Press releases

all

month

year

section

nota sotto la ricerca

To search for exact matches, insert the phrase in quotes (eg. "board of directors")

Seleziona il tuo comune

HeraAssetPublisherFilterComuneSelector

box-home-page

Choose the municipality

Ci dispiace, il servizio non è attivo nel tuo comune.

Esplora i servizi attivi nel tuo comune:

Inserisci un comune con il servizio di "Ambiente" oppure vai all'Homepage

Acqua

Ambiente

Luce

Gas

TLR

Asset Publisher

05/07/2024

COMMUNICATION OF THE OVERALL AMOUNT OF VOTING RIGHTS

(drafted pursuant to article 85-bis, paragraph 4-bis, of Consob Regulation 11971 / 14 May 1999)

02/07/2024

The Bureau Veritas’ certifications have been renewed, with a focus on innovation for sustainability

Quality, Safety and Environment: Hera Group confirms a solid protection in compliance with international standards

19/06/2024

Online since 15-05-2024 at 10:38

Hera Group acquires Soelia’s gas network

Through its subsidiary Inrete Distribuzione Energia, the Group was awarded the tender for the gas distribution plants and network serving the municipality of Argenta in Ferrara area

Hera Group BoD approves results for 1Q 2024

The consolidated quarterly report at 31 March shows improvement in the main operating and financial indicators. The Group’s financial solidity and commitment to sustainability and the ecological transition were confirmed, along with the creation of value for all stakeholders and significant investments in the areas served to improve our assets resilience and to guarantee service quality and continuity

Online since 14-05-2024 at 12:41

30/04/2024

Online since 29-04-2024 at 12:53

Hera Shareholders Meeting: 2023 financial statements approved and dividend increased to 14 cents

The Group continues along its path of uninterrupted growth, closing 2023 with record performance in the main operating and financial indicators, thus constantly creating value for its stakeholders.

23/04/2024

Hera Group at the top of ARERA’s water service quality ranking

The multiutility confirms itself among Italy’s most outstanding operators, securing the first and third positions, with reference to all macro-indicators, as proof of the very high standards adopted by the Group in this field. A commitment that the Hera fulfils with significant investments to ensure the highest quality and continuity of service to around 3.6 million citizens and an increasingly efficient and circular use of resources. Important results have been achieved, particularly in Emilia-Romagna.

08/04/2024

Publication of the Draft Separate and Consolidated Financial Statements as of 31.12.2023, the Sustainability Report - Consolidated Non-Financial Statement, the Corporate Governance Report, and the Report on Remuneration and Compensation Paid

29/03/2024

Thanks to investments totalling approximately 50 million euro, the Hera Group will build a state-of-the-art facility within its own plant complex. Starting from plastic waste that has so far been difficult to recycle, it will produce high quality polymers with characteristics similar to those shown by virgin materials, thus making sectors such as consumer electronics and the automotive industry increasingly sustainable

Rigid plastics recycling: one of Europe’s most innovative plants to be built in Modena

27/03/2024

The year closed with main financial indicators rising and the targets included in the strategic Plan to 2026 exceeded three years ahead of schedule. The Group’s financial solidity and flexibility allowed it to continue along its path of industrial growth, increasing its investments and successfully grasping market opportunities, both internal and external, while continuing to generate value benefitting all stakeholders. The proposed dividend was raised, reaching 14 eurocents per share

Publication of documents pertaining to the Shareholders Meeting to be held on 30 April 2024

Hera Group approves results as at 31/12/2023

Online since 26-03-2024 at 12:47

11/03/2024

Sustainability, decarbonisation, liveability and biodiversity protection are the keywords of this project, which will be developed in the northern part of the city and will contain a new urban park with facilities, complemented by areas dedicated to protecting animal and plant species, and an agrivoltaic field that will allow an annual saving of 6,000 tons of CO2.

Green energy and a new urban forest: the Hera Group’s Energy Park arrives in Bologna

04/03/2024

The passing of Hera S.p.A.'s Vice Chairman, Mr. Gabriele Giacobazzi

We hereby inform you that on March 3, 2024, the Vice Chaiman of the Board of Directors, Mr. Gabriele Giacobazzi, passed away.

13/02/2024

The Group achieved the leadership band in the CDP questionnaire and was included among “TOP 1%” Multi and Water Utilities of the S&P Global’s Sustainability Yearbook 2024. These recognitions prove Hera’s commitment to sustainable development and creating shared value for local areas.

Hera Group among Europe’s leaders in sustainability and the fight against climate change

06/02/2024

With the 7 lots awarded in the tender for the Gradual Protection Service for non-vulnerable household customers, the Hera Group consolidates its position as the sector’s third largest operator in Italy.

Hera Group: over 1 million new electricity customers as of 1 July

Hera Group expands in the industrial waste sector with TRS Ecology

With the acquisition of 70% of the Piacenza-based company, the Group reinforces its leadership in the waste management sector. This transaction, at full capacity, is expected to contribute to growth in the Hera Group’s Ebitda with approximately 6 million euro.

Hera Group presents Business Plan to 2027

Development, resilience and creating shared value for stakeholders are at the heart of the Group’s new strategic document, which foresees investments totalling 4.4 billion to speed up the ecological transition and enhance asset resilience to climate change. The preliminary results for 2023 outperform the previous Plan’s goals that have been achieved three years ahead of schedule, thanks to the numerous development actions implemented and the Group’s ability to grasp market opportunities.

Online since 24-01-2024 at 12:02

22/01/2024

Online since 22-01-2024 at 13:24

Calendar of corporate events

page 1 of 17

— 20 Elementi per Pagina

Mostrati 1 - 20 su 329 risultati.

← Primo
Previous
Next
Ultimo →

Asset Publisher

14/05/2024

Hera Group BoD approves results for 1Q 2024

The consolidated quarterly report at 31 March shows improvement in the main operating and financial indicators. The Group’s financial solidity and commitment to sustainability and the ecological transition were confirmed, along with the creation of value for all stakeholders and significant investments in the areas served to improve our assets resilience and to guarantee service quality and continuity

Financial highlights

Revenues at 3,285.8 million euro
Ebitda* at 417.1 million euro (+1.7%)
Net profit for shareholders* at 143.1 million euro (+11.6%)
Gross operating investments at 156.8 million euro
Net financial debt at 3,986.6 million euro, with Net debt / Ebitda* at 2.66x

Business highlights

Significant contribution to growth from the water, electricity and waste management sectors
Growth of energy customer base continues, now at 3.9 million
New avant-garde projects for the ecological transition and investments to optimise the assets managed

Today, the Board of Directors of the Hera Group, chaired by Executive Chairman Cristian Fabbri, unanimously approved the consolidated financial results for the first quarter of 2024 and appointed the Group’s new Vice Chairman.

The first quarter of 2024 ended with increased operating results and investments compared to the same period in 2023 (year in which Hera recorded the highest growth in its history), in a market environment that was more stable than the previous year due to lower volatility in commodity prices, while still not returning to the levels seen prior to the crisis. This good performance is the result of the Group’s consolidated multi-business strategy, balanced between regulated and free-market activities.

The consolidated quarterly report at 31 March confirms once again the Group’s financial solidity and, at the same time, its focus on resilient and sustainable growth for the benefit of all stakeholders.

Cristian Fabbri, Executive Chairman of the Hera Group:

“The first quarter of 2024 closed with the main operating and financial indicators showing growth, thanks to our consolidated multi-business strategy, balanced between regulated and liberalised activities: these results confirm the targets for creating value included in our Business Plan. In fact, the good operating performance led Ebitda to reach 417.1 million euro, up from last year’s exceptional results. The gradual normalisation of the energy scenario also allowed us to achieve a double-digit growth in net profit and return on our invested capital, which stands at 9.5%. In the electricity sector, the 19% increase in the customer base confirms our Group’s commercial strength and expertise, capable as we are of growing and boosting customer loyalty with value-added services for decarbonisation and energy efficiency, and conquering new market shares, reaching a total of 3.9 million energy customers.”

Orazio Iacono, CEO of the Hera Group:

“The 1Q 2024 solid results highlight further growth along with the Hera Group’s confirmed focus on resilience, sustainability and innovation. Operating investments, amounting to around 160 million euro, went to upgrading and making the managed infrastructures even more efficient, to ensure service quality and continuity and improve the resilience of our assets. The activities carried out in 2023 to optimise the financial structure led to a decrease in the cost of medium- and long-term debt, generating a significant saving in financial expenses compared to the same period one year earlier. This results in an increase of about 12% in net profit attributable to shareholders, which rose to over 143 million euro. The Group’s financial solidity was also fully confirmed, with the Net debt / Ebitda* ratio standing at 2.66x, improving from previous year and essentially aligned with the figure recorded on 31 December 2023.”

Revenues at approximately 3.3 billion

In the first quarter of 2024, revenues amounted to 3,285.8 million euro, down significantly from 5,628.9 million euro in the same period of 2023, mainly due to lower energy commodity prices and lesser trading activities, as well as reduced opportunities related to energy efficiency incentives in residential buildings. This drop was partially offset by the higher volumes of electricity sold, as a result of significant commercial development.

Ebitda* rises to 417.1 million euro

At 31 March 2024, Ebitda* rose to 417.1 million euro (+1.7%), as against 410.2 million euro for the first three months of 2023, demonstrating the resilience of the Group’s results within the normalisation of commodity prices. This growth is mainly due to the contribution coming from the water area, amounting to 9.8 million euro, the good performance of the electricity and waste areas, up 3.5 million euro and 2 million euro respectively, as well as the other services area, up 1.4 million euro, all of which offset the 9.8 million euro drop in the gas area due to the loss of the contribution coming from the super-ecobonus.

Ebit* and pre-tax result* increase

Ebit* at 31 March 2024 increased to 245.9 million euro, up 4.2% from 236.1 million euro in the first quarter of 2023. This performance was also supported by lower provisions for bad debts, due to the normalisation of commodity prices and lower gas volumes. The pre-tax result* also increased to 212.9 million euro (+11.1%), as against 191.7 million euro at 31 March 2023, thanks in particular to the positive trend in financial operations.

Net profit attributable to shareholders* up to 143.1 million euro

After taxes, which came to 28%, mainly due to lower tax benefits in the first quarter of 2024 compared to the same period in 2023, net profit* rose to 153.3 million euro (+9.3%), compared to 140.3 million euro at 31 March 2023. Net profit attributable to Group Shareholders* also rose, coming to 143.1 million euro, up (+11.6%) from the 128.2 million euro seen at 31 March 2023. These results supported the creation of value for all stakeholders, in line with the content of the Business Plan.

Gross operating investments rise, maintaining the Group’s solidity

The Group’s operating investments, including capital grants, confirmed its strategic plans and were in line with the previous year, amounting to 156.8 million euro, as against 155.7 million euro at 31 March 2023, and mainly went to works on plants, networks and infrastructures. Regulatory upgrading was also carried out, mainly concerning gas distribution, with a large-scale meter replacement, and the purification and sewerage area.

The total amount of net financial debt came to 3,986.6 million euro, a slight increase (+4.2%) compared to the figure seen at 31 December 2023, while the net debt/Ebitda* ratio stood at 2.66x, confirming the company’s financial solidity.

Tommaso Rotella becomes Vice Chairman of Hera

The Board of Directors assigned the position of (non-executive) Vice Chairman to Mr. Tommaso Rotella, who was appointed as a board director during the Shareholders Meeting held on April 30.

Mr Rotella was also appointed Vice Chairman of Hera S.p.A.’s Executive Committee and Chairman of both the Remuneration Committee and the Risk and Control Committee (also acting as the Committee for Transactions with Related Parties).

Born in Modena and 52 years old, he gained a degree in law from the University of Modena. As a lawyer, he specialises in proceedings concerning the criminal and administrative defence of companies, as well as tax consultancy. He holds positions as chairman of the supervisory body in several companies, participates in conferences and is author of publications on these topics.
Rotella will remain in office as Vice President until the Shareholders’ Meeting held to approve the 2025 financial statements.

The Board of Directors also confirmed the appointment of Enrico Di Stasi as a member of the Risk and Control Committee and of the Committee for Related Party Transactions, after Di Stasi was appointed as director by the Shareholders Meeting held on 30 April 2024. The Board of Directors also assessed the independence of Directors Rotella and Di Stasi. Based on the declarations made by them and the information available to the company, director Rotella was found to be independent and director Di Stasi not independent. Vice Chairman Rotella and director Di Stasi also declared that they do not hold Hera shares.

Gas

Ebitda* for the gas area, which includes natural gas distribution and sales, district heating and energy services, stood at 184.0 million euro, compared to 193.8 million euro at 31 March 2023, mainly due to the changes in government incentives for energy efficiency activities (super-bonus), lower intermediation activities and a reduction in volumes due to climatic conditions and changes in consumption habits. This change was partially offset by growth in both sales margins in traditional markets, due to the normalisation of shaping costs, and in regulated distribution revenues, thanks to the recovery of higher inflation and the updated regulatory WACC.

Moreover, the Group’s good performance in last resort markets and in supplies to public administrations continued, through subsidiary Hera Comm, thanks to the award of 8 out of 9 lots of the last resort service, all 9 lots of the default service and 3 out of 12 lots of the Consip GAS15bis tender for public administrations.

In the first quarter of 2024, investments made in the gas area amounted to 37.4 million euro. More specifically, in gas distribution they involved non-recurring maintenance work on networks and plants and the replacement of measuring units for remote management, while in gas sales investments were aimed at acquiring new customers.

The number of gas customers stood at 2.1 million, in line with the previous year.

The gas area accounted for 44.1% of Group Ebitda.

Electricity

Ebitda for the electricity area, which includes the generation, distribution and sale of electricity as well as public lighting services, rose by 5.2%, reaching 71.2 million euro, compared to 67.7 million euro seen in the same period of 2023 (these values have been recalculated by including the public lighting segment, previously classified among other services).

The first quarter of 2024 showed significant growth in terms of both volumes sold to end customers, thanks to commercial development mainly in the free market, and margins due to the lower cost of modulation resulting from the drop in raw material prices. Distribution also increased, due to the recovery of inflation and the increase in regulated WACC. Other factors included opportunities in safeguards service and public administrations supplies, thanks to the awarding, through the subsidiary Hera Comm, of 4 lots in the Consip EE21 tender for the public administrations, 2 lots of the safeguards service, 3 lots of the gradual safeguarded service for SMEs, and 1 lot for micro-businesses.

In the first quarter of 2024, investments made in this area amounted to 27.9 million euro, up 5.7 million euro year-on-year. In electricity distribution, the interventions carried out mainly concerned extraordinary maintenance and upgrading of plants and distribution networks in the Modena, Imola, Trieste and Gorizia areas, as well as the ongoing large-scale meter replacement and interventions to improve the resilience of the network. In energy sales, investments involving activities related to the acquisition of new customers increased.

The number of electricity customers increased by 18.8% compared to the same period of 2023, reaching approximately 1.8 million. This growth occurred mainly in the free market, as a result of both the reinforced commercial actions and the positive contribution coming from Consip tenders and the gradual protection service.

As regards public lighting, in the first quarter of 2024 the Hera Group acquired approximately 58.4 thousand lighting points in 20 new municipalities, mainly in Tuscany, Triveneto, Umbria, Emilia-Romagna and Lombardy. The percentage of lighting points managed using LED lamps also increased, confirming the Group’s constant focus on an increasingly efficient and sustainable management of this sector.

The electricity area accounted for 17.1% of Group Ebitda.

Water

At 31 March 2024, Ebitda for the integrated water cycle area, which includes aqueduct, purification and sewerage services, rose to 65.4 million euro, up (+17.6%) from 55.6 million euro in the same period of 2023. This growth was mainly due to the recognition of inflation and the updated regulatory WACC. In the first quarter of 2024, investments made in the water cycle area, including capital grants, amounted to 48.3 million euro (30.9 million euro in the aqueduct, 11.8 million euro in sewerage and 5.6 million euro in purification) and mainly involved extensions, reclamation and upgrading on networks and plants, as well as regulatory adjustments, mainly in the purification and sewerage areas.

The main interventions included: in the aqueduct, ongoing reclamation activities on networks and connections, as well as specific modernisation and upgrading operations; in the sewerage sector, ongoing implementation of the Rimini seawater protection plan (PSBO); in the purification sector, the beginning of construction for the new ‘power to gas’ plant at the IDAR purification plant in Bologna, partially financed by NRRP funds.

Lastly, note that, in line with the results of previous years, ARERA has recently reconfirmed the high-quality standards adopted by Hera in managing the integrated water service: more specifically, the Hera Group was awarded first and third place in the overall ranking of Italian utilities (2020-21 two-year period). This result recognises the Group’s contribution to the development and efficiency of the sector, thanks to significant investments and state-of-the-art plants, to guarantee service continuity, safety and quality, in line with its sustainability and circular economy strategies.

The integrated water cycle area accounted for 15.7% of Group Ebitda.

Waste

Ebitda for the waste management area, which includes waste collection, treatment and recovery services, rose to 89.6 million euro (+2.3%), as against 87.6 million euro at 31 March 2023, mainly due to higher volumes treated and lower operating costs, especially for chemicals. Ebitda for waste treatment services rose to 73.7 million euro (up 1.2 million euro), while Ebitda for waste collection and sweeping services amounted to 15.9 million euro (up 0.8 million euro).

Compared to the same period in 2023, there was an increase in waste commercialised mainly due to a rise in market waste. This growth offset the lower performance of energy management, mainly due to lower market prices and lower volumes in the Rimini and Modena waste-to-energy plants due to maintenance.

In the first quarter of 2024 as well, the main initiatives concerning the circular economy set out in the business plan continued, from material recovery to the production of renewable energy. Examples of this are the biodigester in Spilamberto (Modena area) that will go on stream this year and the new plant that subsidiary Aliplast started to build in Modena for the production of high-quality recycled polymers, with the aim of making sectors such as consumer electronics and the automotive industry increasingly sustainable. Thanks to the development of new state-of-the-art infrastructures such as this one, the Group aims to further consolidate its position in the segment of second raw material production, a sector in which Hera subsidiary Aliplast, already a national market leader in high-quality recycling of PET and LDPE polymers, aims to play a key role also in recycling rigid plastics.

Within a macroeconomic scenario characterised by a slight growth in GDP, a downturn in industrial production and increased competitive pressure in the markets covered, the Group, thanks to its sound management policies, continued to strengthen its leadership in the waste management sector, especially in the industrial and recovery market, equipping its plants with the best available technologies and guaranteeing a significant level of growth along the supply chain. With more than one hundred state-of-the-art facilities capable of treating any type of waste, Hera’s set of plants is a strategic and distinctive asset nationwide, in a country which still shows significant infrastructural deficiencies in this area.

Protecting environmental resources was confirmed as a priority goal for the Group in the early months of 2024, as was the maximisation of their reuse. This is further proven by the special attention dedicated to developing sorted waste collection, which rose to 74.1% at 31 March 2024, up 3.4% compared to the same period in 2023, thanks to the strong commitment shown in all areas served.

In the first quarter of 2024, investments made in the waste management area rose to 21.6 million euro, mainly going to maintenance and upgrading of waste treatment plants.

The waste management area accounted for 21.5% of Group Ebitda.

Special items and operational adjustments / balance sheet reconciliation

IFRS financial statements

Income statement

Statement of financial position

PR Hera Group BoD approves results for 1Q 2024

Online from 14 May 2024 at 12:41:00

Go to press release

Search Results

Hera, recovered waste from separate collection rises to 94.4%

2016-11-08 11_870x320_cs_s1.1479113984.jpg The multiutility company forges ahead of the European agenda on the circular economy and, at Ecomondo, it presents the new editions of its sustainability reports, which this year are accompanied by "I mille volti del servizio", focusing on customer services. Transparency and 360° certification with a shared value approach. The multiutility company forges ahead of the European agenda on the circular economy and, at Ecomondo, it presents the new editions of its sustainability reports, which this year are accompanied by "I mille volti del servizio", focusing on customer services. Transparency and 360° certification with a shared value approach. The European Union calls, Hera responds. As part of the transition towards a circular economy, the target set by Brussels in 2015 on the reduction of landfill use (<10% by 2030) has been reached and surpassed by Hera, whose rate last year declined to 8.6%, marking an improvement in its performance compared to 2014 and also easily surpassing the national average (34%). It is enough to look at the clear, certified numbers contained in the seventh edition of Sulle tracce dei rifiuti("Tracking waste"), the report on waste tracking that the multiutility company presented in Rimini today at Ecomondo, along with the other publications that provide a snapshot of the Group's commitment to and results in favour of water quality and energy efficiency, with an approach based on transparency and shared value. In addition, I mille volti del servizio ("The thousand faces of service"), the newest report dedicated to customers and innovative projects for the community and local areas, was presented for the first time. The economic benefit for households rose to Euro 27 thanks to the improved quality of separate waste collection These indeed are excellent results for all residents, whose good practices continue to be leveraged as much as possible by Hera, which in 2015 recovered 94.4% of the separated waste. This figure, of clear environmental importance, resulted in a benefit of Euro 27 per household - equal to 11% of the bill - which exceeds the national average (Euro 22) and which, also thanks to the plant resources deployed by the multiutility company, is expected to increase further this year. All of this goes to benefit the green economy in which - also thanks to Hera's commitment - work has been given to 18 thousand people throughout the supply chain, which overall encompasses 191 recovery plants and generates annual turnover of 10 billion Euro. Excellent results were also achieved in packaging recycling. The Group, with 64%, has nearly reached the 65% target set by the European Union for 2025 (which has already been surpassed in the area served by Hera in Emilia Romagna). Lastly, the finishing line is getting closer to meet the European goal on the overall rate of municipal waste recycling, set at 50% for 2020: indeed, in 2015 the multiutility company had already reached 48%. 5.5 million Euro in annual savings due to energy efficiency projects Similar success was seen on the energy efficiency front, as certified by the second edition of the Valore all'Energia("Valuing Energy") report. Through actions for improvement carried out on a broad range of processes and plants, also in collaboration with other companies, from 2007 to date Hera has saved 676 thousand tonnes of oil equivalent (TOE), equal to the consumption of 475 households and corresponding to 1.3 million tonnes of CO2. Furthermore, there are already 6 Group companies that have achieved the Iso 50001 certification for efficient energy use, a sign of the widespread and transversal commitment which from 2013 to date has led to an overall reduction in energy consumption of 2.5% - an important step towards reaching the objective of 3% set for 2017. Just a few days after the regional environmental protection agency (ARPA) released the news about the surpassing of PM10 levels on via Emilia, Hera's commitment acquired further significance: projects have been identified which can save roughly 6,000 TOE, equivalent to a 11,000 tonne reduction in CO2 emissions. But the advantages of this commitment do not lie solely in the environment: the activities planned and partly already completed by the Group have resulted in annual savings of around 5.5 million Euro, of which 2.7 million Euro relating to the water service alone, benefitting household bills. Lastly, Hera helps local companies to develop efficient energy consumption systems with dedicated teams that boost their competitiveness by taking advantage of challenges regarding the efficient use of resources contained in the government's Industry 4.0 plan. Good, tested and affordable tap water, at the cost of just 0.2 eurocents per litre Tap water has also passed with flying colours, as reported in the eighth edition of the report In buone acque ("In good waters"), in which Hera attests to its commitment to guaranteeing good, tested and affordable tap water. The results of 99.9% of the controls carried out, with more than 2 thousand analyses every day, showed full compliance with legal requirements. In addition, at the cost of just 2 Euro for one thousand litres, drinking tap water instead of purchasing bottled water enables each household to save 270 Euro per year, while also contributing to avoiding the production of plastic. In 2015 alone, 35% of the residents in the area served by Hera chose tap water, avoiding the production of 245 million bottles, which would have filled 113 thousand waste bins. There are many reasons to be pleased in the area of investments as well: indeed, in 2015 alone the Group invested more than 127 million Euro. In the area served by Hera, investments totalled 41 Euro per resident, widely surpassing the national figure of 28 Euro. The Group has also made a significant commitment to wastewater treatment, with many projects including in particular the Plan for safeguarding swimming in Rimini, the largest water reclamation project ever carried out in Italy. The customer takes centre stage, with protections for customers in economic difficulty and 119 million in bills with payments in instalments in 2015 alone Lastly, the first edition of the report I mille volti del servizio, dedicated to the many commitments made by the Group in favour of its customers, was released with news and details on the innovative projects carried out for local areas and the community regarding environmental education, leftover food recovery, and the reuse of bulky waste still in a decent state and unexpired drugs. In 2015, Hera broke a total of 119 million in bills down into instalments, helping households and businesses during an economically complex time. In addition, tariff support in 2015, for water and energy, exceeded 8 million Euro overall, including through bonuses and facilities in addition to those established by the Authority. But Hera's action - based on solid roots in the community, innovation and closeness to the customer - is also accounted for by many other indicators: 170 drop-off points for separate waste collection, 123 customer branches with limited waiting times (less than 12 minutes), call centres differentiated by target, roughly 14% of customers receiving e-bills (ranked first in Italy in the area of utilities), service safety performance exceeding legal requirements, and protections for customers exceeding those established by the Authority. Venier: "the areas served byHera at the forefront in Italy and in Europe in terms of water, energy and waste" "Our commitment to sustainability reporting," declared Stefano Venier, CEO of the HERA Group, "bears witness to the results of a far-reaching action carried out by the Group in the interest of its reference communities and the residents who live there." Mr. Venier continued, "As our industrial growth has been accompanied by a sharp focus on environmental topics, the communities we serve can now boast of cases of excellence and at the forefront in Italy and in Europe in terms of water, energy and waste. This is why we intend to continue with a view to continuous improvement and while adopting a shared value approach that takes everyone's interest to heart. In essence," theHera CEO concluded, "I am pleased to report that by taking advantage of our services, households have been able to enjoy benefits exceeding national averages, with the economic value transferred to local areas reaching 1.6 billion Euro in 2015 alone." 20161108_Hera_a_Ecomondo_def_EN.1479114310.pdf 2016-11-09 17:30:01 Hera, sale al 94,4% la raccolta differenziata recuperata

Online dal 08/11/2016 alle ore 17:30

08/11/2016

2016-11-09 09_870x320_cs_s1.1479114547.jpg At Ecomondo the Hera Group is hosting an exhibition of students from the Florence Academy of Fine Arts: 10 portraits of famous people made of industrial waste. This is the fruit of the partnership with the Tuscan company Waste Recycling, recently acquired by Herambiente, which also collaborated to set up the stand, entirely furnished with recovered materials. At Ecomondo the Hera Group is hosting an exhibition of students from the Florence Academy of Fine Arts: 10 portraits of famous people made of industrial waste. This is the fruit of the partnership with the Tuscan company Waste Recycling, recently acquired by Herambiente, which also collaborated to set up the stand, entirely furnished with recovered materials. Waste gives rise not only to energy, but also to works of art At the Hera Group's stand at the Ecomondo trade fair in Rimini, waste takes is given a new lease of life as it is transformed into portraits of famous people, in addition to furnishings such as tables and sofas. This is how the multiutility company has interpreted the theme of the event, which this year is dedicated to the circular economy, while taking advantage of its partnership with Waste Recycling, a Tuscan industrial waste disposal company acquired by Herambiente in late 2015. The entire stand, located in pavilion C1, was created with recovered materials and it hosts a special exhibition of10 portraits created by students from the Florence Academy of Fine Arts. These are students who participate in the Officina Scart project activated with the Academy by Waste Recycling, which organises in-company training workshops on the artistic use of industrial waste. The exhibition was inaugurated today by the Chairman and CEO of Herambiente, Filippo Brandolini and Claudio Galli, and the CEO of Waste Recycling, Maurizio Giani, with the presence of Minister of the Environment Gian Luca Galletti, the Regional Councillor for Environmental Policies Paola Gazzolo and the Mayors of Santacroce sull'Arno, Giulia Deidda, and Castelfranco di Sotto, Gabriele Toti. From Frida Kahlo to David Bowie: "regenerated" portraits The portraits offamous people on display at the Hera Group's stand are made of creatively assembled recovered materials and waste of all types. Thus it is possible to admire a Saint Mother Teresa of Calcutta created by Gregorio Maria Mattei with fabric and curtains, toys, electrical cables, single-use gloves and packaging materials. Or a Federico Fellini by Ignazio Giordano, which took shape from leather and plastic scraps, sand paper, wire and mother of pearl beads. There is also an extraordinary Marilyn Monroe portrayed byAntonella Prasse with beads, stones and many types of buttons; and a Luciano Pavarottiby Arianna Tosi, a Lucio Dallaby Federico Niccolai, Muhammad Ali by Stefania Venuti, Nelson Mandela by Valentina Perini, Amy Winehouse by Beatrice Beneforti, David Bowieby Giulia Gigli and Frida Kahloby Olimpia Bogazzi. A stand where everything is recovered But the exhibition is not the only thing to be admired at the Hera Group's space at Ecomondo. Indeed, its collaboration with Waste Recycling has led the multiutility company to reconceptualise the entire stand: more than 300 square metres in which all of the furnishings are made of scrap materials. For example, the floor is made of recovered wood, and the predominant element that features the Hera logo with its three colours has been created with lids and pieces of metal along with mufflers from auto vehicles. There are also other furnishings, like tables and sofas, made from old chests of drawers, exhaust pipes and many other items. Thanks to Hera, Bologna students can also participate in the Scart project At the initiative of the Hera Group, the Scart project will start being offered at the Bologna Academy of Fine Arts as well:a great opportunity to open up a dialogue between the community and business, art and design, respect for the environment and university education. Based on the agreement signed at the end of October 20 16 between the Bologna institution, Waste Recycling and the Municipality of Santa Croce sull'Arno (Pisa), the doors of the Tuscan company's Officina Scart will open up to young artists in Bologna as well.Like their Tuscan peers, the students in Bologna will also be able to participate in workshops, with the support of their university tutors, to create works of art and design using as raw materials only and exclusively industrial waste collected at Waste Recycling's storage and sorting plants. When works of art are created with waste When works of art are created with waste 20161108_Hera_e_Waste_Recycling_mostra_ecomondo_EN.1479114548.pdf 2016-11-10 09:21:39 Quando dai rifiuti nascono opere d'arte

Sustainability

When works of art are created with waste

Online dal 08/11/2016 alle ore 09:21

11/10/2016

2016-10-11 sede_HERA.1501171971.jpg Hera: placement of new bonds under the EMTN programme for Euro 400 million Following the press releases dated respectively 29 September and 6 October 2016, notice is hereby given that today BNP Paribas S.A. announced the final results of the tender offer launched by it in its capacity as offeror (the "Offeror") on 29 September 2016 pursuant to the agreements entered into with Hera S.p.A. (the "Company"), addressed to the holders of the Existing Notes (as defined below) who are qualified investors and relating to (i) firstly, the "€500,000,000 4.5 per cent. Notes due 3 December 2019" issued by the Company and listed on the regulated market of the Luxembourg Stock Exchange (ISIN Code XS0471071133) (the "2019 Notes") and (ii) secondly, the "€500,000,000 3.25 per cent. Notes due 4 October 2021" (ISIN Code XS0976307040) issued by the Company and listed on the regulated market of the Luxembourg Stock Exchange (the "2021 Notes", and, together with the 2019 Notes, the "Existing Notes") (the "Tender Offer"). The Existing Notes validly tendered for purchase pursuant to the Tender Offer are equal to Euro 315,524,000, split as follows: Euro 105,373,000 in principal amount of 2019 Notes and Euro 210,151,000 in principal amount of 2021 Notes. The Offeror has announced its intention to accept for purchase all the Existing Notes validly tendered pursuant to the Tender Offer, equal to Euro 315,524,000; accordingly, in respect of the 2021 Notes no pro rating factor will apply. The payments due pursuant to the Tender Offer were settled today. Press_Release_conclusione_ENG.1476194067.pdf 2016-10-06 17:47:00 Gruppo Hera: via libera alla fusione di Marche Multiservizi e Megas.net

M&A

Final results of the tender offer relating to certain notes

06/10/2016

2016-10-06 heracomm_gransasso.1501232997.png The Hera Group consolidates its presence in the Abruzzo region, purchasing the gas and electricity sales company active primarily in the areas surrounding L'Aquila, Pescara and Chieti 100% of Gran Sasso goes to Hera Comm The Hera Group's presence in Abruzzo has now grown, thanks to the purchase by Hera Comm of 100% of Gran Sasso, the Gran Sasso Energie company with central offices in Pratola Peligna (in the province of L'Aquila) that is involved in free market gas and electricity sales. Gran Sasso serves approximately 15,000 gas customers and over 3,400 electricity customers, largely concentrated in the areas surrounding L'Aquila, Pescara and Chieti. In 2015 the company's revenues reached € 9.7 million, due to sales of 16.5 million m3 of gas and 8.5 GWh of electricity. Following the takeover, the extant contracts with clients will remain in force and the company will continue to operate in Abruzzowith bespoke personnel and contact channels. This operation contributes to the development of a model that brings together the Group's attention towards customers, seen in its physical presence across the areas served as is typical of local businesses, and the potentiality for innovation in services and offers and the competitiveness that derive from belonging to a Group that, with over 2.1 million customers, is among the foremost operators in the Italian energy market. This model has proven to be particularly effective and appreciated by customers who show a high and constantly growing level of satisfaction, and has led the number of customers to more than double over the past ten years. Hera Comm's experience will thus allow the needs of Gran Sasso's customers as well to be better satisfied, with the new offers and diversified services that will gradually be introduced, beginning in the upcoming months. The purchase of Gran Sasso, which follows upon those of Fucino Gas, Alento Gas and Julia Servizi, prolongs Hera Comm's path of growth in Abruzzo, consolidating its presence in this region by offering electricity and gas services to over 60 thousand clients, who are now to be added to the 155 thousand served in the neighbouring Marche region. "Our widespread presence across the areas served and the flexibility we have maintained, both typical of local businesses, come together with the innovative services and offers tailored to customers' needs, as developed while managing over 2 million customers. These are the keys to success that have led us to more than double our customers over the last ten years", explains Cristian Fabbri, CEO of Hera Comm. "We are convinced that Gran Sasso's current customers as well will appreciate our services and integrated offers". "Gran Sasso developed over the years thanks to the quality of its services and the value of the offers it proposes. We believe that becoming part of a structure as solid and successful as the Hera Group can bring further benefits to our clients" explains Vincenzo Santacroce, Managing Director and owner of Gran Sasso. "Precisely in order to pursue our path of development, we have decided to continue to collaborate with Hera Comm, even following the purchase." The Hera Group is one of Italy's leading multi-utilities, operating in the energy (electricity and gas distribution and sales), waste (collection and treatment) and water (aqueduct, sewerage and purification) sectors. The Group's over 8,500 employees are at work every day in order to meet the numerous needs of 4.4 million citizens in over 350 municipalities, mainly found in the Emilia-Romagna, Marche, Abruzzo and Triveneto regions. Hera Comm is the gas and electricity sales company, 100% controlled by Hera Spa, that operates across the nation with over2.1 million customers. press_release.1475770430.pdf 2016-10-06 12:30:00 Hera Group: control of Aliplast reaches 80%

M&A

100% of Gran Sasso goes to Hera Comm

06/10/2016

2016-10-06 sede_HERA.1501171971.jpg Hera: placement of new bonds under the EMTN programme for Euro 400 million Not increased the overall indebtedness of the Group Today, Hera S.p.A (the "Company") successfully placed on the Euromarket a Euro 400 million, 10-year bond offered to qualified investors at Mid Swap Rate + 60 basis points. The credit spread at which the Group has priced the new issue is 45 basis points below the 10-year Italian BTP. Investors' demand was over 2 times above the offer and has allowed to improve the initial price by 15 basis points. The bonds will be issued under the Euro Medium Term Notes Programme, will bear a coupon of 0.875% and will be listed on the regulated market managed by the Luxembourg Stock Exchange. The settlement date of the new issue is expected to fall on 14 October 2016. The transaction was carried out in the context of the tender offer on the Company's outstanding bonds due 2019 (ISIN Code XS0471071133) and 2021 (ISIN Code XS0976307040) listed on the regulated market of the Luxembourg Stock Exchange, launched by BNP Paribas, as offeror, pursuant to the agreements entered into with the Company. The transaction allows for a proactive management of the Company's indebtedness, with the aim of optimizing its cost and average duration, extended from 8.2 years to approximately 9 years, without increasing the overall indebtedness of the Group. The placement has been arranged by Banca IMI, BNP Paribas, Crédit Agricole Corporate and Investment Bank, Deutsche Bank AG, London Branch, Mediobanca - Banca di Credito Finanziario S.p.A. and UniCredit Bank AG in their capacity as Joint Bookrunners. The Company was assisted by Legance - Avvocati Associati, the Joint Bookrunners have been assisted by Linklaters. Documents will be available on Hera's website www.gruppohera.it under the Investor Relations section and at the authorised storage mechanism on the website www.1info.it. emissione_bond_Hera_eng.1475774673.pdf 2016-10-06 18:50:00 Hera: placement of new bonds under the EMTN programme for Euro 400 million

M&A

Hera: placement of new bonds under the EMTN programme for Euro 400 million

29/09/2016

2016-09-29 sede_HERA.1501171881.jpg Hera SpA 1 For information purposes only, the purchase price for the 2019 Notes will, as determined in the manner described in the Tender Offer Memorandum on the basis of a settlement date of 11 October 2016, be 114.843 per cent. Should the settlement date in respect of the 2019 Notes accepted for purchase pursuant to the Tender Offer differ from 11 October 2016, the relevant purchase price will be recalculated, all as further described in the Tender Offer Memorandum. 2 For information purposes only, the purchase price for the 2021 Notes will, as determined in the manner described in the Tender Offer Memorandum on the basis of a settlement date of 11 October 2016, be 116.188 per cent. Should the settlement date in respect of the 2021 Notes accepted for purchase pursuant to the Tender Offer differ from 11 October 2016, the relevant purchase price will be recalculated, all as further described in the Tender Offer Memorandum. The Tender Offer, which starts today, will expire on 5 October 2016, subject to the right of the Offeror to extend, re-open, amend and/or terminate it. The settlement date for the Tender Offer is expected to fall on 11 October 2016. Further information on the terms and conditions of the Tender Offer are set out in the Tender Offer Memorandum. Documents are available on Hera website www.gruppohera.it in the Investor Relations section as well as at the authorized storage on website www.1info.it This notice does not constitute an invitation to participate in the Tender Offer in any jurisdiction in which, or to any person to whom, it is unlawful to make such invitation or for there to be such participation under applicable securities laws and regulations. The distribution of this notice or the Tender Offer Memorandum in certain jurisdictions may be restricted by law and regulations. Persons into whose possession this notice comes are required to inform themselves about, and to observe, any such restrictions. Specific restrictions are included in the Tender Offer Memorandum. Press_release_Hera_29092016.1475131480.pdf 2016-09-28 08:48:00 110x150_heraspa.1475082913.jpg

Financial Results

The Board of Directors of Hera S.p.A. has authorised the issuance of new notes aimed at the early partial refinancing of certain outstanding notes

21/09/2016

2016-09-21 Lucrezia_Reichlin_870x320_cs_s1.1479115494.jpg The well-known economist commented on the issue of recovery during the conference dedicated to the presentation of the HERA Group's Sustainability Report, devoted this year to resilience and innovation. The multiutility company has made a significant contribution to the development of smart cities, with seven cities served amongst the top 30 in Italy based on level of innovation. The well-known economist commented on the issue of recovery during the conference dedicated to the presentation of the HERA Group's Sustainability Report, devoted this year to resilience and innovation. The multiutility company has made a significant contribution to the development of smart cities, with seven cities served amongst the top 30 in Italy based on level of innovation. "It is useless to negotiate the flexibility of budget rules: we need to favour the liquidity of the capital held by Italian households and, at European level, an agreement for investments is needed". This was the claim made by Lucrezia Reichlin today at the conference "Resilience and innovation: a strategy for business and the community", organised by the HERA Group to present its Sustainability Report. The well-known Italian economist, a professor at the London Business School, took on the topic of the Eurozone's weak recovery, touching on Italy's traditional delays in innovation, efficiency and investments, which hinder the creation of conditions favourable to sustainable economic development. Sustainability was the real focus of the meeting, which throughout the morning featured the participation of important institutional, economic and academic experts. Presentations were given by, aside from the Group's top management, amongst others, Angelo Rughetti (Under-Secretary of State for Public Administration and Simplification), Valentina Orioli (Councillor for Urban Planning and Environment for the Municipality of Bologna), Francesco Ubertini (Rector of the University of Bologna), Gian Carlo Muzzarelli (Mayor of Modena) and Riccardo Illy (Chairman of the Illy Group). Two words at the very heart of these reflections - resilience and innovation - were used as a basis from which to comprehend the contribution that a multiutility company like Hera can make to the system of the communities it serves and to new development models, made even more urgent by the scenario outlined by Professor Reichlin. In this sense, positive signs emerge from the Sustainability Report of the Group, which in 2015 alone transferred over Euro 1.65 billion in wealth to the areas it serves, performing a fundamental countercyclical function in favour of the local economies, which is even more important considering the significant slowdown in GDP reported by ISTAT in its August monthly report. "If we look at the Group's entire history, from 2002 until today," said Stefano Venier, Hera's CEO, "investments exceed Euro 5 billion: this means that every resident served has received a significant structural contribution in his or her community". On the same wavelength, Chairman Tomaso Tommasi di Vignano also recalled the multiutility company's commitment to promoting and protecting considerable levels of employment: "The Group has more than 8,500 direct employees," he specified, "and in addition to them, there are more than 5,600 jobs created downstream". At the same time, Hera, defined by Reichlin as "an experience of success in a context of crisis", continues to improve its environmental and energy performance, anticipating important European objectives for 2025 (on the recycling of packaging, already at 66%) and 2030 (on the reduction of landfill use, which has declined to 8.6%), with separated collection rising to 55.4% and electricity production from renewable sources exceeding 70%. Confirming its dedication to local development, with more than Euro 127 million invested in the water sector alone in 2015, the Group is increasingly becoming a "healthy carrier of resilience", capable of transmitting its efficiencies to the system in which it is integrated. This is good news for everyone, but especially for the cities served by the multiutility company, seven of which are in the top 30 in Italy due to their level of innovation. This ranking was compiled by EY based on research conducted on 116 provincial capital municipalities and presented during the conference by Francois De Brabant, EY Senior Advisor. Analysing the strengths of the areas in which the HERA Group operates, the study highlighted the contribution its services have made to the development of smart cities. Based on a precise survey of innovation initiatives carried out, using the Smart City Index methodology, the study points to the excellent results achieved by Bologna (1st), Modena (8th), Ravenna (10th), Padua (14th), Forlì (18th), Ferrara (19th) and Rimini (21st), while Udine (31st), Trieste (46th) and Pesaro (50th) also performed well.Hera's contribution makes a difference primarily through waste collection and water cycle management, but it has also had important effects in terms of energy efficiency, smart building (with cogeneration and district heating systems) and renewable energies, without overlooking the 1,250 km of fibre optics available to Hera through the company Acantho. Reichlin, "a European agreement on investments is needed for growth" Reichlin, "a European agreement on investments is needed for growth" 2016-09-23 17:58:50 Bilancio di Sostenibilità

Sustainability

Reichlin, "a European agreement on investments is needed for growth"

Online dal 21/09/2016 alle ore 17:58

20/09/2016

2016-09-20 In_buone_acque_870x_s1.1474534610.1479115082.jpg "In buone acque" ("In good waters"), the complete screening of the Group's water cycle, which provides a snapshot of all of its services, is back. Positive performance on network controls and investments (more than Euro 127 million in 2015). Excellent tap water quality guaranteed by more than 730,000 analyses (2,000 per day), of which over 120,000 in the Bologna area. "In buone acque" ("In good waters"), the complete screening of the Group's water cycle, which provides a snapshot of all of its services, is back. Positive performance on network controls and investments (more than Euro 127 million in 2015). Excellent tap water quality guaranteed by more than 730,000 analyses (2,000 per day), of which over 120,000 in the Bologna area. Tap water: passed with flying colours Thumbs up for the HERA Group's water. Indeed, all indicators came back positive, bearing witness to the Group's commitment to increasingly efficient and sustainable water service management. This can be seen in the facts and figures contained in the eighth edition of In buone acque, the multiutility company's report on tap water, which demonstrate that tap water is both good to drink and safe. In 2015, 736,442 water quality analyses (more than 2,000 per day) were conducted. The results of 99.9% of the controls carried out showed full compliance with legal requirements. The analyses also regarded pesticides and aspects not subject to regulations, such as emerging contaminants and asbestos fibres. Also in these areas, the results confirmed the quality and safety of tap water. Ranked second in Italy by volume of water supplied (300 million cubic metres per year), the Group serves more than 3.6 million residents and 239 municipalities in the Emilia-Romagna, Marche and Triveneto regions. Good, safe water in Bologna:guaranteed by 120,000 analyses in 2015 alone The results can also be seen in theBologna area. Indeed, here Hera serves nearly one million residents through 669 withdrawal points and 9,209 km of water pipelines into which 102 million cubic metres of water is injected every year. These are important figures, accompanied - especially - by the certainty of good, safe water compliant with the law in99.76% of cases. More than 120,000 analyses were carried out in 2015 alone by the HERA Group and local health authorities in the region of Bologna. In this sense, the plant resources deployed by the Group, which has more than 200 purification plants in the Bologna area, play a fundamental role. In the run-up to H2O, the international water exhibition that will be held in the shadow of the famous Towers of Bologna from 19 to 21 October, Bologna area residents can view the water coming out of their home taps with satisfaction and serenity. Act local, think global: water and best practices, in the interest of the environment Never before has a local action - carried out by the company and strengthened by the best practices of residents - been able to contribute towards creating such important global effects, beginning from the reduction in plastic bottles, a particularly significant topic in Italy, which ranks third worldwide after Mexico and Thailand for the per capita consumption of bottled water. In particular, in the area served by the Group, tap water was already chosen by 35% of customers in 2015, thereby avoiding the production, transport and disposal of 245 million plastic bottles (which would fill more than 3 million waste collection bins), as well as the related CO2 emissions. Another 450 million bottles could be avoided. And we should not overlook the possibleeconomic benefits: choosing tap water rather than mineral water provides up to Euro 270 in savings every year for a family of three. Local investments50% higher than the Italian average Not miracles, but lots of work: this is the secret to success. Because managing the water service means handling the most important and fundamental natural resource on which - ultimately - human life itself depends. At the centre of important international programmes on our planet's future, and recognised as a universal human right by the United Nations General Assembly, "blue gold" represents the sector in which the HERA Group has always concentrated the majority of its investments. Indeed, in 2015 alone Euro 127.2 million was invested in a longer term action in which the multiutility company has invested an average of Euro 100 million per year since its founding. In the area served by the Group, investments are around 50% higher than the Italian average (Euro 41 per resident compared to an average of Euro 28). The extent of this commitment, which leads Italy down the proper path to bring its interventions into line with the European average, made it possible to conduct 360° interventions on 35,000 km of water pipeline networks, 18,600 km of sewerage networks, 464 treatment plants and 434 production and purification plants. All of this with a cost of just Euro2 for every thousand litres of tap water, a value that is almost half of the amount paid in other European countries. The hard copy and online report featuring many details and interesting facts So much information available to those who love details. All of the values about water quality, relating to the average concentrations surveyed, can be consulted - area by area - in the report, which will be available again this year in hard copy at the HERA Group customer branches and can already be viewed online at www.gruppohera.it/report, where a series of other focus areas contributes to providing a comprehensive overview of the integrated water service managed by the multiutility company and the domestic and international context in which it operates. The data contained in the report are verified by the independent certification body DNV GL. Fogacci: "a transparent report on our commitment to good, safe and affordable water" "Water is one of the fundamental themes of sustainability", states Franco Fogacci, Hera's Director of Water. - "The attention the Group dedicates to it is based precisely on this awareness and translates into many concrete actions for the consolidation and development of an efficient, safe and sustainable water system, which offers long-term guarantees to the area served". Fogacci continues, "With this report, we aim to continue to promote the transparency that has always made us stand out, while ensuring good, affordable and safe water to the general public, also to support and incentivise best practices in the interest of local communities, the environment and future generations". "Blue" passion: Hera's report on tap water 20160920_in_buone_acque_BO_EN.1479114742.pdf 2016-09-23 17:50:05 In Buone Acque

Sustainability

"Blue" passion: Hera's report on tap water

Online dal 20/09/2016 alle ore 17:50

28/07/2016

Financial Results

Hera Board of Directors approves results for 1H 2016

22/07/2016