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Hera Shareholders Meeting: 2024 financial statements approved and dividend increases to 15 eurocents

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Hera Shareholders Meeting: 2024 financial statements approved and dividend increases to 15 eurocents

30/04/2025
Hera Shareholders Meeting: 2024 financial statements approved and dividend increases to 15 eurocents

The Group’s process of industrial growth continues, closing 2024 with key operating-financial indicators and investments rising, continuing to successfully seize market opportunities and generate value for the local areas served and all stakeholders

The Hera Extraordinary and Ordinary Shareholders Meeting, chaired by Executive Chairman Cristian Fabbri, met this morning in Bologna to approve the 2024 financial statements and payment of a dividend increasing to 15 eurocents per share, in line with what had been previously announced when the 2028 Business Plan was presented, due to the significant results achieved.
Also presented to Shareholders Meeting was the Sustainability reporting which, as of this year, is an integral part of the consolidated and separate financial statements at 31 December 2024, as required by the Corporate Sustainability Reporting Directive (CSRD) 2022/2464/EU.
Among the various resolutions passed, the Shareholders Meeting also approved an amendment to the Articles of Association, in compliance with Legislative Decree 125/2024 implementing the CSRD.

Amendment of Article 29 of the Articles of Association: new position of Manager responsible for Sustainability reporting
As part of the European Green Deal, in order to strengthen companies’ reporting obligations, Legislative Decree 125/2024 introduced the possibility of establishing the position of the Sustainability reporting manager. The Shareholders Meeting therefore approved the amendments of the Articles of Association aimed at regulating the procedures for appointment and the requirements concerning experience and professionalism for this new figure, in compliance with current legislation.

2024 financial statements approved with further growth in key indicators
The Shareholders Meeting approved the 2024 financial statements, which indicate increases in the main operating and financial indicators and investments. The creation of value for all stakeholders and the Group’s solid equity once again prove the validity of its multi-business model and its ability to combine corporate growth and sustainable development.
Among the main results: adjusted Ebitda rose to 1,587.6 million euro (+6.2%), mainly showing internal and structural growth, and the adjusted net profit attributable to shareholders increased sharply, reaching 494.5 million euro (+31.8%). Total operating investments grew to 860.3 million euro (+5.5%), an increase that demonstrates the ongoing focus on developing, enhancing and strengthening the resilience of assets under management, whose resistance was confirmed even during the extreme weather and climate phenomena that hit Emilia-Romagna last autumn.
Net debt stood at 3,963.7 million euro, as against 3,827.7 million euro at 31 December 2023, mainly as a result of growth in investments and M&A transactions, including the acquisition of 70% of TRS Ecology. The Group’s financial strength was fully confirmed, with the net debt / Ebitda ratio* at 2.50x, an improvement on both the third quarter of 2024 and the figure seen at 31 December 2023. These results prove, once again, the validity of the management policies implemented by the Group, whose solid equity and financial flexibility have enabled it to continue on its path of industrial growth, by increasing investments, successfully seizing market opportunities and continuing to generate value for the benefit of all stakeholders.

Payment of a dividend increasing to 15 euro cents per share approved
The Ordinary Shareholders Meeting approved the Board of Directors’ proposal to pay a dividend coming to 15 eurocents per share, up 7.1% compared to the last dividend paid. The ex-dividend date was set at 23 June 2025, with payment as of 25 June 2025. The dividend will be paid to shares recorded on 24 June 2025.
The entire dividend policy for the next few years will benefit from this increase, which once again confirms the Group’s strong focus on generating value for shareholders. This rise is also consistent with the remuneration policy set out in the 2024-2028 Business plan, which foresees growth in dividends coming to 17 eurocents per share by 2028, with net profit per share increasing by an average of 6% each year.

Sustainability reporting: growth in shared value Ebitda and investments
During the presentation of the 2024 financial statements, the Hera Group’s Sustainability reporting was also put to the attention of the Shareholders Meeting. In accordance with the CSRD and the European Sustainability Reporting Standards (ESRS), as of this year it is an integral part of the Directors’ report and contains all information needed to understand the company’s impact on sustainability issues and how they affect its performance and results.
As confirmation of Hera’s commitment to sustainability and creating value in the areas served, in 2024 shared-value Ebitda (CSV Ebitda), referring to business activities that also meet the sustainability objectives of the Global Agenda, rose to 856.6 million euro, up 10% from 776.0 million euro in 2023, and equivalent to 54% of the Group’s total Ebitda. This result is in line with the significant increase CSV Ebitda expected in the Business plan, projected to reach over 1,100 million euro in 2028, equivalent to 66% of the Group’s 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 local areas in which Hera operates, which reached 2.1 billion euro in 2024.
Shared-value investments also rose, up from 558.4 million euro in 2023 to 655.1 million euro in 2024, and accounting for about 76% of total gross operating investments. Moreover, 90% of the investments eligible for the Taxonomy of environmentally sustainable activities are already aligned with the criteria of this European regulation, and are thus able to make a substantial contribution to environmental goals including climate change mitigation, circular economy, water resource protection and pollution prevention.

Other resolutions approved
The Shareholders Meeting, in its ordinary session, approved the report on the remuneration policy and compensation paid, in line with international best practices.
A supplement to the remuneration of KPMG, the external auditing firm, was also approved due to changes in the scope of business, regulatory changes and revised auditing standards compared to those in force in 2022, when KPMG was appointed for the period 2024-2032.
Lastly, the Shareholders Meeting approved the renewal of the Board of Directors’ authorisation to purchase treasury shares (and procedures for their management), for an amount of up to 240 million for 18 months, with the revocation of last year’s resolution for the portion not executed. The renewal of the authorisation to use treasury shares was requested in order to pursue the purposes permitted by regulations and accepted market practices, in order to increase the creation of value, within the scope of transactions carried out by Group companies as well, for which investment opportunities may arise, and for transactions involving the issue of financial instruments.

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Online from 30 April 2025 at 12:57

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16/06/2026
Eni and Hera: the Environmental Hub is established in Ravenna in the Ca’ Ponticelle area

The €100 million project, launched in 2019, has been completed to support local regeneration and the circular economy.

Ravenna, June 16, 2026 – The Ravenna environmental hub, a center dedicated to the circular economy and industrial waste management, is now a reality. The project by Eni and Hera, and in particular their subsidiaries Eni Rewind and Herambiente, represents a model based on industrial regeneration and ecological transition: thanks to the environmental remediation activities carried out by Eni Rewind, which owns the area, and to a total investment of €100 million, a 26-hectare decommissioned site located within the Ravenna district has been restored and repurposed for a new industrial development initiative

The Ravenna Environmental Hub’s facilities will help reduce the structural shortage of plants for managing special waste in Italy, maximizing material recovery and reducing reliance on landfills. In particular, the HEA platform - a joint venture between HASI (Herambiente Servizi Industriali) and Eni Rewind - is one of the most significant integrated industrial waste management projects in Italy. The HEA platform is a multifunctional facility for the pretreatment of special waste, both solid and liquid, from industrial and remediation activities. It will replace the historic HASI storage platform in Ravenna, introducing more advanced technologies, greater capacity, and increased operational flexibility to meet the needs of Eni Group operations and the wider industrial market.

With a treatment capacity of up to 60,000 tons per year and a multi-line plant configuration, the platform enables a wide range of operations, from storage and repackaging to shredding and mixing. Its main objective is to maximise material recovery and reduce disposals, increasing the efficiency of operations and supporting economies of scale. The HEA platform is strategically important for Ravenna, a major industrial district and one of Italy’s largest producers of special waste. It contributes strengthening local treatment capacity, reducing transfers to facilities outside the region or abroad, and providing companies with more efficient local services. It supports competitiveness, operational continuity and the development of new circular supply chains as well.

The Hub also hosts Eni Rewind’s biorecovery plant, which can treat up to 80,000 tons per year of hydrocarbon-contaminated soils from remediation activities. The plant uses a biological aerobic biodegradation process to treat soils which can then be reused as backfill in remediation sites, minimizing the use of virgin materials. A dedicated chemical laboratory managed by Labanalysis Environmental Services, an Italian sector leader in which Eni Rewind holds a stake, will monitor processes and ensure compliance.

In addition, Plenitude, an Eni subsidiary, has also built a renewable energy production facility as part of the Hub. Operational since 2024, the photovoltaic plant has a capacity of 6 MWp and covers 11 hectares, with more than 10,000 installed panels. The plant optimizes energy production by using solar panels which can capture light on both sides and are mounted on mobile structures that follow the path of the sun throughout the day. These structures are installed on special supports placed directly on the impermeable cover built as part of the site’s permanent safety measures.

In April 2026, the project added an experimental energy storage system based on a new generation of vanadium flow batteries. The system has been completed and connected to the existing photovoltaic installation.

Eni Rewind began the overall redevelopment of the Ca’ Ponticelle area in 2019 implementing environmental remediation activities. In 2021, the works had been completed to permanently secure the area, which was once part of a petrochemical complex. In 2023, following the update of the Municipality of Ravenna’s Urban Plan, construction began on the new environmental infrastructure that is expected to become operational in July 2026.

“The Ravenna Environmental Hub is being developed on a site deeply rooted in Enihistory. We have transformed the decommissioned Ca’ Ponticelle site into an environmental platform capable of combining remediation, industrial redevelopment, and industrial competitiveness. The site is strategically positioned to meet market needs and will host Eni Rewind’s first two waste treatment plants, alongside the more than 40 plants we operate in Italy for water treatment” said Paolo Grossi, Chief Executive Officer of Eni Rewind. “Our environmental services offering is further enhanced by bioremediation plants for soil recovery and by the industrial waste pre-treatment platform, developed in partnership with Herambiente. The Ravenna Environmental Hub is a concrete example of sustainable development, and we hope it can serve as a replicable model in other regions to reduce infrastructure gaps and the environmental impact of waste management.”

“With the new multifunctional HEA platform within the Ponticelle Environmental Hub, the Herambiente Group is taking another step in strengthening its position in industrial waste management. The project is part of a development path aimed at creating a unique plant system in Italy that helps bridge the country’s infrastructure gap and reduce waste exports abroad,” said Andrea Ramonda, Chief Executive Officer of Herambiente. “The HEA facility, developed through the joint venture with Eni Rewind, is equipped with the best available technologies and is designed to maximize the recovery of materials and energy. It will efficiently manage flows related to Eni Group activities and those of the wider market, with tangible benefits for the competitiveness and operational continuity of the local production system. The project also strengthens Ravenna’s strategic role. Herambiente first launched its operations here, and the industrial zone is now part of a circular economy hub serving the industries across Central and Northern Italy.”

“The Ravenna Environmental Hub is the result of a vision that began to take shape in 2019, when we started working with Eni, Hera and all the stakeholders involved in the redevelopment of a strategic area such as Ca’ Ponticelle. Today this project shows how environmental regeneration can become a driver of industrial development, innovation, and skilled employment. Ravenna is reaffirming its role as a major national energy and industrial hub, with an increasingly strong focus on the circular economy and sustainability,” said Michele de Pascale, President of Emilia-Romagna Region. “The ability to reclaim disused areas, develop technologically advanced facilities, and create new supply chains linked to material recovery represents a key lever for the future competitiveness of the territory. This investment strengthens Ravenna’s role as one of Italy’s leading laboratories for ecological and industrial transition and offers new opportunities for economic and employment growth for the city, the regional production system, and future generations.”

“Today, from Ravenna, a strong message is being sent to the country through a project that combines industrial reconversion and environmental protection, representing a strategic infrastructure not only for our city but also for Italy. This is the model we would like to set the course for the future: fewer landfills, more recovery, more skilled jobs, and investments in photovoltaics, with a view to advancing the circular economy” said Alessandro Barattoni, Mayor of Ravenna. “Thanks to an investment of €100 million, a 26-hectare former industrial site, fully reclaimed from an environmental standpoint, will host new initiatives supporting industry, waste cycle management, and the ecological transition, under a model of competitiveness that combines productivity with environmental sustainability.”

Scan here to access the media kit

For more information about the HEA platform, visit the website: https://ha.gruppohera.it/herambiente-group/hea

Online from 16 June 2026

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16/06/2026
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Eni and Hera: the Environmental Hub is established in Ravenna in the Ca’ Ponticelle area

The €100 million project, launched in 2019, has been completed to support local regeneration and the circular economy. sede Hera 110x150.jpg centrata Ravenna, June 16, 2026 – The Ravenna environmental hub, a center dedicated to the circular economy and industrial waste management, is now a reality. The project by Eni and Hera, and in particular their subsidiaries Eni Rewind and Herambiente, represents a model based on industrial regeneration and ecological transition: thanks to the environmental remediation activities carried out by Eni Rewind, which owns the area, and to a total investment of €100 million, a 26-hectare decommissioned site located within the Ravenna district has been restored and repurposed for a new industrial development initiative The Ravenna Environmental Hub’s facilities will help reduce the structural shortage of plants for managing special waste in Italy, maximizing material recovery and reducing reliance on landfills. In particular, the HEA platform - a joint venture between HASI (Herambiente Servizi Industriali) and Eni Rewind - is one of the most significant integrated industrial waste management projects in Italy. The HEA platform is a multifunctional facility for the pretreatment of special waste, both solid and liquid, from industrial and remediation activities. It will replace the historic HASI storage platform in Ravenna, introducing more advanced technologies, greater capacity, and increased operational flexibility to meet the needs of Eni Group operations and the wider industrial market. With a treatment capacity of up to 60,000 tons per year and a multi-line plant configuration, the platform enables a wide range of operations, from storage and repackaging to shredding and mixing. Its main objective is to maximise material recovery and reduce disposals, increasing the efficiency of operations and supporting economies of scale. The HEA platform is strategically important for Ravenna, a major industrial district and one of Italy’s largest producers of special waste. It contributes strengthening local treatment capacity, reducing transfers to facilities outside the region or abroad, and providing companies with more efficient local services. It supports competitiveness, operational continuity and the development of new circular supply chains as well. The Hub also hosts Eni Rewind’s biorecovery plant, which can treat up to 80,000 tons per year of hydrocarbon-contaminated soils from remediation activities. The plant uses a biological aerobic biodegradation process to treat soils which can then be reused as backfill in remediation sites, minimizing the use of virgin materials. A dedicated chemical laboratory managed by Labanalysis Environmental Services, an Italian sector leader in which Eni Rewind holds a stake, will monitor processes and ensure compliance. In addition, Plenitude, an Eni subsidiary, has also built a renewable energy production facility as part of the Hub. Operational since 2024, the photovoltaic plant has a capacity of 6 MWp and covers 11 hectares, with more than 10,000 installed panels. The plant optimizes energy production by using solar panels which can capture light on both sides and are mounted on mobile structures that follow the path of the sun throughout the day. These structures are installed on special supports placed directly on the impermeable cover built as part of the site’s permanent safety measures. In April 2026, the project added an experimental energy storage system based on a new generation of vanadium flow batteries. The system has been completed and connected to the existing photovoltaic installation. Eni Rewind began the overall redevelopment of the Ca’ Ponticelle area in 2019 implementing environmental remediation activities. In 2021, the works had been completed to permanently secure the area, which was once part of a petrochemical complex. In 2023, following the update of the Municipality of Ravenna’s Urban Plan, construction began on the new environmental infrastructure that is expected to become operational in July 2026. “The Ravenna Environmental Hub is being developed on a site deeply rooted in Enihistory. We have transformed the decommissioned Ca’ Ponticelle site into an environmental platform capable of combining remediation, industrial redevelopment, and industrial competitiveness. The site is strategically positioned to meet market needs and will host Eni Rewind’s first two waste treatment plants, alongside the more than 40 plants we operate in Italy for water treatment” said Paolo Grossi, Chief Executive Officer of Eni Rewind. “Our environmental services offering is further enhanced by bioremediation plants for soil recovery and by the industrial waste pre-treatment platform, developed in partnership with Herambiente. The Ravenna Environmental Hub is a concrete example of sustainable development, and we hope it can serve as a replicable model in other regions to reduce infrastructure gaps and the environmental impact of waste management.” “With the new multifunctional HEA platform within the Ponticelle Environmental Hub, the Herambiente Group is taking another step in strengthening its position in industrial waste management. The project is part of a development path aimed at creating a unique plant system in Italy that helps bridge the country’s infrastructure gap and reduce waste exports abroad,” said Andrea Ramonda, Chief Executive Officer of Herambiente. “The HEA facility, developed through the joint venture with Eni Rewind, is equipped with the best available technologies and is designed to maximize the recovery of materials and energy. It will efficiently manage flows related to Eni Group activities and those of the wider market, with tangible benefits for the competitiveness and operational continuity of the local production system. The project also strengthens Ravenna’s strategic role. Herambiente first launched its operations here, and the industrial zone is now part of a circular economy hub serving the industries across Central and Northern Italy.” “The Ravenna Environmental Hub is the result of a vision that began to take shape in 2019, when we started working with Eni, Hera and all the stakeholders involved in the redevelopment of a strategic area such as Ca’ Ponticelle. Today this project shows how environmental regeneration can become a driver of industrial development, innovation, and skilled employment. Ravenna is reaffirming its role as a major national energy and industrial hub, with an increasingly strong focus on the circular economy and sustainability,” said Michele de Pascale, President of Emilia-Romagna Region. “The ability to reclaim disused areas, develop technologically advanced facilities, and create new supply chains linked to material recovery represents a key lever for the future competitiveness of the territory. This investment strengthens Ravenna’s role as one of Italy’s leading laboratories for ecological and industrial transition and offers new opportunities for economic and employment growth for the city, the regional production system, and future generations.” “Today, from Ravenna, a strong message is being sent to the country through a project that combines industrial reconversion and environmental protection, representing a strategic infrastructure not only for our city but also for Italy. This is the model we would like to set the course for the future: fewer landfills, more recovery, more skilled jobs, and investments in photovoltaics, with a view to advancing the circular economy” said Alessandro Barattoni, Mayor of Ravenna. “Thanks to an investment of €100 million, a 26-hectare former industrial site, fully reclaimed from an environmental standpoint, will host new initiatives supporting industry, waste cycle management, and the ecological transition, under a model of competitiveness that combines productivity with environmental sustainability.” Scan here to access the media kit For more information about the HEA platform, visit the website: https://ha.gruppohera.it/herambiente-group/hea 2026-06-16 sede-hera-110.jpg
Online since 16/06/2026
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Documentation relating to the issue of a bond published

Please note that the deed of execution dated 27 May 2026 concerning the issuance by Hera S.p.A. of a €500 million “European Green Bond”, with a six-year term and maturity in 2032, is available to the public at its registered office, on the website www.gruppohera.it, and on the authorised storage mechanism 1INFO (www.1Info.it). sede Hera 110x150.jpg centrata 2026-06-09 sede-hera-110.jpg
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Hera Group celebrates its first European Green Bond EU on Borsa Italiana

Issued on 26 May, orders were received for 7 times the amount offered. With a 6-year maturity, it will finance strategic projects aligned with the European Taxonomy.
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Hera Group: European Green Bond (“EuGB”) of 500 million euros

Strong interest from international investors in Hera’s first European Green Bond (EuGB) with a 6-year maturity, which will finance strategic projects of the multi-utility aligned with the EU Taxonomy. Orders received amouned to 7 times the offered amount.
Online since 26/05/2026 at 19:10
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Publication of documents pertaining to the Shareholders Meeting

centrata Kindly note that as of today the minutes of the Shareholders Meeting held on 29 April 2026 are available at company headquarters, on the Hera Group’s website (https://eng.gruppohera.it/group/) in the section dedicated to Corporate Governance, and on the authorised storage website 1INFO. 2026-05-26 12:26:00 sede-hera-110.jpg
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Independence requirements verified for directors and statutory auditors; internal Committees appointed

centrata The Board of Directors of Hera S.p.A., which met today, assessed the independence of its directors appointed by the Shareholders’ Meeting of 29 April 2026. On the basis of the statements made by the Directors and the information available to the company, the Board of Directors of Hera S.p.A. assessed that all directors meet the independence requirements set out in Article 148 of Legislative Decree No. 58/1998, with the exception of the Executive Chairman, the Chief Executive Officer and directors Gianni Bessi and Enrico Di Stasi. The Board also assessed that directors Fabio Bacchilega, Benedetta Brighenti, Roberta Calderisi, Marina Monassi, Francesco Perrini, Paola Schwizer, Bruno Tani, Fabrizio Toselli and Alice Vatta meet the independence requirements set out in the Corporate Governance Code. It should also be noted that, in compliance with the provisions of the Corporate Governance Code, the Board of Statutory Auditors verified that all its members meet the independence requirements, reporting the outcome of these checks to the Board of Directors. The members of the Internal Committees were also appointed: for the “Executive Committee”, the following were appointed: Cristian Fabbri, as Chairman; Tommaso Fabbri, as Deputy Chairman; Orazio Iacono and Vanessa Camani, as members; for the “Control and Risk Committee” (whose composition is the same as that of the Related-Party Transactions Committee) the following were appointed: Paola Schwizer, as Chairwoman; Benedetta Brighenti, Marina Monassi and Francesco Perrini, as members; for the “Remuneration Committee”, the following were appointed: Alice Vatta, as Chairwoman; Fabio Bacchilega, Tommaso Fabbri and Francesco Perrini, as members. Finally, with regard to the "Ethics and Sustainability Committee”, the following were appointed: Tommaso Fabbri, as Chairman; Alice Vatta, Filippo Bocchi and Nicoletta Tranquillo, as members. 2026-05-13 13:34:00 sede-hera-110.jpg
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Hera Group's BoD approves results for the first quarter of 2026

The consolidated three-month report as at 31 March shows improved performance and an increase of over 24% in capital expenditures.
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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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04/05/2026
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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
Shareholders’ meeting
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Hera Spa

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
Shareholders’ meeting
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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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Financial Results
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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
Hera Spa

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
M&A
Hera Spa

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

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