Endesa Sa Madrid (ELEZF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, good evening everyone. Today's first quarter 2026 results presentation will be led by our newly appointed CEO, Jan Armani, whom we warmly welcome today, together with the CFO, Marco Palermo. Before we start, let me remind you that after the presentation, we will have the usual keynote session. Thank you, and now let me hand over to Mr. Armani. Thank you very much, Mar, for your kind welcome. I've only recently taken up the role of CEO, and I would like to ask you the indulgence for a brief settling in period. For this reason, during the Q&A session, I will take slightly a secondary role, giving the floor to our CFO that will answer questions. to all your questions professionally. Thank you very much for the understanding. The quarter delivered solid financial results, with the BDA growing 14% and net income rising 24%. The performance was primarily driven by the distribution business, which continues to to demonstrate its strength supported by effective and disciplined management of our grid and in the environment of the new regulatory framework. Once again, the period highlights the resilience of Endesa liberalized business model. Despite the environment shaped by the geopolitical uncertainty, the ongoing volatility of the energy markets Our strategy has enabled us to deliver consistent and robust results. Finally, the portal highlights the strategic importance of a well-diversified energy mix where renewables and nuclear generation, along with demand electrification, remain a key to strengthening the energy independence and ensuring price stability. These pillars are essential not only for the energy transition but also for increasing the resilience and the reliability of the systems and would add to contribute to the growth of Spain as a country. The strong...