and negative extraordinary items that we will talk later. But for -- if

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