Italgas SpA (LTS:0RK1)
€ 5.4675 -0.105 (-1.88%) Market Cap: 4.43 Bil Enterprise Value: 11.33 Bil PE Ratio: 9.92 PB Ratio: 2.05 GF Score: 68/100
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Half Year 2019 Italgas SpA Earnings Call Transcript

Jul 30, 2019 / 12:00PM GMT
Release Date Price: €5.88 (+0.17%)
Paolo Gallo
Italgas S.p.A. - CEO, GM & Director

Good afternoon, ladies and gentlemen. Thank you for being with us today. We will go through the presentation, myself and Antonio, and then, as usual, at the end of the presentation, we will be available to respond to any questions you may have.

So let's go to Page #2, we start from the structure, reason being is that every quarter, you see a different structure represented. And the reason is because we are going through acquisition, and then once that we have completed the acquisition, we try to simplify the structure. In fact, if you make the comparison with the previous corporate structure at the end of March, first, all our special purpose vehicles in Fontenergia and Sardinia were merged into Medea. That consolidate is natural road to manage all Sardinian operation in the distribution. While you can see that we have established a NewCo, what is called Medea NewCo, that will manage the natural gas sales and the LPG sales in Sardinia according to the unbundling regulation. That company is still not active yet. It will be active in -- during

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