The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Fabio Fazzari - Equita SIM S.p.A., Research Division - Analyst
: I know before you said that you are confident to achieve the target that you had in mind for the EBITDA at the end of the first half. If you can give
us an indication of when we have to expect -- where we have to expect the EBITDA at the end of the first half? And with the visibility that you have
today if you can give sort of guidance or some indication for the full year? The second question is related to the debt refinancing. I was wondering
if you have an idea speaking with the banks of where we have to assume the cost of debt could be next year?
Question: Fabio Fazzari - Equita SIM S.p.A., Research Division - Analyst
: Okay. And the extension for how many years or for one year?
Question: Andrea Bonfa - Banca Akros S.p.A., Research Division - Analyst
: Most of my questions have been answered. I got a more generic question regarding your rents. In particular, you mentioned during some previous
conference calls, it was not the last one, that your new rents are around EUR 200 per square meter compared with historic one of EUR 300 per
square meter.
And I'm wondering and considering your attrition on the various expiry date of your rents that if you are able to obtain this clearance also on those
rents which are expiring, this is my first question.
The second one is more long term. If you're already hedging 2020 fiscal year and -- which cost of -- which exchange rate on the U.S. dollar?
Question: Andrea Bonfa - Banca Akros S.p.A., Research Division - Analyst
: And if I may ask you, what's the average length of your rents if it's possible? Is it 6 to 7 years? Or is that possible to have an idea or?
Question: Andrea Bonfa - Banca Akros S.p.A., Research Division - Analyst
: And finally, if I may, is that possible to -- more precisely, how much you spend or rent on a yearly basis? We consider aggregate number just to be
sure that we are -- we got the same amount.
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JUNE 20, 2019 / 1:00PM, OVS.MI - Q1 2019 OVS SpA Earnings Call
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