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For the third consecutive year, our Top Management is expected to participate in the "Utilities and Infrastructure Conference" organised by Mediobanca in Australia. This year's edition have to be virtual and will take place from 30 November to 4 December 2020.


In light of the positive preliminary results for 2019, which show trends of growth higher than expected by the previous Plan, and the M&A transactions carried out, Hera now presents its new five-year strategic document. It reflects the Group's commitment towards further industrial development, sustained by investments, innovation and an eye to sustainability. Hera confirms its role as a "local multi-utility", capable of creating value for the areas in which it operates and for all stakeholders. In order to sustain an increase in 2023 Ebitda, coming to 1,250 million euro (+219 million over 2018 Ebitda), the Group's strategy calls for investments amounting to 2.9 billion euro over the period covered by the plan.


Ebitda went from 785.8 million euro in the first nine months of 2019 to 806.2 million euro at 30 September 2020, up 2.6%, despite the negative impact of milder winter temperatures and the Coronavirus emergency. This growth was achieved above all thanks to the performance of the energy areas (gas and electricity), owing to the Ascopiave partnership, of the water cycle area, which saw efficiency-enhancing initiatives aimed at resilience and sustainability, and of other services, including public lighting and telecommunications.
M&A transactions, along with internal growth sustained by higher efficiency and investments, were the driving force behind the Group's results.

Together to build the future
Insieme per costruire il futuro
REINVENTING THE CITY Regenerating resources to move to a society based on the circular economy
Sustainability and Shared value
SostenibilitÓ e Valore condiviso