Snam SpA (OTCPK:SNMRY)

$ 9.29 0.115 (1.25%) Market Cap: 15.58 Bil Enterprise Value: 32.76 Bil PE Ratio: 13.50 PB Ratio: 1.93 GF Score: 75/100

Q2 2022 Snam SpA Earnings Call Transcript

Jul 27, 2022 / 01:00PM GMT

Release Date Price: $9.95 (+3.54%)

Transcript

Operator

Good afternoon. This is the Chorus Call Conference operator. Welcome, and thank you for joining the Snam First Half 2022 Consolidated Results Conference Call. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Stefano Venier, CEO of Snam. Please go ahead, sir.

Stefano Venier

Snam S.p.A. - CEO & Director

Thank you. Ladies and gentlemen, good afternoon, and welcome to the Snam's first half results presentation. Let me apologize first for my voice, but I'm just back from the COVID, and therefore, my voice is pretty down in these days.

So let me turn on Page 1st. In the first half of the year, the energy landscape has been dominated by the conflict between Russia and Ukraine. This has reshaped the policy priorities with increased focus on supply, security and affordability. This new context implies a greater need for infrastructure and services, a strong focus on interconnecting energy markets and acceleration of energy transition ambitions. Snam we're then Europe's largest gas infrastructure operator and a leader on

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