Endesa Sa Madrid (ELEZF) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:02.514 Good morning to all the people connected today. 00:00:02.514 -- 00:00:07.561 Welcome to the first quarter 2025 results presentation, which will be hosted 00:00:07.561 -- 00:00:12.648 by Endesa's CEO, Jose Bogas, and the CFO, Marco Palermo. 00:00:12.648 -- 00:00:16.754 Following the presentation, we will have the usual Q&A session open to those connected 00:00:16.754 -- 00:00:22.679 on the call and on the web. Thank you, and now let me hand over to Jose Bogas. 00:00:23.082 -- 00:00:25.728 Thank you, Mark, and good morning, everybody. 00:00:25.728 -- 00:00:30.900 First of all, in relation to the events of last week, allow me 00:00:30.900 -- 00:00:36.131 to thank all the Endesa workforce who, from their different positions, 00:00:36.131 -- 00:00:40.902 worked tirelessly to recover the electricity supply in record time. 00:00:40.902 -- 00:00:46.049 The blackout is still under investigation by the Spanish government, 00:00:46.049 -- 00:00:51.576 and it is the system operator who is responsible for guaranteeing the continuity 00:00:51.576 -- 00:00:54.760 and security of the electricity supply. 00:00:54.760 -- 00:00:59.887 From the very beginning, we have been working closely with the TSO 00:00:59.887 -- 00:01:05.174 to identify the causes of the power outage and to implement 00:01:05.174 -- 00:01:11.075 the appropriate measures. Now let's continue with the highlights of the period. 00:01:11.075 -- 00:01:17.386 In this first quarter, we recorded a solid financial performance across all businesses, 00:01:17.386 -- 00:01:22.615 as we will further comment on. This is in a market context 00:01:22.615 -- 00:01:26.481 saved by growing geopolitical instability, 00:01:26.481 -- 00:01:31.610 which contributed to further intensifying volatility acr...