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Hera Group BoD approves results for 1Q 2024

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.”

“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

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16/03/2026

Hera Group finalises the acquisition of the Sostelia Group and becomes Italy’s leading player in water treatment

The integration further strengthens the multi-utility’s position in both municipal and industrial water treatment, while activating strong commercial synergies with its subsidiary Herambiente. The transaction, with a total value of €138 million, is expected to contribute more than €20 million to the growth of the Hera Group’s EBITDA.

A group rooted across Northern Italy
Today the Hera Group has finalised the acquisition of 100% of STA Società Trattamento Acque S.p.A., based in Mantua, together with its subsidiaries: NTW (Cornuda – Treviso), CID (Colloredo di Monte Albano – Udine), NPC (Marene – Cuneo), Trentino Acque (Lavis – Trento), COMS (Talmassons – Udine) and Acque della Concordia (Mantua).
Taken together, these companies form the Sostelia Group, which, thanks to the distinctive expertise of its entities, ranks among Italy’s leading private players in the water treatment sector, offering advanced technologies, research and development capabilities, and high-level technical know-how. The sale was carried out for 65% by Xenon Fidec, an impact private equity fund managed by Xenon AIFM, and for the remaining 35% by entrepreneurs, minority shareholders of STA who, starting in August 2023, had transferred the entire share capital of the individual companies to the fund.

Signing completed following the successful verification of the conditions precedent
Today’s closing follows the successful verification of all conditions precedent set out in the binding agreement signed on 19 January and announced on the same date. These included, among other things, the prior divestment of 100% of Smart SEA, a company excluded from the scope of the transaction.

The Sostelia Group’s key figures
The Sostelia Group manages more than 1,200 treatment plants, serves over 1,200 active clients, employs around 350 people and has a turnover of approximately €100 million. Around 70% of its activities are focused on industrial clients.

A leading player in water treatment is born
Through this acquisition, the Hera Group further strengthens its positioning both the Water and Waste sectors, in the treatment of municipal and industrial water – an area that is highly synergistic with its activities.
As outlined in greater detail in the press release issued when the binding agreement was signed, with this acquisition the Hera Group becomes the reference player in Italy in water treatment, with an integrated offer across the entire supply chain.: from design and construction to operation and maintenance, through to the treatment and disposal of liquid waste and sludge associated with purification processes.

Economic rationale: enterprise value of €138 million and more than €20 million contribution to EBITDA
The transaction has an enterprise value of €138 million and is expected to generate a contribution of more than €20 million to the growth of the Hera Group’s consolidated EBITDA, in addition to the value of the expected integration synergies.

Advisors involved in the transaction
In the transaction, Hera was advised by PwC as strategic advisor and by GA-Alliance for legal matters, while Xenon was advised by Rothschild & Co. as financial advisor, by LCA for legal matters, and by Deloitte Financial Advisory and Fortlane Partners.

The Hera Group is one of Italy’s largest multi-utilities and operates in the environmental, energy and water sectors, with more than 10,500 employees. Over 7.5 million citizens receive at least one service provided by the Group. Listed since 2003, Hera ranks among the top 40 Italian companies by market capitalisation (it is part of the FTSE MIB index) and since 2020 has been included in the Dow Jones Sustainability Index (recently renamed the Dow Jones Best-in-Class Index). https://eng.gruppohera.it

Xenon FIDEC is one of the first Italian sustainable private equity funds, in compliance with Article 9 of the SFDR Regulation. It supports entrepreneurs and companies in building Italian leaders active in the energy and ecological transition, and is managed by Xenon AIFM S.A., an alternative investment fund manager authorised by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. For thirty years, Xenon has worked alongside family-owned businesses to manage transformation projects aimed at driving growth, mainly through buy-and-build strategies.

The Sostelia Group was created through an aggregation strategy promoted by the Xenon FIDEC fund, launched in 2023, bringing together companies that provide design, construction and maintenance solutions for water treatment plants. The minority stake is held by the entrepreneurs representing the various companies acquired during the build-up process. Today, the Group represents an important Italian private player in the sector, capable of offering biological and physico-chemical treatment plants, zero-discharge systems, and technologies for the treatment of primary and process water as well as liquid waste.

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PR Hera Group finalises the acquisition of the Sostelia

Online from 16 March 2026 at 12:49

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16/03/2026

M&A

Online since 16/03/2026 at 12:49

Hera Group finalises the acquisition of the Sostelia Group and becomes Italy’s leading player in water treatment

09/03/2026

M&A

Through Herambiente Servizi Industriali, national leader in industrial waste treatment, the multi-utility increases its stake in the Ancona-based operator to 83%. A significant opportunity for the local area, with employment expected to double

Hera Group acquires control of SEA

Online since 09/03/2026 at 11:44

04/03/2026

sede Hera 110x150.jpg centrata Hera S.p.A.’s public shareholders syndicate committee, chaired by the Mayor of Modena, Massimo Mezzetti, met today in Bologna. The Committee approved the list of candidates for the positions of members of the Board of Directors and the Board of Statutory Auditors to be proposed for appointment at the Shareholders’ Meeting scheduled for 29 April 2026. In accordance with regulations, the lists will be made public by 8 April. The Committee also confirmed Cristian Fabbri as Executive Chairman and Orazio Iacono as Chief Executive Officer for the 2026–2029 term. The list of candidates will now be submitted to the Shareholders’ Meeting, which will be called to vote on the renewal of the company’s governing bodies for the upcoming mandate. 2026-03-04 16:50:00 sede Hera 110x150.jpg

Hera S.p.A. Shareholders’ Syndicate Committee: Cristian Fabbri and Orazio Iacono confirmed in top roles

Online since 04/03/2026 at 16:50

03/03/2026

sede Hera 110x150 (1).jpg centrata Kindly note that the following documentation, pertaining to the Shareholders Meeting convened for 29 April 2026, is available to the public at the Company headquarters, on the authorised storage website 1INFO (www.1Info.it) and on Hera Group’s website (https://eng.gruppohera.it/group_eng/corporate-governance/shareholders-meetings): Hera S.p.A. Board of Directors’ Explanatory Report regarding item 5 on the agenda Hera S.p.A. Board of Directors’ Explanatory Report regarding item 6, 7, 8 and 9 on the agenda 2026-03-03 09:45:00 sede Hera 110x150 (1).jpg

Publication of documents pertaining to the Shareholders Meeting to be held on 29 April 2026

Online since 03/03/2026 at 09:45

18/02/2026

For the sixth consecutive year, Hera has been included in the S&P Global Sustainability Yearbook, ranking in the “Top 1%” of the world’s best-performing companies in its sector, with outstanding results particularly in governance and social performance

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Hera Group: best Multi & Water Utility according to S&P

Online since 18/02/2026 at 10:18

27/01/2026

sede Hera 110x150.jpg centrata Please note that the document entitled “Guidance from the Board of Directors of Hera S.p.A. to shareholders on the composition of the Board of Directors” was published today and is available on the Company’s website at the page: https://eng.gruppohera.it/group_eng/corporate-governance/shareholders-meetings and on the authorised storage platform 1INFO (www.1Info.it) Download the press release 20260127 PR Guidance from the BoD of Hera S.p.A. to shareholders on the composition of the BoD.pdf 2026-01-27 09:31:00 sede Hera 110x150.jpg

Guidance from the Board of Directors of Hera S.p.A. to shareholders on the composition of the Board of Directors

Online since 27/01/2026 at 09:31

26/01/2026

centrata In accordance with art. 2.6.2 (Required Reporting) of the “Rules of the markets organised and managed by Borsa Italiana S.p.A.", please find below our annual calendar of corporate events: 25 March 2026 – Meeting of the Board of Directors to approve the previous year’s preliminary financial statements. 29 April 2026 – Shareholders’ Meeting to approve the previous year’s financial statements. 13 May 2026 – Meeting of the Board of Directors to approve additional financial information for the period ending on 31 March 2026. 29 July 2026 – Meeting of the Board of Directors to approve the half-year financial report as at 30 June 2026. 11 November 2026 – Meeting of the Board of Directors to approve additional financial information for the period ending on 30 September 2026. The Board of Directors, as communicated for the previous financial year and in line with the past, in order to guarantee regularity in the information provided to the financial market and investors, has decided to continue preparing and publishing this information quarterly, on a voluntary basis and in line with current regulations. (*) barring changes See the press release 20260126 HERA CALENDAR OF CORPORATE EVENTS 2026.pdf 2026-01-26 13:10:00 sede Hera 110x150.jpg

Other press releases

CALENDAR OF CORPORATE EVENTS (*)

Online since 26/01/2026 at 13:10

Price sensitive release

The Hera Group presents its Business Plan to 2029

Development, resource regeneration, carbon neutrality, resilience, and the creation of shared value for all stakeholders are reconfirmed as the strategic axes underpinning the new Plan, which allocates more than 5.5 billion euros in investments over the five-year period, leveraging innovation and digitalisation. The positive preliminary results for 2025 and the new targets of the Plan allow for an upward revision of the dividend policy

Online since 21/01/2026 at 13:14

Hera Group acquires Sostelia and becomes Italy’s leading player in water treatment

With this integration, the multiutility further strengthens its positioning also in the industrial and civil water treatment sector, activating strong commercial synergies with its subsidiary Herambiente and focusing on research and development, innovation, and technical know-how as distinctive levers for medium- to long-term growth. The transaction, with a total value of €138 million, is expected, once fully operational, to contribute over €20 million to the consolidated EBITDA growth of the Hera Group.

Online since 19/01/2026 at 14:23

15/01/2026

For the seventeenth consecutive year, the company is confirmed among the leading organisations for human resources management, in particular thanks to its distinctive welfare, training and skill development programmes. img_110x150_topemployer2026 (5).jpg centrata The Hera Group has once again been ranked among the best Italian companies for people management and development policies, obtaining the Top Employer certification for the seventeenth year running. This is one of the most prestigious international awards for companies meeting high standards in human resources management. It is awarded by the Netherlands-based Top Employers Institute, a global authority on HR excellence, following a meticulous and increasingly demanding annual audit of specific criteria, including remuneration, working conditions, career opportunities, corporate culture, and the training and development of people. The award recognises the Hera Group’s strategic commitment to continuous learning and organisational wellbeing, in a landscape where career longevity, talent attraction and generational inclusion are increasingly critical. With over 10,500 employees, 96% of whom are employed on permanent contracts, Hera distinguishes itself through an HR model founded on flexible welfare, 360-degree wellbeing, professional growth, the enhancement of uniqueness and a strong cultural identity. Furthermore, the Group’s multi-business nature represents a significant benchmark on the national stage, offering diverse career paths and the opportunity to develop new skills within the same organisation. Among the various national and international awards obtained, the following are worthy of notice: the Diversity & Inclusion Index, compiled by FTSE Russell (a London Stock Exchange Group company), which ranks Hera as the only Italian company in the global Top 10; the Dow Jones Sustainability Index, the prestigious international stock market index that includes listed companies with the best performance across Environmental, Social, and Governance & Economics (ESG) dimensions. Hera has been a member for five years and is included in both the World and European indexes. In addition, the multi-utility has obtained the UNI/PdR 125:2022 gender equality certification, a major recognition involving eleven Group companies, which confirms the commitment to creating an inclusive corporate culture focused on its people. For the Hera Group, continuous training is a cornerstone of its ‘people strategy’: thanks to an annual investment of approximately €15 million, over 97% of employees participate in at least one training initiative, averaging 30 hours per capita. A central role is played by HerAcademy, the Group’s corporate university, which aims to support the energy, environmental, digital and technological transitions through innovative programmes and ongoing dialogue with academia. Longevity is another theme on which the multi-utility is working specifically. With an average employee age of 46.5 years, Hera has moved from having two to four generations coexisting in the workplace. This entails greater complexity but also greater opportunities. The challenge lies in creating an attractive work environment for all generations, stimulating intergenerational dialogue and allowing people of all ages to express their potential, thereby contributing optimally to the achievement of corporate goals. On the welfare front, Hera allocates €23 million annually to its Hextra system, which involves 99% of the workforce. The scheme offers, among other opportunities, initiatives for parenting support, health and pension services, and programmes dedicated to psychological and financial wellbeing. Among the main levers for organisational development, Hera has recently introduced a new leadership model oriented towards purpose and widespread accountability. Employee satisfaction, measured in a recent dedicated survey, and a turnover rate among the lowest in the sector, confirm the solidity of the path the company has taken. In the last three years, the Hera Group has hired over 3,900 people, including insourcing, coupled with growing investments in training, process digitisation and the development of skills geared towards sustainability and circularity. Recruitment is expected to remain at these levels for the coming years. «Our corporate purpose is rooted in a broader conviction: that the appreciation and satisfaction of the people who work in our Group are essential to ensuring the growth and solidity of the company and, at the same time, to providing increasingly better services, with positive environmental and economic impacts for the areas we serve», said Cristian Fabbri, Executive Chairman of the Hera Group. «The pillars of the Good Work Deal are fully aligned with our purpose: health and safety; integrated supply chains and tenders; equity and inclusion; wellbeing, professional development and productivity; sustainability and shared value. Within these areas, we make concrete commitments, keeping the people of the Hera Group firmly at the centre. Our model aims to be a bridge to the future, responding effectively to the ongoing evolutions in the labour market through a just transition, where all stakeholders participate in creating sustainable development and benefit from this growth». In 2026, the Top Employers Institute certified nearly 2,500 organisations, including the Hera Group, across 131 countries/regions. These certified companies have a positive impact on the lives of over 14 million employees worldwide. Adrian Seligman, CEO of the Top Employers Institute, commented: «The achievement of the Top Employer certification for 2026 reflects the Hera Group's commitment to creating an outstanding work environment that enables lasting business performance. Its strong alignment between personnel strategy and organisational goals, combined with a commitment to continuous improvement, demonstrates the impact of its transformative practices. We are proud to reward the Hera Group for its significant contribution to a better world of work in Italy». 2026-01-15 img_110x150_topemployer2026 (4).jpg

Hera remains a Top Employer: people, skills and innovation to drive the Group’s strategy

Online since 15/01/2026

Hera Group on negotiations to acquire Sostelia

sede Hera 110x150.jpg centrata With reference to certain rumors published today in Il Sole 24 Ore, the Hera Group specifies that negotiations are ongoing for the acquisition of a significant company perimeter of Sostelia Group, the main private Italian player in industrial and civil water technologies and treatment, controlled by Xenon Fidec. Hera will promptly inform the market, in accordance with the law and regulations, regarding any possible signing of a binding agreement. 2026-01-14 07:36:00 sede Hera 110x150.jpg

Online since 14/01/2026 at 07:36

Hera Group wins the EIPM – Peter Kraljic Award 2025, the international award for excellence in procurement

The multi-utility is among the six organizations worldwide selected in the 16th edition of the award established by the European Institute of Purchasing Management, recognized as a benchmark in the “Virtuous Ecosystem Leader” category.

Online since 15/12/2025 at 17:11

Hera Group and Caviro together until 2035 with Enomondo, a joint venture that sets an example in agri-food waste recovery

A new ten-year agreement has been signed between subsidiaries Herambiente and Caviro Extra for joint management of composting, cogeneration and photovoltaic plants: every year, over 230,000 tonnes of biomass are transformed into energy and natural fertilisers. Further investments have been planned to reduce emissions and increase the value of the products. This shared Emilia-Romagna industrial model is thus confirmed as an exemplary case of symbiosis between the waste management and wine-growing sectors.

Online since 09/12/2025 at 12:39

03/12/2025

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

COMMUNICATION OF THE OVERALL AMOUNT OF VOTING RIGHTS

Online since 03/12/2025 at 12:46

Hera Group boosts innovation in its own assets through Corporate Venture Building

The Group has launched a new programme intended to scale up development in its own innovations and bring them to the market, one of the first of its kind in the Italian energy sector. NexSuite, an asset portfolio for gas distribution network security, is now presented in Bilbao at the Enlit international trade fair

Online since 19/11/2025 at 11:20

Price sensitive release

Hera Group: BoD approves results for 3Q 2025

The first nine months of the year closed with strong growth in revenue and investments, and with all key operating and financial indicators positive, in line with the first two quarters and the targets set out in the Business Plan. The 4.2% increase in net profit attributable to shareholders confirms not only the Group’s solidity and the effectiveness of its multi-business industrial strategy, but above all its ability to combine internal business growth with a positive return on invested capital.

Online since 12/11/2025 at 12:28

13/10/2025

For the tenth consecutive year, the multi-utility is ranked among the 100 most inclusive companies worldwide and reaches 10th place overall—first among Italian companies—in FTSE Russell’s (formerly Refinitiv) international index, which assesses more than 16,500 listed companies.

Other press releases

Hera Group in the global Top 10 of the Diversity & Inclusion Index - No. 1 among Italian companies

Online since 13/10/2025 at 12:09

08/10/2025

M&A