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Financial strategy

The objective of the Groupís financial management is to maintain an adequate current and prospective balance between investments and uses of capital on the one hand and sources of funds on the other, in terms of the repayment schedule as well as the rate type.

In order to maintain the low risk profile that has been achieved, Hera is striving to improve the Groupís financial structure, setting the following targets for the Business Plan to 2022.

Debt/Equity~ 1x
Debt/Ebitda~ 2.9x

Targets are pursued through the growth of operative results, which will lead to a positive cash generation, thus widely compensating investment needs and dividend payment

Page updated 7 May 2019

2018 Economic results - Comments of the President
Risultati economici 2018 - Il commento del Presidente del Gruppo Hera
2017 SR: Shared value
Valore condiviso al centro del bilancio di sostenibilitŗ 2017
Sustainability in Hera
Un'Hera che scorre da 15 anni