Marco Porro
Head of Investor Relations
Replay available
A2A Spa Ord (OTC: AEMMF) Q2 2025 earnings conference call, held 2025-07-31. Replay captured from the company's public earnings webcast.

Head of Investor Relations
Chief Executive Officer
Chief Financial Officer
Analyst, Morgan Stanley
Analyst, Banca Akros
Analyst, Mediabunker
Analyst, ICRITA
Analyst, Intesa Sanpaolo
Hello and welcome to A2A H1 2025 results call. My name is Laura and I will be your coordinator for today's event. Please note this call is being recorded and by the duration of the call the lines will be on listen only mode. However, you will have the opportunity to ask questions at the end of the call. This can be done by pressing star 1 on your telephone keypad to register your questions. If you require assistance at any point, please press star zero and you will be connected to an operator. I will now hand over to your host, Marco Porro, Head of Investor Relations, to begin today's conference. Thank you. Good afternoon, everyone. Thank you for taking the time to participate to our first half presentation. The conference will be led by our CEO, Renato Mazzoncini, and the CFO, Luca Moroni. I leave immediately the floor to Renato for the first part of the presentation, and then Luca will jump in. Okay. Thank you. Thank you, guys. Thank you to be with us. So, starting from slide number two, H1 results demonstrate the execution of our strategic plan. You remember we presented it in November, laying a strong foundation for the continuous growth of our company. And looking at the main achievements, we can start from some industrial projects. passion in electricity. You know, our strategy in energy transition is very clear. And some achievements for this semester are the fact that we completed the asset rotation towards electricity grids. As you know, since January is The assets we acquired from Enel, in particular in the province of Milan and the part in the province of Brescia, have been successfully integrated into our asset portfolio. And at the end of this semester, with, let's say, a very clear punctuality, we finalized the sale of a part of our gas network to the c...