Terna Rete Elettrica Adr (TEZNY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to China's Q1 2026 consolidated results presentation. At this time, all participants are in a listen-only mode. Please be advised that today's conference is being recorded. I'd like to hand the conference over to our host, Stefano Gamberini, Head of Investor Relations. Please go ahead, sir. Thanks a lot. Good afternoon, everyone, and welcome to CERNA's first quarter 2026 results presentation. The call will be hosted by our CFO, Francesco Beccali, and following the presentation, we will have the Q&A session. So, we kindly ask you to send any questions you might have to our email address, investors.relations at CERNA.it. I leave the floor to Francesco, please. Thank you Stefano, and good afternoon everyone. Let me start by sharing with you the key highlights of the first quarter of 2026. The urban infrastructure. In Q1 2026, 10 projects aimed at developing the national transmission grid were authorized by the Ministry of the Environment and Energy Security and the relevant regional authorities, for a total value of approximately 167 million euros. This confirms our ability to streamline internal processes and our constructive collaboration with the authorities, enabling shorter approval timelines. In terms of execution, let me remind you that, in early January 26, the installation of the first submarine cable of the Terranial Links Western Branch between Sisi and Sardinia was completed, reaching a record depth of 2,150 meters. In addition, in April we completed the installation of the eastern section of the Tyrrhenian Link, making the conclusion of submarine walls between Campania and Sicily. Finally, in line with the strategically focused outline in the update of our 2024-2028 industrial plan, in February we signed a b...