Rai Way S.p.A. (0R40) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

operator welcome and thank you for joining the right way first quarter 2025 results analyst web call all participants are on listen only mode and after the presentation there will be a q a session at this time i would like to turn a conference over to mr andrea moretti head of ir of railway please go ahead sir thank you maria good evening and welcome to everyone As we presented our yearly results and 2025 guidance less than two months ago, today's presentation will be relatively short and focused on the Q&A. As usual, today's speakers will be Raiways CEO, Roberto Cecatto, the CFO, Adalberto Pellegrino, and Giancarlo Benucci, Chief Corporate Development Officer. Let's first start with a financial and operational overview of the quarter. Please, Mr. Cecatto, the floor is yours. Good evening to everyone, from me as well. Starting with the financial result, which will be explained in detail by our CFO, Adalberto Pellegrino. The trends and the driver observed in the first quarter are fully in line with expectation in particular. At revenue level, we continue to maintain an inertial CPI plus growth profile. The growth exceeding CPI came from rising tower hosting volumes driven by radio broadcaster fixed wireless access providers and public administration. The first marginal contribution also came from diversification. EBITDA remained flat, even considering the solid underlying operating leverage and profitability of the traditional business. This was due to some items. Diversification-related costs in line with the expectation and full year guidance as well as to higher energy tariffs Caraplex levels were low, both for maintenance due to the typical seasonality of the first quarter and for development reflecting the negotiation phase for DAB projects and the completion of ...