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ENAV S.p.A. (EENNF) Q1 2026 Earnings Call Transcript
2026-05-13 · via All Articles on Seeking Alpha

ENAV S.p.A. (EENNF) Q1 2026 Earnings Call May 12, 2026 9:00 AM EDT

Company Participants

Fabrizio Ragnacci - Head of Investor Relations
Luca Colman - Chief Financial Officer

Conference Call Participants

Carlos Caburrasi - Kepler Cheuvreux, Research Division
Aleksandra Arsova - Equita SIM S.p.A., Research Division
Amal Patel - UBS Investment Bank, Research Division
Luca Bacoccoli - Intesa Sanpaolo Equity Research

Presentation

Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the ENAV First Quarter 2026 Results Conference Call. [Operator Instructions]

At this time, I would like to turn the conference over to Mr. Fabrizio Ragnacci, Head of IR of ENAV. Please go ahead, sir.

Fabrizio Ragnacci
Head of Investor Relations

Good afternoon, ladies and gentlemen, and welcome to the first quarter 2026 results presentation, which will be hosted by our CFO, Luca Colman. In the presentation, we will provide some highlights of the period, and then we will walk you through the operational and financial performance for the group. Following the presentation, we will have the usual Q&A session. Before we start, let me remind you that media can be connected to both the presentation and the Q&A session.

Thank you for joining us. And now let me hand over to Luca.

Luca Colman
Chief Financial Officer

Thank you, Fabrizio, and good afternoon. I will start with the key highlights of the first quarter 2026. The year started with a robust growth of traffic volume. In Q1, which includes 1 month of the conflict in Middle East, service units for En-route marked a year-on-year growth of 8.6% ahead of plan expectations by 4.5 percentage points. We are facing high levels of volatility triggered by the Middle East conflict and in a prolonged crisis scenario, the dynamics on availability and price of fuel jet -- jet fuel can have an impact on traffic during the summer season. To