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The Group's financial results as at December 31, 2019 will be published on March 25. A conference call and webcast to discuss the Y2019 results will be held the same day.


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.


In the first 9 months, financial results continued to grow, thanks to the good performance of almost all business areas. Net Result, increased by +12.1%, shows a growth acceleration when compared to the first half results. The 9M 2019 results confirm the winning strategy of the Group, based on a business model that balances regulated and free-market activities, and brings internal growth together with attention towards the opportunities in external growth offered by the market. Sustainability and innovation prove to be increasingly important competitive levers, with growing investments in the field of circular economy and resources regeneration, aiming to creating value for the territory and for all stakeholders.

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 del Gruppo Hera