Results and Presentations
Hera BoD approves results as at 30 September 2023
The results of the first 9 months of 2023 confirm once again the positive trend of the multiutility with all main economic results improving, compared to the equivalent period of the previous year.
The EBITDA adjusted grew by 132 m€, or 15.1%, and stood at 1,006.8 m€, thanks to the performance of the energy area, waste management sector and the water cycle.
Net profit recorded a significant increase, equal to +10.0% compared to September 2022, showing the Group's ability to transfer growth to the bottom line of the P&L statement.
Investments and M&A also showed a significant increase, up 18.7% compared to September 2022, reflecting the Group’s ongoing focus on growth, valorisation and strengthening the resilience of the assets under management.
Net financial debt, at 4,148.9 m€, decreased by 100.9 m€ if compared to the previous year.
Economic data (mln €) | 9M 2023* | Inc. % | 9M 2022* | Inc. % | Change% 22-23 |
---|---|---|---|---|---|
Revenues | 11,396.5 | 100.0% | 14,665.4 | 100.0% | (22.3%) |
Ebitda adjusted | 1,006.8 | 8.8% | 874.8 | 6.0% | +15.1% |
Ebit adjusted | 504.6 | 4.4% | 437.0 | 3.0% | +15.5% |
Pre tax profit adjusted | 364.9 | 3.2% | 347.5 | 2.4% | +5.0% |
Net profit adjusted | 267.1 | 2.3% | 248.4 | 1.7% | +7.5% |
Shareholders of Parent Company adjusted | 235.5 | 2.1% | 214.1 | 1.5% | +10.0% |
Minority shareholders | 31.6 | 0.3% | 34.3 | 0.2% | (7.9%) |
*Net of non-recurring items
Economic data (36 kb - XLS)
To learn more: Financial results Hera has reported since its constitution in 2002: Summary data 2002-2022 (73 kb - XLS)
Page updated 8 November 2023