Sesa Spa (SESPF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. This is the Chorus Call Conference Operator. Welcome and thank you for joining the full year 2026 Consolidated Three Months Results Conference Call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Mr. Jacopo Lascetti, Stakeholder and Corporate Sustainability Manager of CESA. Please go ahead, sir. Good morning, and thank you for joining this CESA group presentation. Representing the group today are Alessandro Fabroni, Group CEO, Caterina Gori, Investor Relations and Corporate Finance and M&A Manager, and myself, Secure the Relations and Adopt Sustainability. Earlier today, the Board of Directors approved the consolidated financial results for the first quarter of fiscal year 2026, ended July 13, 2025. The corporate presentation is available on the CETA website and will serve as a reference to our today's conference call. Alessandro will begin by providing an overview of our key business developments and achievements. Good morning and thank you all for joining today's call. In the first quarter of the new fiscal year, Cesar returned to growth, confirming the achievability of the guidance of the new industrial plan. Overall, first quarter 2026 shows a solid recovery in consolidated revenues and VDA, along with a significant improvement in net profitability. supported by a substantial reduction in financial expenses and the improvement of the net financial position compared to April 2025, with a clear and progressive reversal of the main trends of revenues and profitability. In the first quar...