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The Group first half year 2020 financial results will be presented on 29 July 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.

 

The Hera Group's main operating results at the end of the first quarter of 2020 showed growth over the equivalent period of the previous year. Ebitda reached 349.2 million euro, up 5.6%, Ebit came to 211.7 million euro, up 3.3%, and lastly net profits amounted to 130.3 million euro, up 0.5%. Net debt came to 3,229.1 m€ at 30 March 2020, a 1.4% decrease compared to the same period in 2019, as a result of the solid financial structure and an increase in operating cash flows.

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