A2A Spa Ord (AEMMF) Q3 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for A2a S.p.a..

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.436 Good morning. Thank you, everyone, for attending our Capital Market Day. 00:00:05.436 -- 00:00:08.299 We have a couple of busy hours in front of us. 00:00:08.299 -- 00:00:13.243 First, our CFO, Luca Moroni, will comment on nine months' results. 00:00:13.243 -- 00:00:19.549 Then, our CEO, Renato Mazzoncini, will drive you through the update of our capital 00:00:19.549 -- 00:00:22.832 and the strategic plan at 2035. 00:00:22.832 -- 00:00:27.857 So, without spending any more time, we are ready to start, and I leave the floor to 00:00:27.857 -- 00:00:29.857 Luca. 00:00:35.333 -- 00:00:40.641 Thank you very much, Marco. I will go through the presentation of our nine-month 00:00:40.641 -- 00:00:42.163 results. 00:00:42.163 -- 00:00:47.207 Starting from the highlights, as usual. 00:00:51.357 -- 00:00:52.979 Perfect. 00:00:52.979 -- 00:00:58.066 We show a good resilience in economic and financial results despite 00:00:58.066 -- 00:01:02.772 the exceptional hydroelectric production of the previous year. 00:01:02.772 -- 00:01:07.998 The contribution of margin deriving from the growing performance of electricity 00:01:07.998 -- 00:01:09.500 network, 00:01:09.500 -- 00:01:15.047 the higher premium on the capacity market and the increase in the urban waste 00:01:15.047 -- 00:01:17.450 treatment prices absorbed 00:01:17.450 -- 00:01:22.716 the negative effect arising from lower hydroelectric production returning 00:01:22.716 -- 00:01:28.881 to historical average levels and the exit from safeguard market. 00:01:32.388 -- 00:01:36.993 Sound economic and financial performance confirmed. 00:01:36.993 -- 00:01:43.838 Reported EBITDA recorded a limited decrease, reaching 1,729 00:01:44.080 -- 00:01:46.461 million euro. 00:01:46.463 -- 00:01:52.069 Net...