Esprinet S.p.A. (0NFS) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome everyone to the Esperet Group H1 2025 result presentation. Today's call is being recorded and the podcast will be posted on the Esperet website in the investor section together with the presentation. Your lines have been placed on mute, but after the speech, there will be a Q&A session. Please note again that this presentation contains forward-looking statements, so I would like to draw your attention to the regulation note on page 2 regarding the information contained within this document. I am Giulia Perfetti, Investor Relations and Sustainability Manager of Esperit. With me is Alessandro Cattani, CEO of the group. I will now pass the call over to Alessandro to present the H1 2025 results. Alessandro, up to you. Thank you, Giulia, and welcome everybody to our H1 2025 results presentation. It's a pleasure to be here. There are some calls in which numbers are okay, some where unfortunately numbers are subpar. And then you have courses like this one where we are proud to introduce to the financial community what we consider an excellent Q2 with very good forward-looking indications on Q3. so let's jump straight on on the highlights as you can see q2 continued with the strong revenue growth path that we recorded in q1 so roughly five percent year-on-year growth in q2 what is worth noting is that the Iberia Peninsula distribution market continued to show significant growth in Q2 2025. Italy was more or less flat year on year, and we achieved an overall growth as a group of 5% in these two regions combined. We had very, very strong Q2 profitability, which offsetted a rather weaker Q1 and turned H1 2025 back to profitability growth. That's the combined result of a good top-line performance, but especially very, very solid profit margins and a very...