Research Analyst at AdCal
Mattia Cataruzzi is an Analyst at AdCal, specializing in equity research within the European industrials and consumer sectors. He covers leading companies such as Nestlé, Unilever, Siemens, and Volkswagen, and is recognized for his strong track record of market calls, with a success rate exceeding 65% and average returns above the sector benchmark according to public analyst ranking sources. Cataruzzi began his financial analysis career in 2017, holding prior analyst roles at Intesa Sanpaolo and Banca IMI before joining AdCal in 2022. He holds the Chartered Financial Analyst (CFA) designation and is registered with FINRA, underscoring his professional expertise and commitment to compliance.
Asked about the next milestones for the CESA LNG project, Pampa's expected contribution, and the possibility of shareholder distributions in 2027.
Next steps for CESA include building pipeline interconnections and preparing for the vessel's arrival. Pampa has a 20% equity stake, but EBITDA is unpredictable due to volatile LNG prices. It is too early to comment on 2027 shareholder distributions.