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Sommariva (Renergetica): "Betting on USA from 2019"

For the debut on AIM Italia in August we turn our gaze overseas. Renergetica, the company active in the renewable energy sector as Developer, IPP and engineering company, has been able to win the trust of investors and is preparing to face a three-year period of international growth and expansion. 'USA the target for 2019', this is the plan of the President of the company, Davide Sommariva. Mr. Sommariva, what are the reasons that brought Renergetica to Piazza Affari? The quotation for us is an important business card. The possibility of meeting international partners, to have a strong sense of business organisation founded on a transparency of the budgets and on the certifications that the quotation requires, is an important added value. Piazza Affari, for us, is the natural gateway for a company that focuses on internationalisation as a business model. Our core business is linked to development, from the identification of the most suitable sites for the plants, to their construction, up to certification and authorisation. Our interlocutors are capitalised, structured and with the quotation process we have taken a step forward towards them. What do you hope to gain, a few months before you actually debut on the Stock Exchange? The response from the interlocutors has been positive. Many people believe in us, someone told us that we are a bit small, but our growth plans are solid. The performance on the Stock Exchange is in contrast with the market trend and even after the presentation of the half-year report we recorded an important stability. Our goal is to double the turnover in the next two years. How? Consolidating our presence in Chile, the main reference country for what we do, and growing in the United States in the next three years, starting imediately from 2019. A market such as the US is ten times bigger than Chile, with a distributed population extending the whole territory. We have also started operations in Colombia, a market with 60 million inhabitants and a double-digit GDP. Furthermore, the Italian market is also slowly starting to spread. After the boom between 2009 and 2012 and the subsequent shutdown phase, our country is once again looking at the renewable energy sector with interest. What are the main strengths of Renergetica? Our company is based in Genoa, but could be located anywhere because our business is international. We have several investee companies in the countries where we are present (Chile, United States and Colombia), but engineering, and the coordination of it, is an expression of the 'Made in Italy' brand. We have the opportunity to be active and present for 12 hours a day, thanks to the different time zones, and we can count on a team of young engineers. The average age is 35/40 years and 80% of our staff are graduates. Our activities are often also focused on the role of equity investor, always keeping in mind the possibility of being able to remain partners, a business model that we have translated into a strength. What are the growth plans for the next few years? For 2018, growth will still be driven by Chile. Starting next year, on the other hand, we will be looking to the United States, where the infrastructure keeps growing rapidly. Between 2020 and 2021, however, we will begin to reap the first fruits of the activities in Colombian.

22/11/2018