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

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

30/04/2024
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.

Hera’s Ordinary and Extraordinary Shareholders Meeting, chaired by Executive Chairman Cristian Fabbri, was held this morning in Bologna to approve the 2023 financial statements and the payment of a dividend increasing to 14 cents per share, in line with what was previously announced during the presentation of the 2027 Business Plan and based on the significant results achieved.

The 2023 Sustainability Report (consolidated non-financial statement prepared pursuant to Legislative Decree 254/2016) was also presented during the Meeting.

 

2023 financial statements approved with record results

The Shareholders Meeting approved the 2023 financial statements, which showed strong growth in the main operating and financial indicators compared to both the previous year and to pre-crisis levels (FY2021).

Among the main results: adjusted Ebitda rose to 1,494.7 million euro (+15.4%) and adjusted net profit attributable to shareholders amounted to 375.2 million euro (+16.5%). Gross operating investments reached 815.8 million euro (+15.0%) and were mainly allocated to innovation and resilience of the assets managed, the circular economy and the energy transition, with concrete projects consistent with the foremost national and international policies. Net debt fell to 3,827.7 million euro, as against 4,249.8 million euro at 31 December 2022. The financial structure thus improved significantly, with the net debt to adjusted Ebitda ratio dropping to 2.56x, compared to 3.28x for the previous year, well below the Group’s prudential parameters.

These results confirm, once again, the sound management strategy implemented by the Group, whose financial strength and flexibility have enabled it to continue along its path of industrial growth, increasing investments, successfully seizing market opportunities and continuing to generate value benefitting all stakeholders.

Dividend payment confirmed, rising to 14 cents per share

The Shareholders Meeting approved the Board of Directors’ proposal to distribute a dividend coming to 14 cents per share, up 1.5 cents over the last dividend paid (+12%). The ex-dividend date was set at 24 June 2024, with payment as of 26 June 2024. The dividend will be paid to the shares recorded on 25 June 2024.

The dividend paid, based on the Hera share price at 31/12/2023, corresponds to an annual return of 4.7%.

A strong focus on generating value for shareholders was thus confirmed. This increase is indeed consistent with the remuneration policy set out in the Business Plan, which foresees an increase in dividends coming to 16 cents per share by 2027, with net earnings per share growing by an average of 7% per year.

Sustainability Report: shared-value Ebitda and investments rise

The 2023 Sustainability Report was also presented during the Shareholders Meeting, showing that improvement in operating and financial indicators goes hand in hand with the Group’s focus on sustainability and creating value in the served areas. In 2023, shared-value Ebitda, which refers to business activities that also respond to the targets on the Global Agenda, rose to 776.0 million euro, up 16% compared to the 670.3 million euro seen in 2022 and corresponding to 52% of overall Ebitda. This result is in line with the path set out in the Business Plan and the goal of reaching over 1 billion euro in 2027 (equivalent to 64% of total Ebitda), along a path that generates concrete benefits for the communities served, alongside the company’s own development. This is also confirmed by the economic value distributed to stakeholders in the areas in which the Group operates, which in 2023 amounted to 2.3 billion euro, up 36%. Shared-value investments also increased, amounting to 558.4 million euro in 2023, equivalent to roughly 69% of total gross operating investments. Moreover, approximately 92% of the investments eligible for the Taxonomy are already aligned with the criteria set out by the European Regulation and thus contributing to environmental objectives including climate change mitigation, circular economy, water resource protection and pollution prevention.

 

Other resolutions approved

The Shareholders Meeting also approved a renewed authorisation for the Board of Directors to purchase treasury shares (and the procedures for their management) having a value of up to 240 million euro for 18 months, at the same time revoking the previous year’s resolution for the non-executed portion. The renewal of the authorisation to use treasury shares was requested in order to pursue the purposes permitted by law and accepted market practices, in order to increase value creation in transactions carried out by Group companies as well, for whom investment opportunities may arise, and for transactions involving the issue of financial instruments.

Lastly, the Shareholders Meeting approved the Report on remuneration policy and compensation paid, in line with international best practices.

Two new directors appointed

The Shareholders Meeting also resolved to reappoint Director Enrico Di Stasi for the remainder of the term of office of the Board of Directors. Di Stasi had in fact been appointed by co-optation by the Board of Directors on 27 September 2023, following the resignation of Director Lorenzo Minganti. Director Di Stasi confirmed that he did not meet the independence requirements of current regulations. The Shareholders Meeting also appointed Director Tommaso Rotella to replace Gabriele Giacobazzi, who passed away on March 3, 2024. Director Rotella has declared that he meets the independence requirements of current regulations and the next Board of Directors will appoint him as Vice Chairman.

Both Di Stasi and Rotella, appointed to replace Directors representing the majority list, will remain in office until the Shareholders' Meeting held to approve the 2025 financial statements.

 

Their CVs can be consulted at
https://eng.gruppohera.it/group_eng/corporate-governance/board-of-directors

Online from 29 April 2024 at 12:53

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06/05/2026
Hera Group and Saipem launch strategic partnership to support the energy transition and circular economy of Italian industry

A collaboration agreement has been signed to support companies and local areas on their path towards the energy transition and circular economy, through innovative solutions that combine sustainability with competitiveness

Saipem, a global leader in the engineering and construction of major projects in the energy and infrastructure sectors, and Hera Group, one of Italy’s leading multi-utilities, have signed a strategic collaboration agreement, initially lasting three years, with the aim of supporting Italian companies in their energy efficiency, decarbonisation and circular economy journeys.

The partnership draws on Saipem’s engineering and technological expertise and Hera Group’s long-standing experience in waste, water and energy services. Both companies share a firm commitment to sustainability and emissions reduction.

The agreement between the two organisations aims to support companies and local areas in the energy transition, offering concrete, integrated solutions to reduce emissions, improve consumption efficiency and enhance resource recovery. Particular attention will be paid to the needs of the most energy-intensive industrial sectors, such as ceramics, glass, paper, chemicals, cement, steel and other industries characterised by processes that are difficult to electrify, all of which face an increasingly complex and challenging path towards Net Zero.
 
Through this partnership, Saipem and Hera Group will make their multidisciplinary expertise available, offering a comprehensive portfolio of technologies and integrated solutions for energy efficiency, renewable energy, hydrogen and carbon capture systems. The objective is to identify, on a case-by-case basis, the most effective energy transition pathway from a technical, energy and economic perspective.

Interested companies will be able to benefit from a free preliminary audit designed to assess the best possible decarbonisation pathway from an energy and economic standpoint, as well as support in evaluating incentive schemes available at national and European level to help make projects feasible. This represents a concrete contribution across the entire energy transition value chain, a rapidly evolving sector that is increasingly strategic for the competitiveness of the production system.

For Saipem, the agreement with Hera Group forms part of its strategy to support the energy transition of the most complex industrial sectors. The partnership enhances the Group’s engineering and technological expertise and its ability to integrate innovative solutions, strengthening Saipem’s role as a technology partner for Italian industry. It also broadens access to solutions for energy efficiency, renewables, hydrogen and CO₂ capture, in line with Saipem’s evolution towards increasingly sustainable business models.

This agreement is fully aligned with the path outlined by Hera Group in its Business Plan to 2029, which envisages €3 billion in investments dedicated to the energy transition and circular economy of local areas and businesses. Also moving in this direction is the cutting-edge project for the capture of CO₂ emissions at the Ferrara waste-to-energy plant, proposed by Hera Group as lead partner in collaboration with Saipem. The project was selected in October 2024 to receive funding under the fourth call for mid-scale projects of the EU Innovation Fund, confirming the multi-utility’s commitment to promoting advanced technologies and strategic partnerships to make a concrete contribution to national and European climate targets.

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

Saipem
Saipem is a global leader in the engineering and construction of major projects in the energy and infrastructure sectors, both offshore and onshore. Saipem is a “One Company” organised into business lines: Asset Based Services, Drilling and Sonsub, Energy Carriers, Offshore Wind and Sustainable Infrastructures. The company has five fabrication yards and an offshore fleet of 17 owned construction vessels and 12 drilling rigs, nine of which are owned. Always focused on technological innovation, the company’s vision is “Engineering for a sustainable future”. For this reason, Saipem is committed every day to supporting its clients on their energy transition journey towards Net Zero, using increasingly digital means, technologies and processes geared towards environmental sustainability. Listed on the Milan Stock Exchange, Saipem operates in more than 50 countries worldwide and employs around 30,000 people of over 130 nationalities.

Website: www.saipem.com

Online from 06 May 2026

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Hera Group and Saipem launch strategic partnership to support the energy transition and circular economy of Italian industry

A collaboration agreement has been signed to support companies and local areas on their path towards the energy transition and circular economy, through innovative solutions that combine sustainability with competitiveness sede Hera 110x150.jpg centrata Saipem, a global leader in the engineering and construction of major projects in the energy and infrastructure sectors, and Hera Group, one of Italy’s leading multi-utilities, have signed a strategic collaboration agreement, initially lasting three years, with the aim of supporting Italian companies in their energy efficiency, decarbonisation and circular economy journeys. The partnership draws on Saipem’s engineering and technological expertise and Hera Group’s long-standing experience in waste, water and energy services. Both companies share a firm commitment to sustainability and emissions reduction. The agreement between the two organisations aims to support companies and local areas in the energy transition, offering concrete, integrated solutions to reduce emissions, improve consumption efficiency and enhance resource recovery. Particular attention will be paid to the needs of the most energy-intensive industrial sectors, such as ceramics, glass, paper, chemicals, cement, steel and other industries characterised by processes that are difficult to electrify, all of which face an increasingly complex and challenging path towards Net Zero. Through this partnership, Saipem and Hera Group will make their multidisciplinary expertise available, offering a comprehensive portfolio of technologies and integrated solutions for energy efficiency, renewable energy, hydrogen and carbon capture systems. The objective is to identify, on a case-by-case basis, the most effective energy transition pathway from a technical, energy and economic perspective. Interested companies will be able to benefit from a free preliminary audit designed to assess the best possible decarbonisation pathway from an energy and economic standpoint, as well as support in evaluating incentive schemes available at national and European level to help make projects feasible. This represents a concrete contribution across the entire energy transition value chain, a rapidly evolving sector that is increasingly strategic for the competitiveness of the production system. For Saipem, the agreement with Hera Group forms part of its strategy to support the energy transition of the most complex industrial sectors. The partnership enhances the Group’s engineering and technological expertise and its ability to integrate innovative solutions, strengthening Saipem’s role as a technology partner for Italian industry. It also broadens access to solutions for energy efficiency, renewables, hydrogen and CO₂ capture, in line with Saipem’s evolution towards increasingly sustainable business models. This agreement is fully aligned with the path outlined by Hera Group in its Business Plan to 2029, which envisages €3 billion in investments dedicated to the energy transition and circular economy of local areas and businesses. Also moving in this direction is the cutting-edge project for the capture of CO₂ emissions at the Ferrara waste-to-energy plant, proposed by Hera Group as lead partner in collaboration with Saipem. The project was selected in October 2024 to receive funding under the fourth call for mid-scale projects of the EU Innovation Fund, confirming the multi-utility’s commitment to promoting advanced technologies and strategic partnerships to make a concrete contribution to national and European climate targets. Hera Group Hera Group is one of Italy’s largest multi-utilities and operates in the environment, energy and water sectors, with over 10,500 employees. More than 7.5 million citizens receive at least one service provided by the Group. Listed since 2003, it is among the top 40 Italian companies by market capitalisation, is included in the FTSE MIB index and has been part of the Dow Jones Sustainability Index since 2020, recently renamed the Dow Jones Best-in-Class Index. https://eng.gruppohera.it/group_eng/ Saipem Saipem is a global leader in the engineering and construction of major projects in the energy and infrastructure sectors, both offshore and onshore. Saipem is a “One Company” organised into business lines: Asset Based Services, Drilling and Sonsub, Energy Carriers, Offshore Wind and Sustainable Infrastructures. The company has five fabrication yards and an offshore fleet of 17 owned construction vessels and 12 drilling rigs, nine of which are owned. Always focused on technological innovation, the company’s vision is “Engineering for a sustainable future”. For this reason, Saipem is committed every day to supporting its clients on their energy transition journey towards Net Zero, using increasingly digital means, technologies and processes geared towards environmental sustainability. Listed on the Milan Stock Exchange, Saipem operates in more than 50 countries worldwide and employs around 30,000 people of over 130 nationalities. Website: www.saipem.com Download Press release Hera Group and Saipem launch strategic partnership .pdf 2026-05-06 sede Hera 110x150.jpg
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Hera, a global leader in sustainability: once again at the top of the Dow Jones Best-in-Class Index

The Group, included for the sixth year in both the Dow Jones Best-in-Class Europe and World Indices, confirms its position as the most sustainable Multi & Water Utility at global level. A further recognition that rewards the results achieved and the Group’s approach to creating shared value for all stakeholders. sede Hera 110x150.jpg centrata According to S&P Global, the Hera Group has once again been ranked the world’s leading company in the Multi & Water Utility sector and has been included, for the sixth consecutive year, in the Dow Jones Best-in-Class Index (formerly known as the Dow Jones Sustainability Index), both at European and global level. This result follows an in-depth assessment of performance across environmental, social and governance (ESG) dimensions. The Dow Jones Best-in-Class Index, a leading international stock market index, comprises listed companies demonstrating the highest performance in Environmental, Social and Governance & Economic dimensions. In particular, the multi-utility has reaffirmed its global leadership in its sector, achieving a score of 83/100 compared with a sector average of 37/100. This recognition rewards the quality of the Group’s sustainability reporting, the results achieved by a company that has always been aware of its role within its operating ecosystem, and its strategy of pursuing the creation of shared value for all stakeholders, in line with its purpose. The Group is considered a best practice across multiple areas: In governance, it stands out for the transparency of its reporting, its careful and effective risk management – including cyber risk – and its exemplary ability to manage the supply chain sustainably; In the environmental dimension, it ranks first for the efficient management of energy in its internal processes and for safeguarding biodiversity in the territories in which it operates, and has distinguished itself in particular for its reporting and management of climate change-related risks and opportunities; In the social dimension, it has achieved the highest global score in respect for human rights, the development of its employees’ human capital, customer engagement, data privacy protection and relations with local communities. These assessments confirm the aspects most highlighted by analysts: a company capable of combining economic growth with sustainable development, continuing to generate value for its stakeholders and not only for shareholders. This is also evidenced by a shared value EBITDA, which rose in 2025 to 60% of Group EBITDA (in line with the 2029 target of 68% set out in the business plan), and by an expected double-digit average annual Total Shareholder Return. Listed since 2003 and included in the FTSE MIB since 2019, Hera stock has been part of the Dow Jones Best-in-Class Index Europe & World (formerly the Dow Jones Sustainability Index) and the FTSE4Good Index since 2020, and is also included in the Italian ESG MIB blue-chip index dedicated to best ESG practices. For a decade, the Group has been included in the FTSE Diversity & Inclusion Index Top 100 and, in 2025, reached the global Top 10, according to FTSE Russell certification, in recognition of its commitment to promoting diversity, inclusion and people development. Furthermore, for the past five years it has ranked among the top three companies in the ESG Identity Corporate Index, acknowledging the full and conscious integration of sustainability policies into its governance and business strategies. Download Press release Hera at the top of Dow Jones Best-in-Class Index.pdf 2026-05-04 sede Hera 110x150.jpg
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29/04/2026
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Hera Shareholders’ Meeting: 2025 financial statements approved and dividend increased to 16 eurocents. New Board of Directors appointed

The multi-utility continues on its growth path and value creation for shareholders and local areas served. Executive Chairman Cristian Fabbri and Chief Executive Officer Orazio Iacono have also been reappointed to the Board of Directors for the next three-year term. sede Hera 110x150.jpg centrata The Ordinary Shareholders’ Meeting of Hera, chaired by Cristian Fabbri, was held this morning in Bologna. It approved the Annual Financial Report as at 31 December 2025, including the Consolidated Sustainability Statement, and the distribution of an increased dividend of 16 eurocents per share, as already announced when the Business Plan to 2029 was presented. Among the various resolutions adopted, the Shareholders’ Meeting also appointed the members of the Board of Directors and the Board of Statutory Auditors for the next three-year term. Approval of the 2025 financial statements, with net profit attributable to shareholders up 4% The Shareholders’ Meeting approved the results as at 31 December 2025, which once again confirm the company’s financial solidity and its increasing value creation for all stakeholders. The main results include: EBITDA of €1,537.2 million, slightly down compared with €1,587.6 million as at 31 December 2024, mainly due to extraordinary margins linked to temporary, non-recurring opportunities recorded in the previous year, relating to last-resort markets and the ecobonus. Net of these effects, the 2025 EBITDA shows growth of 4.5%; Net profit attributable to shareholders of €464.3 million, up 3.9% on a like-for-like basis compared with 2024, which benefited from extraordinary items relating to the exercise of the put option by Ascopiave, following which the Hera Group came to hold 100% of EstEnergy, one of the leading energy operators in North-East Italy; gross operating investments of €1,028 million, up 19.5%, mainly in the water cycle and waste areas. These investments are dedicated to projects aimed at enabling the energy transition and circular economy, in line with the strategy set out in the Business Plan and with the Net Zero target by 2050, confirming the Group’s ongoing focus on innovation, enhancement and strengthening the resilience of its infrastructure; Net debt/EBITDA ratio of 2.57x. The total value of Net financial position amounts to €3,944.4 million, broadly in line with the figures recorded as at 31 December 2024. shared-value EBITDA and investments increased respectively to €915.6 million, up 7%, and €810.9 million respectively, equal to 78% of total investments, confirming the commitment to sustainability and value creation in the areas served; €672.2 million of investments aligned with the European Taxonomy, equal to 64% of total gross operating investments; economic value distributed to stakeholders in the areas served, including shareholders, local communities, public administration, suppliers and employees, amounted to €2,102 million, with more than €11.5 billion expected overall over the five-year period 2025-2029. All the figures demonstrate the validity of the management policies implemented by the Group, which have made it possible to respond effectively to the complexities of the external scenario, seize new opportunities and generate value for the company and all stakeholders, while at the same time promoting sustainable development in line with the objectives of the UN Agenda. Distribution of an increased dividend of 16 eurocents per share The Shareholders’ Meeting approved the proposal of the Board of Directors to distribute a dividend of 16 eurocents per share, before statutory withholding taxes, up 6.7% compared with the last dividend paid and higher than the forecast in the previous Business Plan, which was 15.5 eurocents. This increase will feed through to the entire dividend policy over the plan period, reaching 19 eurocents per share in 2029. The ex-dividend date for coupon no. 24 will be 22 June 2026, with payment from 24 June 2026. The dividend will be payable on shares held as at the record date of 23 June 2026. Based on Hera’s share price as at 31 December 2025, the dividend paid corresponds to an annual yield of 4%. Renewal of the Board of Directors and the Board of Statutory Auditors The Board of Directors and the Board of Statutory Auditors were also renewed for the next three-year term, expiring with the Shareholders’ Meeting that will approve the 2028 financial statements. Following the vote, the following directors were appointed: Cristian Fabbri, Orazio Iacono, Tommaso Fabbri, Roberta Calderisi, Fabio Bacchilega, Gianni Bessi, Enrico Di Stasi, Fabrizio Toselli, Benedetta Brighenti, Vanessa Camani and Marina Monassi, drawn from majority list no. 1, representing the shareholders’ agreement of Hera’s public shareholders, who together hold 40.91% of Hera’s share capital; Francesco Perrini, Paola Schwizer and Alice Vatta, drawn from minority list no. 3, submitted by Studio Legale Trevisan e Associati on behalf of numerous investment fund management companies, which together hold 1.07152% of Hera’s share capital; Bruno Tani, drawn from minority list no. 2, submitted by Gruppo Società Gas Rimini S.p.A., which holds 2.065825% of Hera’s share capital. Tommaso Fabbri, Roberta Calderisi, Fabio Bacchilega, Fabrizio Toselli, Benedetta Brighenti, Vanessa Camani, Marina Monassi, Francesco Perrini, Paola Schwizer, Alice Vatta and Bruno Tani declared that they meet the independence requirements set out in Article 148, paragraph 3, of Legislative Decree 58/1998 and in the Corporate Governance Code. The curricula vitae of the new directors are available at: https://eng.gruppohera.it/group_eng/corporate-governance/board-of-directors As regards the Board of Statutory Auditors, the following auditors were appointed: Sonia Dall’Agata and Giovanni Rocco di Torrepadula, standing auditors, and Susanna Giuriatti, alternate auditor, drawn from majority list no. 1, representing the shareholders’ agreement of Hera’s public shareholders; Giacinto Gaetano Sarubbi, Chairman, and Silvia Mignatti, alternate auditor, drawn from minority list no. 3, submitted by Studio Legale Trevisan e Associati on behalf of numerous investment fund management companies. The curricula vitae of the new auditors are available at: https://eng.gruppohera.it/group_eng/corporate-governance/board-of-statutory-auditors Pursuant to current legislation and the Articles of Association, gender balance requirements were complied with. Other resolutions approved The Shareholders’ Meeting also approved the renewal of the authorisation granted to the Board of Directors to purchase treasury shares, and the methods for disposing of them, up to a rotating maximum limit of 60,000,000 shares and for a total amount of up to €270 million, for 18 months from today’s date, with the related revocation of the previous resolution passed last year for the unexecuted portion. The renewal of the authorisation to use treasury shares was requested in order to pursue the purposes permitted by law and accepted market practices, with a view to increasing value creation for shareholders, including in the context of transactions also carried out by Group companies where investment opportunities arise, and for transactions involving the issue of financial instruments. Lastly, the Shareholders’ Meeting approved the first section and voted in favour of the second section of the Report on remuneration policy and compensation paid, in line with international best practice. Executive Chairman, Deputy Chairman and Chief Executive Officer appointed The inaugural meeting of Hera’s Board of Directors, appointed in the morning by the Shareholders’ Meeting, was held in Bologna in the afternoon. The Board appointed the Chairman, Deputy Chairman and Chief Executive Officer. Cristian Fabbri was reappointed as Executive Chairman, while Orazio Iacono was reappointed as Chief Executive Officer. Tommaso Fabbri was appointed Deputy Chairman, in a non-executive capacity. An expert in the sector and in corporate organisation, he is currently Full Professor of Business Organisation at the University of Modena and Reggio Emilia (Unimore), where he is Deputy Director of the E4E Doctoral School, Economics and Engineering. In the past, he was Director of the “Marco Biagi” Department of Economics and Director of the PhD programme in Labour, Development and Innovation. Download press release Shareholders_meeting Hera2026.pdf 2026-04-29 16:29:00 sede Hera 110x150.jpg
Online since 29/04/2026 at 16:29
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07/04/2026
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Minority lists for the appointment of the Board of Directors and the Board of Statutory Auditors published

sede Hera 110x150.jpg centrata The minority lists containing candidates for the appointment of the Board of Directors and the Board of Statutory Auditors, accompanied by the respective documents required by current norms, registered within the deadline by shareholders in light of the Shareholders Meeting called for 29 April 2026, are available to the public at the Company headquarters, on Hera Group’s website (https://eng.gruppohera.it/group_eng/corporate-governance/shareholders-meetings), and on the authorised storage website 1INFO (www.1Info.it). Download Press release 20260408 Pubblication of minority lists of candidates.pdf 2026-04-08 17:50:00 sede Hera 110x150.jpg
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07/04/2026
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Publication of the Draft Separate and Consolidated Financial Statements as of 31.12.2025, the Corporate Governance Report, and the Report on Remuneration and Compensation Paid

sede Hera 110x150.jpg centrata Kindly note that the folder containing the draft Separate Financial Statements and Consolidated Financial Statements as of 31/12/2025, including the Report of the Board of Statutory Auditors and the Report of the Independent Auditors has been made available to the public at the company headquarters, on the website https://eng.gruppohera.it/ and on the authorised storage platform 1INFO (www.1Info.it). In the same way, the Corporate Governance Report and the Report on Remuneration Policy and Compensation Paid are also available. Download Press release Press release Financial Statements FY2025.pdf 2026-04-07 17:28:00 sede Hera 110x150.jpg
Online since 07/04/2026 at 17:28
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27/03/2026
Shareholders’ meeting
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Publication of documents pertaining to the Shareholders Meeting to be held on 29 April 2026

sede Hera 110x150.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 2 on the agenda Hera S.p.A. Board of Directors’ Explanatory Report regarding item 3 on the agenda Hera S.p.A. Board of Directors’ Explanatory Report regarding item 4 on the agenda 2026-03-27 11:48:00 sede Hera 110x150.jpg
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25/03/2026
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Hera Group approves results at 31/12/2025

The year closed with a 4% increase in net profit attributable to shareholders and a 20% rise in investments. Value creation for all stakeholders and a solid capital structure once again confirm the Group’s ability to combine business growth with sustainable development. The proposed dividend increases to 16 euro cents per share, up 6.7%.
Online since 25/03/2026 at 13:01
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24/03/2026
Shareholders’ meeting
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Majority lists published for the appointment of the Board of Directors and the Board of Statutory Auditors

sede Hera 110x150.jpg centrata The majority lists of candidates for the appointment of the Board of Directors and the Board of Statutory Auditors, accompanied by the relevant documentation required by the regulations in force, registered within the deadline by shareholders in light of the Shareholders Meeting called for 29 April 2026, are available to the public at Group’s headquarters, in the dedicated section of the company’s website (https://eng.gruppohera.it/group/corporate_governance/shareholders_meetings/) and on the authorised storage mechanism 1INFO, which can be accessed at www.1Info.it. 2026-03-24 09:23:00 sede Hera 110x150.jpg
Online since 24/03/2026 at 09:23
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16/03/2026
M&A
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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.
Online since 16/03/2026 at 12:49
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09/03/2026
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Hera Group acquires control of SEA

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
Online since 09/03/2026 at 11:44
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04/03/2026
Shareholders’ meeting
Hera Spa

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

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
Online since 04/03/2026 at 16:50
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03/03/2026
Shareholders’ meeting
Hera Spa

Publication of documents pertaining to the Shareholders Meeting to be held on 29 April 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
Online since 03/03/2026 at 09:45
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18/02/2026
Hera Spa
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Hera Group: best Multi & Water Utility according to S&P

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
Online since 18/02/2026 at 10:18
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27/01/2026
Shareholders’ meeting
Price sensitive
Hera Spa

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

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
Online since 27/01/2026 at 09:31
26/01/2026
Shareholders’ meeting
Price sensitive
Hera Spa
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CALENDAR OF CORPORATE EVENTS (*)

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
Online since 26/01/2026 at 13:10
Press releases
21/01/2026
Price sensitive
Financial Results
Hera Spa
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
Press releases
19/01/2026
Price sensitive
M&A
Hera Spa

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
Press releases
15/01/2026
Hera Spa

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

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
Online since 15/01/2026
Press releases
14/01/2026
Price sensitive
M&A
Hera Spa

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
Press releases
15/12/2025
Price sensitive
Hera Spa
Other press releases

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

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Hera SpA, Viale Carlo Berti Pichat 2/4, 40127 Bologna, Tel.051287111 www.gruppohera.it

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