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Hera's Board of Directors approves H1 2014 results

Tomaso Tommasi di Vignano

“Considering both the persistent recessive economic conditions and the particularly mild winter, the results of the first part of the year, that in any case witnessed a rise in all indicators, confirm the validity of Hera’s multi-business model and allow us to look forward optimistically to the growth foreseen by our business plan for the current financial year”, affirms Tomaso Tommasi di Vignano, Hera’s Chairman. “Above and beyond the results obtained on liberalised markets, I am particularly satisfied with the progress achieved in the integration of AcegasAps within the Group, that has already allowed 4.6 million synergies to be extracted in the first half of the year alone, to be added to the 8.3 million extracted in 2013 (for a current total of approximately 13 million), reinforcing our confidence in the business plan’s outlook for 15 million cumulated synergies by the end of 2014. The merger completed last 1st July with Amga Udine will no doubt have a further positive impact on this process, which is allowing the most important multi-utility in the North-East to be created within the Hera Group”.

Stefano Venier

“The statements for the first half confirm the Hera Group’s solidity and balance, from both an economic and a financial point of view, that has given way to indicators that have constantly risen over the last 12 years”, explains Stefano Venier, Hera’s C.E.O. “I am pleased to note that our track record, the fruit of a continual improvement in efficiency within our activities, was recognised during the past semester on the international market with the success met by the placement of the first Italian green bond, which inspired the trust of a highly qualified group of European investors”.

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