Rai Way S.p.A. (0R40) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome, and thank you for joining the Rai Way First Quarter twenty twenty six Results Webcast. All participants are in listen only mode. And after the presentation, there will be a Q and A session. At this time, I would like to turn the conference over to Mr. Andrea Moretti, Head of IR. Please go ahead, sir. Thank you, operator. Good evening, and welcome to everyone. As we presented our yearly results, a comprehensive operational update and the 2026 guidance only few weeks ago, today's presentation will be relatively short and focused on the financial performance of the first three months of the year, leaving time for the final Q and A. As usual, today's speakers will be Rai Way's CEO, Roberto Ciacatto our CFO, Adalberto Pellegrino as well as Giancarlo Benucci, our Chief Corporate Development Officer. Let's first start with an overview of the quarter. Please, Mr. Ceccato, the floor is yours. Thank you. Good evening to everyone from me as well. With the financial results, which will be explained in detail by our CFO. The trends and the drivers observed in the first quarter are fully in line with expectation. Revenues grew by 2.6 year on year, supported by the contribution of both of our segments. Considering a 1% applicable CPI, it's clear that Rai Way continues to outpace the contribution from inflation, thanks to the new businesses such as DAB and diversified assets. Looking at the adjusted EBITDA, it grew by €400,000 or 1%. Even excluding the positive impact from energy tariffs providing for EUR 200,000 compared to the previous year, the performance was positive despite a negative year on year impact from the level of non core items, which accounted for almost EUR 1,000,000. This means that on a pure underlying basis, in the first quarter, the adjusted EBITDA rose...