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The Hera Group presents NexMeter, the meter with the future in the mind: innovation and safety

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Press releases
19/06/2024
Hera Spa
Price sensitive

Hera Group ranks first in the 2024 ESG Identity Corporate Index (formerly IGI)

<p><em>For the fourth consecutive year, the Group is on the podium of the overall index ranking, which rewards Italian companies that stand out for integrating ESG factors into their governance. This comes as further recognition of the Group’s commitment to creating long-term value for its shareholders and all its stakeholders</em></p>
Online since 19-06-2024 at 11:08
Press releases
11/06/2024
Hera Spa
M&A
Price sensitive

Inrete Distribuzione Energia acquires Soelia’s gas network

<p><em>The Hera Group, through its subsidiary operating in the natural gas distribution sector, strengthens its presence in the area served</em></p>
Online since 11-06-2024 at 11:57
Press releases
15/05/2024
Shareholders’ meeting
Price sensitive
Hera Spa

Publication of documents pertaining to the Shareholders Meeting

Online since 15-05-2024 at 10:35
Press releases
15/05/2024
Price sensitive
M&A
Hera Spa

Hera Group acquires Soelia’s gas network

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

Online since 15-05-2024 at 10:38
Press releases
14/05/2024
Price sensitive
Financial Results
Hera Spa

Hera Group BoD approves results for 1Q 2024

<p>The consolidated quarterly report at 31 March shows improvement in the main operating and financial indicators. The Group’s financial solidity and commitment to sustainability and the ecological transition were confirmed, along with the creation of value for all stakeholders and significant investments in the areas served to improve our assets resilience and to guarantee service quality and continuity</p>
Online since 14-05-2024 at 12:41
Press releases
30/04/2024
Shareholders’ meeting
Hera Spa
Price sensitive

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.

Online since 29-04-2024 at 12:53
Press releases
23/04/2024
Hera Spa
Other press releases

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

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

08/04/2024
Other press releases
Hera Spa

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

29/03/2024
Hera Spa
Other press releases

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

<p><em>Thanks to investments totalling approximately 50 million euro, the Hera Group will build a state-of-the-art facility within its own plant complex. Starting from plastic waste that has so far been difficult to recycle, it will produce high quality polymers with characteristics similar to those shown by virgin materials, thus making sectors such as consumer electronics and the automotive industry increasingly sustainable</em></p>
Press releases
27/03/2024
Shareholders’ meeting
Hera Spa

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

Press releases
26/03/2024
Other press releases
Hera Spa
Price sensitive
Financial Results

Hera Group approves results as at 31/12/2023

<p><em>The year closed with main financial indicators rising and the targets included in the strategic Plan to 2026 exceeded three years ahead of schedule. The Group’s financial solidity and flexibility allowed it to continue along its path of industrial growth, increasing its investments and successfully grasping market opportunities, both internal and external, while continuing to generate value benefitting all stakeholders. The proposed dividend was raised, reaching 14 eurocents per share</em></p>
Online since 26-03-2024 at 12:47
Press releases
11/03/2024
Hera Spa
Other press releases

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

<p><em>Sustainability, decarbonisation, liveability and biodiversity protection are the keywords of this project, which will be developed in the northern part of the city and will contain a new urban park with facilities, complemented by areas dedicated to protecting animal and plant species, and an agrivoltaic field that will allow an annual saving of 6,000 tons of CO2.</em></p>
Press releases
04/03/2024
Shareholders’ meeting
Hera Spa
Other press releases

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

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

Press releases
13/02/2024
Hera Spa
Other press releases

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

<p><em>The Group achieved the leadership band in the CDP questionnaire and was included among “TOP 1%” Multi and Water Utilities of the S&amp;P Global’s Sustainability Yearbook 2024. These recognitions prove Hera’s commitment to sustainable development and creating shared value for local areas.</em></p>
Press releases
06/02/2024
Hera Spa
Other press releases

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

<p><em>With the 7 lots awarded in the tender for the Gradual Protection Service for non-vulnerable household customers, the Hera Group consolidates its position as the sector’s third largest operator in Italy.</em></p>
Press releases
25/01/2024
M&A
Hera Spa
Other press releases

Hera Group expands in the industrial waste sector with TRS Ecology

<p><i><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:106%"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"></span></span></span></i>With the acquisition of 70% of the Piacenza-based company, the Group reinforces its leadership in the waste management sector. This transaction, at full capacity, is expected to contribute to growth in the Hera Group’s Ebitda with approximately 6 million euro.<i><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:106%"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> </span></span></span></i></p>
Press releases
24/01/2024
Price sensitive
Financial Results
Hera Spa
Other press releases

Hera Group presents Business Plan to 2027

<p><em>Development, resilience and creating shared value for stakeholders are at the heart of the Group’s new strategic document, which foresees investments totalling 4.4 billion to speed up the ecological transition and enhance asset resilience to climate change. The preliminary results for 2023 outperform the previous Plan’s goals that have been achieved three years ahead of schedule, thanks to the numerous development actions implemented and the Group’s ability to grasp market opportunities.</em></p>
Online since 24-01-2024 at 12:02
Press releases
22/01/2024
Shareholders’ meeting
Hera Spa
Other press releases
Price sensitive

Calendar of corporate events

Online since 22-01-2024 at 13:24
18/01/2024
Hera Spa
Other press releases

Hera Top Employer for the 15th Consecutive Year

<p><em>The company reaffirms, once again in 2024, its position among the best performers in human resources management, thanks to substantial investments in welfare, training, and skill development.</em></p>
Press releases
02/01/2024
Hera Spa
Other press releases

Hera Group has obtained the “Gender equality certification”

<p><em>A further confirmation of the importance of Hera’s achievements in terms of gender equality and inclusion</em></p>

Asset Publisher

13/11/2019
The Hera Group presents NexMeter, the meter with the future in the mind: innovation and safety

The 2019 European Utility Week includes a preview of the new smart gas meter 4.0, provided with advanced technology and functions, and features that are unique on the international scene. Thanks to investments coming to 45 million euro, the first 300,000 units will be installed in some areas served by Hera.

NexMeter

NexMeter, the new gas meter 4.0 conceived by the Hera Group, looks towards the future, today: provided with avant-garde technology and functions, above all concerning safety, and "environment friendly", its features cannot be found elsewhere on the international scene.
This "smart" device was born out of the experience gained by Hera, one of Italy's largest multi-utilities. The fruit of the know-how accumulated over time in gas distribution service management, it also owes much to the continuous investments made in innovation and research and development. The Hera Group has already allocated roughly 45 million euro in investments to install the first 300,000 meters over the upcoming three years.

The companies chosen as partners are among the most qualified, nationally and internationally: the Japanese multinational Panasonic, a global leader in electronic product and component manufacturing, and Pietro Fiorentini, one of Italy's foremost enterprises involved in providing products and services for the entire natural gas sector.

Precisely because of its advanced functions and the international team involved in its development, a preview of NexMeter was given yesterday afternoon in Paris, in the prestigious setting of the 2019 European Utility Week, the sector's most important showcase.

A "mini-computer", leading the way in innovation and safety

NexMeter is much more than a gas meter: it's a "mini-computer" whose features outperform the other devices now seen on the market. Provided with advanced technology - now, for the first time, contained within the device itself and based on algorithms, sensors and ultrasounds - and characteristics giving it an unrivalled precision, it offers advanced safety functions, supporting a fundamental aspect of gas services.
The specific monitoring and warning tools with which it is provided allow it to prevent accidents in a range of situations, offering greater protection to buildings and citizens, along the lines of electric circuit breakers.
For example, the system's regular functioning is constantly checked by verifying supply and network pressure, immediately reporting any excess or drop. The meter is able to signal any kind of gas leak: not only large, short-term losses due to breakage or voluntary damage, but also the smaller, continuous leaks that customers might not notice right away. It can thus interrupt supply in case of irregularities, making the system safe. Furthermore, it is able to detect tremors caused by earthquakes in real time, and in this case as well it interrupts gas supply and thus acts towards providing better safety.

Real time communication between metres, control systems and users

In addition to periodically sending ordinary information as to actual consumption, like other smart gas meters, in case of emergency NexMeter is activated and contacts the Group's central remote control facility in Forlì. This avant-garde technological centre is one of Europe's largest, and monitors Hera's networks and plants across the entire area served in real time. In turn, the remote control facility, if it has a certain way to contact the user, attempts to send them an warning signal. In any event, the device's status can be checked by customers themselves on the meter's display, thanks to a simple and immediately comprehensible interface.

NexMeter is environment friendly

Not only is NexMeter "smart" and precise, it's also a green assistant who will help cut spending for consumption. Thanks to its ability to detect even slight gas leaks and signal them to users, NexMeter contributes to reducing the cost of bills.
Furthermore, it benefits the environment by promoting a smart use of energy and favouring a rational use of resources. By eliminating leaks, indeed, it also reduces methane dispersion, which is highly pollutant, while the entire process of optimising gas network management has a positive effect on the performance and emissions of many devices, first and foremost hot water heaters. NexMeter - in addition to being entirely compatible with all kinds of networks and plants - is already suitable for future "clean gas" systems, such as biomethane.
One can only add that it is the first meter built out of materials that contain recycled plastic, reflecting Hera's long-standing attention towards the environment and a circular economy. Moving in this same direction, Hera was the first company in Italy to introduce recycled plastic materials into the tubes of its own networks.

An opportunity for local areas: the first installations and the next steps

Following up on the opportunities offered by the large-scale gas meter substitution foreseen by Italian regulations (resolution ARG/gas 155/08), Hera's new 4.0 meter meets possible developments in legislation in advance, introducing features that go beyond current requirements and putting innovative technology at the service of the needs shared by household and non-household users.
As early as the next few months, installation of the device will be launched in some areas served by the Group: overall, during the next three years, 300,000 devices will be installed in localities served by Hera, mainly in Friuli-Venezia Giulia and Emilia-Romagna, in the provinces of Modena and Ferrara, areas classified as being at risk of earthquakes or in which similar events have recently occurred.

A valuable project

NexMeter's features respect the interventions outlined in the 2019-2021 strategic framework drafted by Italy's Energy, Network and Environment Authority (ARERA). These objectives are challenging in terms of innovation, safety and attention towards the environment, with respect to which the Italian authority orients sector companies. The presentation of NexMeter confirms that the Hera Group is fully able and ready to act on these indications, making the most of its employees' professional skills and potential for innovation.

"With NexMeter", states Stefano Venier, CEO of the Hera Group, "we are bringing a new wave of innovation into a business, gas distribution, that is still quite traditional. To develop it in the best way possible, we have brought together our considerable experience in the gas distribution sector together with the skills of the most qualified national and international partners. In a broader sense, innovation is one of our strategic priorities, sustained by a significant economic investment, coming to over 380 million euro in the five years covered by our latest Business plan. It is with initiatives such as this, indeed, that the Hera Group carries out its own mission, already today, with technology coming from the future, meeting the needs of the citizens who live in the areas we serve. All of this is accompanied by constant attention towards the environment: our meter in fact promotes a smart use of energy and an efficient use of resources, which are two of the drivers according to which the Hera Group has established its commitment towards sustainability".

"This project could not be accomplished without Gruppo Hera's solid desire and intention to develop and deploy new gas smart meter which equipped with safety functions. It is honourable for Panasonic to contribute as a key devices supplier of which technology had been proven more than 35 years with 120 million sets delivered in Japan and will enormously enhance the safety level in the gas distribution network in Italy" said Anton Terasaki, Managing Director of Smart Energy System Business Division Appliances Company, Panasonic Corporation.

"We are very enthusiastic about our work on this innovative project for smart meters with advanced features in safety and reliability. It will provide Hera's customers and the entire supply chain with a significant amount of data, fundamental for a safe, efficient and enlightened use of gas", states Cristiano Nardi, Executive Chairman of the Pietro Fiorentini Group. "Our collaboration with Panasonic fully respects our policy of open innovation that leads us to collaborate with many international partners, universities and research centres".

The Hera Group is among Italy's largest multi-utilities, working mainly in the environment (waste collection and treatment), energy (electricity and gas distribution and sales, energy services) and water (aqueduct, sewerage and purification) sectors. Other services offered include public lighting and telecommunications. The Group employs almost 9,000 employees who meet the needs of 4.4 million citizens in over 350 municipalities mainly located in Emilia-Romagna, Veneto, Friuli-Venezia Giulia, Marche, Tuscany and Abruzzo. A listed company since 2003, as of 18 March 2019 Hera has been included in the FTSE MIB.

Panasonicis worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. Based in Osaka, Japan, the company recorded consolidated net sales of 8.0 Trillion Yen for the year ended in March 31 2019. The Company's shares are listed on the Tokyo, Osaka, Nagoya, and New York (NYSE: PC) stock exchanges.

Pietro Fiorentini is an international group comprising twenty-six branches and subsidiaries. Based in Arcugnano (Vicenza), it provides a wide range of products, systems and services to the Oil & Gas sector, with eleven manufacturing facilities worldwide. It was recently included by the Centro Studi ItalyPost in a list of the one hundred Italian companies having an annual turnover coming to between 120 and 500 million euro who have performed the best operationally and financially from 2011 to the present. Pietro Fiorentini's mission is strongly oriented towards customer centricity and environmental protection, applying the most modern technologies to meet the needs of the market and to promote the development of clean and safe energy, thanks to new solutions including renewable gas and hydrogen.

Online from 13 November 2019 at 10:50:24

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Press releases
21/11/2016
Hera Spa
Sustainability
Analyst Consensus

Webranking 2016: Hera wins silver medal

2016-11-21 _870.1479742296.1479806595.JPG The Oscars of online communications have been awarded. The multiutility company's website placed second, preceded only by Snam. The award is based on a national study of the websites of 70 companies conducted by the experts from Lundquist and Comprend. The Oscars of online communications have been awarded. The multiutility company's website placed second, preceded only by Snam. The award is based on a national study of the websites of 70 companies conducted by the experts from Lundquist and Comprend. The Hera Group has earned a place on the podium at Webranking 2016, the Oscars of web communications. The multiutility company was awarded the "silver medal" based on the research conducted by Lundquist and the Swedish Comprend, digital communications experts. Every year, they screen the websites of the largest Italian companies listed on the stock exchange and their respective web communications strategies in order to draw up a national ranking, which this year included 70 companies. Hera finished in second place in this 15th edition of the report, with a score of 91.8/100, improving by a good two positions since last year and coming in ahead of large companies like Eni, which placed third. Snam was classified in first place. In addition, Hera was first in the utilities sector. All of the results can be viewed here. The multiutility company's strengths included its online publication of the Sustainability Report - a report featuring non-financial information which is prepared by just half of the companies observed. Hera, however, has prepared this report for its stakeholders since 2002 and has made it available online since 2006. Lundquist also surveyed the history of the best companies on the web in Italy by analysing the Webranking results from 2011 to date. In this hall of fame encompassing 15 years of rankings, Hera came in third, just after Eni and Telecom. The Webranking study is also a kind of stress test on company transparency: it assesses their digital communications based on the needs of stakeholders, who seek out not only interesting content, but also simple forms of online navigation. According to the report accompanying the study, only slightly more than one company out of three passes the test, and this year the trend observed by Lundquist is that what counts is the commitment to transparency, not big budgets. Indeed, the best results were achieved precisely by midcaps like Hera, medium-sized companies that have a strong desire to improve and stand out in the market. The awards ceremony will be held on 30 November in the Buzzati room at the Corriere della Sera headquarters in Milan, during an event organised by Lundquist which will provide the opportunity to discuss the new frontiers of digital corporate communications. Webranking 2016: Hera wins silver medal Webranking 2016: Hera wins silver medal _20161121_webranking_hera_EN.1479806596.pdf 2016-09-23 17:58:50 Bilancio di Sostenibilità
Online dal 21/11/2016 alle ore 17:58
09/11/2016
Price sensitive
Financial Results

Hera Board of Directors approves results for 3Q 2016

2016-11-09 Financial results as at 30 September 2016 Financial results as at 30 September show improvement in key economic and financial indicators and a further reduction of debt. 9M2015 /documents/1514726/4210752/Gruppo_Hera_press_release_3q2016_eng.1478689798.pdf/9eb7d52c-488f-8a9a-59c5-936685e320cb?t=1597910524990 /documents/1514726/4210752/Hera_Group_Consolidate_quarterly_report_as_at_30_09_2016.1478687674.pdf/f56d788a-4921-6417-8532-9916164c91cf?t=1597910528451 /documents/1514726/4210752/9M_ANALYST_presentation.1478694304.pdf/8d55528b-fbb3-1e48-7431-f3a78f8a85e7?t=1597910527532 /documents/1514726/4210752/Gruppo_Hera_newsletter_3q2016_eng.1478690384.pdf/28d7b1fb-7496-1f0b-3d0b-ca438197e401?t=1597910526874 /documents/1514726/4880888/GruppoHera+9m2016+results+eng.1483550624.mp3/737f1dce-21c1-014e-c3ee-956bfec2835a?t=1610038186161 /documents/1514726/4210752/Dati_finanziari_ed_operativi_di_sintesi_9M_2016_eng.1478604446.xls/fc469d22-ddff-104d-3899-c17eeab3cb44?t=1597910526341 Press release Financial report as at 30 September 2016 Analyst presentation: Results as at 30 September 2016 Newsletter: Results as at 30 September 2016 Audioconference: Results as at 30 September 2016 Financial data: Results as at 30 September 2016 Financial highlights Revenues at € 3,104.8 million (-4.4%) EBITDA at € 650.6 million (+1.6%) Net profits for shareholders at € 142.2 million (+13.8%) Net financial position improves, reaching € 2,567.0 million Operating highlights Revenues reflect the fall in energy commodities and the impact of normative and regulatory factors, in particular the rate of return on invested capital (WACC) Benefits derived from recent acquisitions in sectors involving free market activities Healthy contributions to growth come from the electricity area and, in the third quarter, from the waste management area Today, the Hera Group’s Board of Directors unanimously approved the company’s consolidated financial results at 30 September 2016, with positive figures in key indicators and growth through to net profits, in line with the results forecast in the business plan. Financial and fiscal management, in particular, contributed to supporting growth in results by allowing increased investments to appear alongside a further reduction in debt, while entirely financing M&As and the payment of annual dividends. Note that the Hera Group has voluntarily decided to publish its interim financial statements, as in the past, taking into account the high value it gives to communicating with the market. Revenues at € 3,104.8 million In the third quarter of 2016, revenues amounted to € 3,104.8 million, dropping compared to the € 3,246.4 million seen at 30 September 2015. The reasons for this decrease include lower revenues in regulated services caused by recent regulatory changes, lower revenues from electricity, gas sales and trading. The drop was however partially compensated by both higher volumes of gas sold and revenues in the waste management area, above all in the third quarter. EBITDA increases, reaching € 650.6 million Group EBITDA at 30 September 2016 grew from € 640.2 to € 650.6 million (+1.6%), thanks in particular to the contribution of the electricity business. This result is particularly significant considering that in the first nine months of 2016 the overall outcome of lower revenues in gas, electricity and water distribution amounted to € 25.6 million (respectively: 14.9 in water, 8.5 in gas and 2.2 in electricity), following reductions in the rate of return on invested capital in regulated sectors and inflation. EBIT and pre-tax profits rise EBIT increased to € 329.2 million (+3.8%), while pre-tax profits rose to € 239.1 million (+9.5% compared to the € 218.4 seen at 30 September 2015), thanks among other things to improvements in financial management. At 30 September 2016 the results of financial management in fact came to € 90.2 million, dropping compared to the € 98.8 recorded at 30 September 2015 (-8.7%), owing to lower average debt and greater efficiency in interest rates, obtained thanks to the renegotiation of a few loans, in addition to an optimisation of cash and cash equivalents. The new bond issued in early October allowed Hera to obtain € 400 million in financing, with a 10 year maturity and a cost below 1%. Net profit post minorities at € 142.2 million (+13.8%) Due to a tax rate coming to 36.5%, a noteworthy improvement compared to the same period in the previous year (thanks to the benefits ensuing from the application of the “patent box” and tax credits for research and development, as well as tax concessions for maxi amortisations), net profits rose by 12.5%, going from € 134.9 million at 30 September 2015 to € 151.8 million at 30 September 2016. In the first nine months of 2016, net profit post minorities rose to € 142.2 million, with a 13.8% increase over the € 125.0 million seen at 30 September 2015. Over € 250 million in investments and an improved net financial position Group investments in the first nine months of 2016, including € 10.5 million in capital grants, amounted to € 251.5 million, growing by roughly € 20 million compared to the same period in 2015 and in line with the results forecast in the business plan. The water business accounted for € 93.1 million of the above and gas business for € 64.1 million. Investments were made above all in plants, networks and infrastructures, in addition to regulatory upgrading chiefly in gas distribution (with a large-scale substitution of gas metres) and in purification and sewerage. The Group’s net financial position at 30 September settled at € 2,567.0 million, improving compared to the € 2,651.7 recorded at 31 December 2015 thanks to the creation of positive cash flows which, in addition to financing M&As and entirely covering annual dividend payments in June (coming to € 132 million overall), provided room for a reduction in debt. Gas EBITDA of the gas business, which includes services in natural gas and LPG distribution and sales, district heating and heat management, came to € 186.5 million at 30 September 2016, down from the € 205.6 million at 30 September 2015, mainly due to a slight decrease in trading and the impact of the regulation that modified the method used in calculating the rate of return on invested capital for infrastructure services in the gas sector. These results were also sustained by the recent acquisition of Julia Servizi, a company operating in the Abruzzo region in gas and electricity sales and by the acquisition, once again in Abruzzo, of Gran Sasso, active in the same field, whose effects will be felt beginning in the final quarter of the current financial year. The gas business accounts for 28.7% of Group EBITDA. Water The figures seen in the water business, which includes aqueduct, purification and sewerage services, are in line with those recorded in the same period in 2015, with EBITDA stable at € 173.7 million as compared to € 174.7 million at 30 September 2015. The negative impact of the reduction in the rate of return and the redefinition of revenue restrictions, amounting to € 10.9 million, was almost entirely compensated by the operational efficiency achieved during the period in question. The water business accounts for 26.7% of Group EBITDA. Waste The results in the waste business, which includes services in collecting, treating, recovering and disposing of waste, also confirmed those of the previous year, with EBITDA going from € 172.5 million at 30 September 2015 to € 172.2 million at 30 September 2016. The results of the third quarter were particularly significant, as was, more generally, the contribution coming from the acquisition in late 2015 of Waste Recycling and the Geo Nova plants, which underpinned the special waste sector and compensated for the temporary closure of landfills currently being enlarged (the Ravenna landfill reopened in August). Good results also came from sorted waste collection, which rose to 55.8% of the total, compared to the 54.9% seen in the first nine months of 2015, thanks to the wide range of projects implemented across all areas served. The waste business accounts for 26.5% of Group EBITDA. Electricity EBITDA pertaining to the electricity business, which includes services in electric generation, distribution and sales, grew from € 72.7 million in Q3 2015 to € 104.3 million at 30 September 2016. The negative impact on the electricity services coming from the resolution on revenues and EBITDA (€ 2.2 million in the first nine months) was more than compensated by greater margins in both sales activities and electricity production, including the related dispatching services, as well as by continuous commercial expansion on the free market. The electricity area accounts for 16.0% of Group EBITDA. The manager responsible for drafting the company’s accounting statements, Luca Moroni, declares, pursuant to article 154-bis paragraph 2 of the TUF, that the information contained in the present press release corresponds to the documentation available and to the account books and entries. The third quarter financial statement and related materials will be available to the public at the Company Headquarters and on the website www.gruppohera.it. Unaudited extracts from the Interim Financial Statements at 30 September 2016 are attached. Profit & Loss (m €) Sep 2016 Inc% Sep 2015 Inc.% Ch. Ch. % Sales 3,104.8 3,246.4 -141.6 -4.4% Other operating revenues 259.9 8.4% 226.0 7.0% +33.9 +15.0% Raw material (1,437.4) -46.3% (1,613.2) -49.7% -175.8 -10.9% Services costs (872.0) -28.1% (815.4) -25.1% +56.6 +6.9% Other operating expenses (34.7) -1.1% (40.9) -1.3% -6.2 -15.1% Personnel costs (390.1) -12.6% (380.5) -11.7% +9.6 +2.5% Capitalisations 20.0 0.6% 17.9 0.6% +2.1 +11.8% Ebitda 650.6 21.0% 640.2 19.7% +10.4 +1.6% Depreciation and provisions (321.3) -10.3% (323.0) -9.9% -1.7 -0.5% Ebit 329.2 10.6% 317.3 9.8% +11.9 +3.8% Financial inc./ (exp.) (90.2) -2.9% (98.8) -3.0% -8.6 -8.7% Pre tax profit 239.1 7.7% 218.4 6.7% +20.7 +9.5% Tax (87.2) -2.8% (83.5) -2.6% +3.7 +4.4% Net profit 151.8 4.9% 134.9 4.2% +16.9 +12.5% Attributable to: Shareholders of the Parent Company Minority shareholders 142.2 9.6 4.6% 0.3% 125.0 9.9 3.9% 0.3% +17.2 -0.3 +13.8% -2.8% Balance Sheet (m €) Sep 2016 Inc% Dec 2015 Inc.% Ch. Ch. % Net fixed assets 5,521.2 109.0% 5,511.3 106.9% +9.9 +0.2% Working capital 82.1 1.6% 157.0 3.1% (74.9) (47.7%) (Provisions) (535.8) (10.6%) (513.5) (10.0%) (22.3) +4.3% Net invested capital 5,067.5 100.0% 5,154.8 100.0% (87.3) (1.7%) Net equity 2,500.5 49.3% 2,503.1 48.6% (2.6) (0.1%) Long term net financial debt 2,729.0 53.9% 2,743.6 53.2% (14.6) (0.5%) Short term net financial debt (162.0) (3.2%) (91.9) (1.8%) (70.1) +76.3% Net financial debts 2,567.0 50.7% 2,651.7 51.4% (84.7) (3.2%) Net invested capital 5,067.5 100.0% 5,154.8 100.0% (87.3) (1.7%) Financial results as at 30 September 2016 2015-11-09 13:42:00 9M2015
Press releases
08/11/2016
Hera Spa
Products/Services
Sustainability

Hera, recovered waste from separate collection rises to 94.4%

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

When works of art are created with waste

2016-11-09 09_870x320_cs_s1.1479114547.jpg At Ecomondo the Hera Group is hosting an exhibition of students from the Florence Academy of Fine Arts: 10 portraits of famous people made of industrial waste. This is the fruit of the partnership with the Tuscan company Waste Recycling, recently acquired by Herambiente, which also collaborated to set up the stand, entirely furnished with recovered materials. At Ecomondo the Hera Group is hosting an exhibition of students from the Florence Academy of Fine Arts: 10 portraits of famous people made of industrial waste. This is the fruit of the partnership with the Tuscan company Waste Recycling, recently acquired by Herambiente, which also collaborated to set up the stand, entirely furnished with recovered materials. Waste gives rise not only to energy, but also to works of art At the Hera Group's stand at the Ecomondo trade fair in Rimini, waste takes is given a new lease of life as it is transformed into portraits of famous people, in addition to furnishings such as tables and sofas. This is how the multiutility company has interpreted the theme of the event, which this year is dedicated to the circular economy, while taking advantage of its partnership with Waste Recycling, a Tuscan industrial waste disposal company acquired by Herambiente in late 2015. The entire stand, located in pavilion C1, was created with recovered materials and it hosts a special exhibition of10 portraits created by students from the Florence Academy of Fine Arts. These are students who participate in the Officina Scart project activated with the Academy by Waste Recycling, which organises in-company training workshops on the artistic use of industrial waste. The exhibition was inaugurated today by the Chairman and CEO of Herambiente, Filippo Brandolini and Claudio Galli, and the CEO of Waste Recycling, Maurizio Giani, with the presence of Minister of the Environment Gian Luca Galletti, the Regional Councillor for Environmental Policies Paola Gazzolo and the Mayors of Santacroce sull'Arno, Giulia Deidda, and Castelfranco di Sotto, Gabriele Toti. From Frida Kahlo to David Bowie: "regenerated" portraits The portraits offamous people on display at the Hera Group's stand are made of creatively assembled recovered materials and waste of all types. Thus it is possible to admire a Saint Mother Teresa of Calcutta created by Gregorio Maria Mattei with fabric and curtains, toys, electrical cables, single-use gloves and packaging materials. Or a Federico Fellini by Ignazio Giordano, which took shape from leather and plastic scraps, sand paper, wire and mother of pearl beads. There is also an extraordinary Marilyn Monroe portrayed byAntonella Prasse with beads, stones and many types of buttons; and a Luciano Pavarottiby Arianna Tosi, a Lucio Dallaby Federico Niccolai, Muhammad Ali by Stefania Venuti, Nelson Mandela by Valentina Perini, Amy Winehouse by Beatrice Beneforti, David Bowieby Giulia Gigli and Frida Kahloby Olimpia Bogazzi. A stand where everything is recovered But the exhibition is not the only thing to be admired at the Hera Group's space at Ecomondo. Indeed, its collaboration with Waste Recycling has led the multiutility company to reconceptualise the entire stand: more than 300 square metres in which all of the furnishings are made of scrap materials. For example, the floor is made of recovered wood, and the predominant element that features the Hera logo with its three colours has been created with lids and pieces of metal along with mufflers from auto vehicles. There are also other furnishings, like tables and sofas, made from old chests of drawers, exhaust pipes and many other items. Thanks to Hera, Bologna students can also participate in the Scart project At the initiative of the Hera Group, the Scart project will start being offered at the Bologna Academy of Fine Arts as well:a great opportunity to open up a dialogue between the community and business, art and design, respect for the environment and university education. Based on the agreement signed at the end of October 20 16 between the Bologna institution, Waste Recycling and the Municipality of Santa Croce sull'Arno (Pisa), the doors of the Tuscan company's Officina Scart will open up to young artists in Bologna as well.Like their Tuscan peers, the students in Bologna will also be able to participate in workshops, with the support of their university tutors, to create works of art and design using as raw materials only and exclusively industrial waste collected at Waste Recycling's storage and sorting plants. When works of art are created with waste When works of art are created with waste 20161108_Hera_e_Waste_Recycling_mostra_ecomondo_EN.1479114548.pdf 2016-11-10 09:21:39 Quando dai rifiuti nascono opere d'arte
Online dal 08/11/2016 alle ore 09:21

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Group Director of Communication And External Relations

Giuseppe Gagliano

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Telephone: +39 051 287111

HERA SPA

Viale Carlo Berti Pichat nr. 2/4 - 40127

 

Bologna

Contacts

Telephone: +39 051 287111

HERA SPA

Viale Carlo Berti Pichat nr. 2/4 - 40127

 

Bologna

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Interactive financial statements and sustainability reports
The consolidated economic results at 31 December 2023 and the 2023 sustainability report were approved by the Board of Directors of the Hera Group on 26 March 2024

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