Ascopiave S.p.A. (ASCOF) Q3 2026 Earnings Call Transcript
Ascopiave S.p.A. (ASCOF) Q3 2026 Earnings Call November 5, 2026 8:30 AM EST
Company Participants
Stefano Fae – MD, CEO & Director
Riccardo Paggiaro – Chief Financial Officer
Conference Call Participants
Alessandro Di Vito – Mediobanca – Banca di credito finanziario S.p.A., Research Division
Roberto Letizia – Equita SIM S.p.A., Research Division
Emanuele Oggioni – Kepler Cheuvreux, Research Division
Davide Candela – Intesa Sanpaolo Equity Research
Presentation
Operator
Good morning. This is Chorus Call. Welcome to the presentation of the results — financial results as of 30 September 2026 for Ascopiave. [Operator Instructions]
Now I would like to ask Dr. Fae, the Chief Executive Officer, to make a presentation. Thank you.
Unknown Executive
Thank you, everyone, for being present here today. We will illustrate the results of the first 9 months of Ascopiave Group. I would like now — Dr. Fae, who will illustrate to you the figures and the results for the first 9 months.
Stefano Fae
MD, CEO & Director
Good morning, everyone. Thanks for participating. Let me start with how the performance has been, in Slide #2, as of 30 September 2026. There hasn’t been many changes relating to the scope of consolidation relating to 30 June. The renewable energy section on the left side, you can see the results, while the central part is for the core business regarding the distribution. And the Reti part of our company is the last one that has entered the scope of consolidation. And at the middle of — half of this month, it will enter the scope of consolidation. On the right side, you can see the companies with minority interest like Cogeide, Herabit and Acinque, where we have 5% stake.
If we go to Slide #3, change in the consolidation scope and participation disposals. In 2026, there can be a higher degree of
