Snam SpA (OTCPK:SNMRY)

$ 9.15 -0.06 (-0.65%) Market Cap: 15.44 Bil Enterprise Value: 32.77 Bil PE Ratio: 13.94 PB Ratio: 1.93 GF Score: 75/100

Q3 2020 Snam SpA Earnings Call Transcript

Nov 05, 2020 / 01:00PM GMT

Release Date Price: $10.52 (+4.78%)

Transcript

Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining this Snam 2020 9 months financial results conference call. (Operator Instructions)

At this time, I would like to turn the conference over to Ms. Alessandra Pasini, CFO of Snam. Please go ahead, madam.

Alessandra Pasini

Snam S.p.A. - CFO, Chief International & Business Development Officer

Thank you. Ladies and gentlemen, good afternoon, and welcome to Snam's 2020 9 months results presentation. In the first quarter of the year, we have continued to make good progress on our plan. Investments in our core business are above previous year level, and we are fully recovering the delays due to COVID. We confirm EUR 1.1 billion of CapEx on a full year basis, assuming no COVID-related stoppage of the operating activities. We continue to deliver on new regulated services to the Italian market, where we have earned EUR 15 million, EUR 1 million more than 2019, also considering the regulator is rising the bar with more challenging KPIs.

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