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ARCHIVE OF SPEECHES BY KEY EXECUTIVES

The Board of Directors approves the results as at 31 December 2011

Tomaso Tommasi di Vignano

"Earnings growth in all business areas since the Group's incorporation, even during difficult economic and financial periods, demonstrates the soundness of the strategic choices pursued and the strength of the competitive advantages established so far," explains Hera Chairman Tomaso Tommasi di Vignano. "This also confirms the effectiveness of the original corporate mergers model on which Hera's experience has been built. These results, together with a sound financial structure, allow us once again this year to propose a dividend of 9 cents per share, confirming the policy maintained over all these years".

 
Maurizio Chiarini

"Hera's multi-utility portfolio has allowed negative external effects to be offset among the different businesses we manage in nearly all of its entire ten-year history, showing low earnings volatility thanks also to the significant contribution to EBITDA, i.e. 52%, by regulated activities" explains Hera CEO Maurizio Chiarini. "Continual control of investments and working capital over the last three years has ensured that NFP has been kept stable, compared with annual EBITDA growth of 6%, thus causing financial ratios to improve".

 

Bologna, 22 march 2012

 
 
REINVENTING THE CITY Regenerating resources to move to a society based on the circular economy
 
REINVENTING THE CITY Regenerating resources to move to a society based on the circular economy
 
 
Sustainability and Shared value
 
SostenibilitÓ e Valore condiviso
 
 
2018 Economic results
 
Risultati economici 2018 - Il commento del Presidente