A2A Spa Ord (AEMMF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, ladies and gentlemen, and welcome to the A2A twenty twenty six Q1 Results Presentation Conference Call. My name is Zack and I will be your operator for today's event. Please note that this conference is being recorded. For the duration of the call, your lines will be on listen only mode. However, you will have the opportunity to ask questions at the end of the presentation. This can be done by pressing pound key five on your telephone keypad. I will now hand you over to your host, Marco Porro, Head of Investor Relations to begin the conference. Please go ahead. Good afternoon everyone and thank you for joining for the first quarter twenty twenty six results. Today, the results will be illustrated by our CEO, mister Renato Mazzoncini, and the CFO, Luca Moroni. I will immediately leave the floor to Renato. Okay. Thank you. Thank you, and good afternoon, everyone. Thank you for joining our call today. Let's start with the statement. Alfred North, we said, once said that the art of progress is to preserve order amid change and to preserve change amid order. And let's say, in the last three months, we have seen a lot of changing inside the energy landscape in Italy and in Europe. So let me start with a brief overview of the macro scenario and how we are responding to preserve both order and change in our mission to be ready to power. So in Q1, Q1 was marked by certainty and the sugar like volatility in the energy market, fueled principally by two external factors. The first is the proposed measures in Italy and in Europe to mitigate the impact of rising energy cost and industrial competitiveness. In Italy, it's also said the decree for the creditable net, the decree for the tariff. And after a couple of days, the geopolitical tension in The Middle East in in Iran. ...