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Press releases
09/12/2025
Price sensitive
Hera Spa
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Hera Group and Caviro together until 2035 with Enomondo, a joint venture that sets an example in agri-food waste recovery

A new ten-year agreement has been signed between subsidiaries Herambiente and Caviro Extra for joint management of composting, cogeneration and photovoltaic plants: every year, over 230,000 tonnes of biomass are transformed into energy and natural fertilisers. Further investments have been planned to reduce emissions and increase the value of the products. This shared Emilia-Romagna industrial model is thus confirmed as an exemplary case of symbiosis between the waste management and wine-growing sectors.

Online since 09-12-2025 at 12:39
Press releases
03/12/2025
Shareholders’ meeting
Price sensitive
Hera Spa

COMMUNICATION OF THE OVERALL AMOUNT OF VOTING RIGHTS

(drafted pursuant to article 85-bis, paragraph 4-bis, of Consob Regulation 11971 / 14 May 1999)

Online since 03-12-2025 at 12:46
Press releases
19/11/2025
Price sensitive
Hera Spa
Other press releases

Hera Group boosts innovation in its own assets through Corporate Venture Building

The Group has launched a new programme intended to scale up development in its own innovations and bring them to the market, one of the first of its kind in the Italian energy sector. NexSuite, an asset portfolio for gas distribution network security, is now presented in Bilbao at the Enlit international trade fair

Online since 19-11-2025 at 11:20
Press releases
12/11/2025
Price sensitive
Financial Results
Hera Spa

Hera Group: BoD approves results for 3Q 2025

The first nine months of the year closed with strong growth in revenue and investments, and with all key operating and financial indicators positive, in line with the first two quarters and the targets set out in the Business Plan. The 4.2% increase in net profit attributable to shareholders confirms not only the Group’s solidity and the effectiveness of its multi-business industrial strategy, but above all its ability to combine internal business growth with a positive return on invested capital.

Online since 12-11-2025 at 12:28
Press releases
13/10/2025
Hera Spa
Other press releases

Hera Group in the global Top 10 of the Diversity & Inclusion Index - No. 1 among Italian companies

For the tenth consecutive year, the multi-utility is ranked among the 100 most inclusive companies worldwide and reaches 10th place overall—first among Italian companies—in FTSE Russell’s (formerly Refinitiv) international index, which assesses more than 16,500 listed companies.

Press releases
08/10/2025
M&A
Hera Spa

Sale of the 3% participation held in Hera Comm s.p.a. by Ascopiave

Ascopiave S.p.A. sold to Hera S.p.A. its 3% participation held in Hera Comm S.p.A

Press releases
03/09/2025
Shareholders’ meeting
Hera Spa

COMMUNICATION OF THE OVERALL AMOUNT OF VOTING RIGHTS

(drafted pursuant to article 85-bis, paragraph 4-bis, of Consob Regulation 11971 / 14 May 1999)

Press releases
30/07/2025
Price sensitive
Financial Results
Hera Spa
Other press releases

Hera Group approves results for 1H 2025

The consolidated half-year report at 30 June shows increased net profit and capital expenditures, in line with corporate strategies and the targets contained in the Business plan. In a phase of market normalisation, the Group’s operating and financial solidity is confirmed.

Online since 30-07-2025 at 14:12
Press releases
22/07/2025
Price sensitive
M&A
Hera Spa

Hera Group acquires Ambiente Energia and achieves further growth in the Special waste

<p><em>After the binding agreement reached in February, the acquisition of Ambiente Energia, based in Schio in Vicenza, from the Marzotto Group, through subsidiary Herambiente Servizi Industriali, has been completed. This transaction further expands the offer of waste recovery and treatment services to companies in one of the most dynamic areas of the country</em></p>
Online since 22-07-2025 at 11:25
Press releases
17/07/2025
M&A
Hera Spa

Hera Group: excellent quality of water service confirmed

The results of the incentive mechanism for the integrated water service for the two-year period 2022-2023, recently published by ARERA, show Hera among the top positions in the Italian ranking for both asset and service quality. Second-largest national operator in this sector, the Group has consistently ranked among the top “quality” positions since 2018, thanks to significant investments made over the years to improve the efficiency and resilience of its infrastructure.

Press releases
14/07/2025
Hera Spa
Other press releases

Hera Group on CDP’s «Climate A list»

<p><em>The recognition awarded by this independent international organisation bears witness to Hera’s concrete commitment to transparency in environmental reporting and to combating climate change</em></p>
Press releases
10/07/2025
Hera Spa
Other press releases

Hera Confirmed for the sixth consecutive year in the FTSE4Good Index Series

Hera Group’s sustainability performance exceeds the average of Italian companies and ranks among the top five global multi-utilities

Press releases
02/07/2025
Price sensitive
M&A
Hera Spa

Herambiente S.p.A. acquires 100% of Aliplast S.p.A.

<p><em>The Hera Group company concludes its integration of this European leader in recycled plastic, which began in 2017, by purchasing the remaining 20% of the company from Rogroup S.r.l.</em></p>
Online since 02-07-2025 at 10:38
Press releases
25/06/2025
Price sensitive
Hera Spa
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Hera Group approves Code of Conduct for suppliers

Online since 25-06-2025 at 15:01
Press releases
24/06/2025
M&A
Hera Spa

CONCLUSION OF THE TRANSFER OF ESTENERGY S.P.A. SHARES

Press releases
18/06/2025
Price sensitive
Hera Spa
Other press releases

Hera Group ranks 2nd in the ESG Identity Corporate Index 2025 (ex IGI)

<p><em>For the fifth consecutive year, the Group has been included among the top positions in the overall ranking of the index that rewards Italian companies that stand out for integrating ESG factors into their governance. On the tenth anniversary of the ESG Identity Corporate Index, Hera also received recognition for performance and continuity as Strongest Performer, Best Finance Identity and Best Transition Identity among Large Cap companies.</em></p>
Online since 18-06-2025 at 14:09
Press releases
16/05/2025
Shareholders’ meeting
Hera Spa

Publication of documents pertaining to the Shareholders Meeting

Press releases
14/05/2025
Price sensitive
Financial Results
Hera Spa

Hera Group BoD approves results for 1Q 2025

<p><em>The consolidated quarterly report at 31 March shows improvement in the main operating and financial indicators. Growth in investments and the reduction of financial debt also continued.</em></p>
Online since 14-05-2025 at 12:24
Press releases
30/04/2025
Shareholders’ meeting
Price sensitive
Hera Spa

Hera Shareholders Meeting: 2024 financial statements approved and dividend increases to 15 eurocents

<p><em>The Group’s process of industrial growth continues, closing 2024 with key operating-financial indicators and investments rising, continuing to successfully seize market opportunities and generate value for the local areas served and all stakeholders</em></p>
Online since 30-04-2025 at 12:57
Press releases
08/04/2025
Shareholders’ meeting
Price sensitive
Hera Spa

Publication of the Draft Separate and Consolidated Financial Statements as of 31.12.2024, the Corporate Governance Report, and the Report on Remuneration and Compensation Paid

Publication of the Draft Separate and Consolidated Financial Statements

Online since 08-04-2025 at 19:03

Search Results

30/07/2021
Price sensitive
Hera Spa
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The world’s first AWS-certified drinking water plant is located in Bologna and managed by Hera

The certification process for the Val di Setta plant, located in Sasso Marconi and serving Bologna’s main aqueduct, has been successfully completed, confirming Hera’s ongoing commitment to managing and protecting water resources. Internationally, the Hera Group is the first utility to receive certification for a drinking water plant As of today, Hera’s Sasso Marconi (BO) drinking water plant, which also supplies Bologna, is certified by the AWS (Alliance for Water Stewardship), the leading international standard that encourages a responsible use of water resources and acts as the global benchmark in this area. The Hera Group is the first utility in the world to obtain this certification for a drinking water plant and the third largest in Italy. The AWS standard is designed to help companies and individuals implement responsible practices and protect this resource, improving their efficiency and addressing current and future water challenges such as drought, climate change and population growth. It is typically used in the manufacturing sector, adopted by major multinational companies, and is recommended by the United Nations. Obtaining this certification is a rigorous process that includes a range of actions, criteria and indicators on how to manage water, both within the plant and outside of it, across the board, submitting the industry’s best practices to a worldwide scientific committee. A clear path, with no observations, and important benefits in terms of efficiency and water resource protection In the case of the Val di Setta drinking water plant, the certification was completed without any nonconformities. The process is rarely so clear-cut, rewarding Hera’s commitment over the past year, the length of the entire process. The efficiency measures implemented in 2020 for managing the drinking water plant led to an overall improvement in the use of resources during the plant’s operations. For example, the filter washing phase was optimized thanks to a priorly conducted study, leading to an overall saving coming to roughly 2,400 cubic meters of water per day in water treatment and purification. The AWS also certifies the degree of efficiency, and the Val di Setta plant is outstanding in this regard: to introduce one litre of drinking water into the aqueduct, it takes 1.1 from the environment, compared to an average amount of 1.7 litres for 1 litre of bottled water. Increased good practices at the heart of the certification This certification is also centred around involving the local community in good practices. The Alliance for Water Stewardship is in fact a global organization created with the main goal of raising public awareness on issues related to water scarcity and the proper use of water. The certification must therefore also indicate that the party in question is committed to communicating the importance of water, promoting its efficient and responsible use in the local area and sharing good management practices with other local figures. The AWS thus aims at creating local and international networks of companies actively involved in managing water resources. 38 million cubic metres of water per year, for 34 municipalities Hera’s drinking water plant in Sasso Marconi takes water from the Reno river and the Setta stream, makes it drinkable and serves 34 municipalities in the Bologna area, including the capital, with a total of almost 800,000 inhabitants. 42% of the overall drinking water supplied in the province comes from here, with an average of 38 million cubic metres per year. The plant works on a continuous cycle and is fully automated and controlled 24 hours a day by the Hera Group’s remote control centre, so that the slightest change in the service is reported and it is possible to intervene in real time, even remotely. “The virtuous management of water for us is fundamental, and with this certification we wish to formalize our commitment even more strongly. This is why we chose the Val di Setta drinking water plant”, comments Susanna Zucchelli, Group’s Water Manager. “One of the most important plants, it supplies important institutional and industrial facilities, and can therefore contribute to forming the sort of local network that is highly desired by this standard and enables us to share actions and best practices. One example is the collaboration initiated some time ago with Philip Morris, which has a large plant in Valsamoggia, served by our water treatment plant.” potabilizzatore_val_di_setta.jpg Press release Hera has the world's first AWS certified drinking water plant.pdf 2021-07-30 11:25:00 Potabilizzatore Potabilizzatore 2019-07-03
Online since 30/07/2021 at 11:25
28/07/2021
Price sensitive
Financial Results

Hera BoD approves results for 1H 2021

The half-year report shows significant growth in operating and financial indicators, thanks to the contribution coming from the Group’s main businesses. The pursuit of sustainable development and financial solidity are confirmed as strong points, as further verified by the recent S&P ESG Evaluation and the net debt/Ebitda ratio, which further improved to 2.5x Financial highlights Revenues at 4,179.7 million euro (+22.8%) Ebitda at 617.9 million euro (+10.4%) Net profit for Shareholders at 216.1 million euro (+30.0%) Strong improvement in net financial debt, now at 2,956.7 million euro, with a further decrease in the net debt/Ebitda ratio, now at 2.5x Operating highlights Good contribution to growth comes from the Group’s main businesses, in particular the energy and waste areas Progression of results underpinned both by organic growth and M&A Solid customer base in energy sectors, coming to almost 3.4 million customers Today, the Hera Group’s Board of Directors, chaired by Tomaso Tommasi di Vignano, unanimously approved the consolidated operating results for the first half of 2021, which confirm the positive trend shown by the Group, with strong growth in the main operating and financial indicators, and financial solidity confirmed by the further improvement in the net debt/Ebitda ratio, now at 2.5x. Hera thus continues along its uninterrupted path of development, promoting growth led by sustainability and innovation and relying on a strategy that balances internal growth and M&As and combines regulated and free market activities. Among the main changes in the scope of consolidation, external growth occurred through a few transactions in the waste management sector, in particular the acquisition of 70% of Recycla, a Friuli-based company that manages three platforms for solid and liquid industrial waste and is headquartered in Maniago (PN), consolidated in the first half of 2021. In addition, 31% of SEA, a company operating in the Marche region with a solid facility for industrial waste, was acquired, and a further transaction will be closed in the same area within the summer. Furthermore, another acquisition will contribute to the results in second half: yesterday it was finalised the acquisition of the 90% of share capital of Ecogas, operating in Abruzzo, which will bring roughly 22,000 new customers and will lead the Group to consolidate its role as the third largest operator in that area, with roughly 90,000 customers. Revenues increase sharply, coming to roughly 4.2 billion euro In the first half of 2021, revenues amounted to 4,179.7 million, rising considerably by 777.4 million (+22.8%) compared to the 3,402.3 million seen in the same period of 2020, thanks to the contribution coming from all business areas. In particular, the waste management sector contributed to growth with an increase in waste treated and plastics sold, as did the energy areas. In this area, higher revenues came from trading, higher volumes of gas sold, the increased price of electricity and generation, as well as growth in the heat management business and value-added services. Ebitda rises to 617.9 million euro Ebitda amounted to 617.9 million, up by 58.2 million (+10.4%) over the 559.7 million seen at 30 June 2020. This growth was mainly driven by the energy area, due to higher sales and trading margins, and the waste management sector. Operating results and pre-tax profits increase Operating income rose to 343.6 million (+16.2%), compared to 295.7 million in the same period of 2020, partially due to improved financial operations, coming to 55.1 million. This result includes higher charges resulting from the sale of tax credits as part of ecobonus-related activities. Pre-tax profit rose to 288.5 million (+20.5%), up compared to the 239.5 million in the first half of 2020, for reasons including non-recurring items related to a tax exemptions, as described in further detail below. Net profits for Shareholders up, reaching 216.1 million euro Thanks to a tax rate coming to 26.7%, an improvement compared to the 27% seen in the first half of 2020, achieved thanks to the Group’s commitment investment in technological, digital and environmental transformation following Utility 4.0 trends, net profits at 30 June 2021 rose to 236.2 million (+35.1%), compared to 174.9 million in the first half of 2020. This increase is also linked to the value of special items, which contributed with 24.7 million, also due to the effects of the tax realignment concerning some goodwill recognised in the financial statements for 46.3 million. Also due to this factor, profit attributable to Group Shareholders increased sharply, coming to 216.1 million (+30.0%), as against the 166.2 million seen in the same period one year earlier. Strong increase in investments and improvement in net financial debt Net operating investments went from 195.1 million at 30 June 2020 to 237.4 million in the first half of 2021, up 21.7%, and were mainly related to works on plants, networks and infrastructures, in addition to investments for the large-scale meter replacement and the purification and sewage sector. Thanks to the positive contribution coming from operations, which allowed both higher investments and M&A transactions to be fully financed, net financial debt further improved, settling at 2,956.7 million at 30 June 2021, compared to 3,227.0 million at 31 December 2020. The Group’s financial solidity was also confirmed by the net debt/Ebitda ratio, which in the first half of 2021 dropped to 2.5x, a further improvement compared to 2.87x at the end of 2020 and 2.81x at 30 June 2020. Hera’s financial strength – also reflected in the ratings given by the main rating agencies, including Standard & Poor's recent upgrade to BBB+ with a stable outlook – goes hand in hand with the sustainable development strategy it has pursued since its establishment, along with its ability to manage risks and opportunities, as shown last week by S&P Global Rating’s ESG Evaluation. Gas Ebitda for the gas area – which includes services in natural gas distribution and sales, district heating and heat management – amounted to 244.1 million in the first half of 2021, a strong improvement (+21.6%) compared to the 200.8 million seen at 30 June 2020. This result was achieved mainly thanks to growth in both traditional and last resort markets. In particular, the Hera Group is increasingly consolidating its presence, with 8 portions awarded in the last resort gas service in 16 regions, 5 portions in the gas distribution default service in 12 regions and 9 portions of the Consip GAS13 tender in 12 regions. An increase in the energy services management business also contributed to growth, due to the greater activities linked to the insulation bonus and energy efficiency works for condominiums, district heating volumes and increased activities in Bulgaria. There was a slight increase in the customer base (+0.8% compared to the same period during the previous year), which totalled more than 2 million, to which the customers acquired from the Abruzzo company Ecogas will be added in the second half of the year. The gas area accounted for 39.5% of Group Ebitda. Water Ebitda for the integrated water cycle area – which includes aqueduct, purification and sewerage services – remained stable at 122.3 million at 30 June 2021, compared to 122.7 million in the first half of 2020. This result reflects higher operating costs on networks and plants, especially on electricity costs and on sludge disposal, compared to the previous year, partially offset by increased revenues from new connections and services for third parties. The integrated water cycle area accounted for 19.8% of Group Ebitda. Waste In the first half of 2021, Ebitda for the waste management area – which includes waste collection, treatment, recycling and disposal services – grew to 142.6 million, with a strong 16.5% increase compared to the 122.4 million seen at 30 June 2020, thanks in particular to growth in volumes treated, an increase in sales of recycled plastic products and higher revenues from electricity generation and biomethane production. The earliest positive impacts of the new acquisitions also appeared, especially from Recycla, which contributed 3.5 million to the results as of 1st January. Against a backdrop of recovery in the sector, the Group thus further confirmed and consolidated its leadership, partially due to partnerships in the industrial waste and environmental remediation and restoration sectors, which helped further expand its plant facilities, which now number around ninety, capable of handling all types of waste. Hera also continues to develop initiatives for an increasingly circular economy, from material recovery activities, thanks to the company Aliplast, which operates in plastic recycling and whose volumes are growing rapidly, to the production of renewable energy and biomethane, and Hera Business Solution, a “turnkey” multi-service proposal for large companies offering sustainable and integrated management of waste, water and energy. Further growth was seen in sorted waste collection, which stood at 65.8% at 30 June 2021, compared to 64.4% in the first half of 2020, thanks to the numerous projects introduced. The waste management area accounted for 23.1% of Group Ebitda. Electricity In the first half of 2021, Ebitda for the electricity area – which includes electricity generation, distribution and sales services – settled at 90.0 million, compared to the 97.0 million seen at 30 June 2020. Lower earnings in the safeguarded segment of the last resort market, due to a different scope of portions managed, and lower electricity generation activities were partially offset by the positive result of trading activities and strong commercial development, supported by innovative offers, value-added services and increasing investments to improve customer experience and customer segmentation based on different needs. Customers increased slightly (+1.4%), reaching over 1.3 million. The electricity area accounted for 14.6% of Group Ebitda. Statement by Executive Chairman Tomaso Tommasi di Vignano Our half-year results reflect the good performance of the Group and encourage us to look towards the future with confidence, in line with our long-standing path of growth and our focus on creating value for our shareholders and the local areas in which we operate. In particular, respecting the strategic guidelines contained in our Business Plan to 2024, we are carrying out a series of transactions aimed at external growth, which will allow us to consolidate our leadership in Italy in waste treatment and further expand our plant platform, with cutting-edge facilities and circular economy solutions for companies. In this way, we will be able to continue to extend the scope of our activity, extracting synergies and guaranteeing increasing benefits for our customers, thanks to a more pervasive presence in the areas served. The acquisitions in the waste management area alone, once completed, will create an additional contribution to the Hera Group’s Ebitda coming to approximately 20 million euro, above and beyond the value of the synergies expected from these integrations. Statement by CEO Stefano Venier The results achieved in the first half of the year show a further reinforcement of our financial solidity, based on an excellent operating performance and effective management of working capital. This balanced and solid path allows us to effectively govern the changes underway, guaranteeing further expansion in investments and continuing to implement the development strategy outlined in our Business Plan, capable of combining growth and solutions supporting the transition, as further confirmed quite recently by S&P Global Rating’s ESG Evaluation. The manager responsible for drafting the company’s accounting statements, Luca Moroni, declares, pursuant to article 154-bis paragraph 2 of the TUF, that the information contained in the present press release corresponds to the documentation available and to the account books and entries. The Half-Year Financial Statement and related materials will be available to the public pursuant to the terms established by law at Company Headquarters, on the website www.gruppohera.it and on the authorised storage platform 1Info (www.1info.it ). Unaudited extracts from the Abbreviated Consolidated Half-Year Financial Statements at 30 June 2021 are attached. Profit & Loss (m€) 30/06/2021 Inc. % 30/06/2020 Inc. % Ch. Ch. % Sales 4,179.7 3,402.3 +777.4 +22.8% Other operating revenues 140.2 3.4% 222.6 6.5% (82.4) (37.0%) Raw material (2,128.5) (50.9%) (1,605.1) (47.2%) +523.4 +32.6% Services costs (1,260.1) (30.1%) (1,151.0) (33.8%) +109.1 +9.5% Other operating expenses (37.9) (0.9%) (32.5) (1.0%) +5.4 +16.6% Personnel costs (301.8) (7.2%) (290.9) (8.5%) +10.9 +3.7% Capitalisations 26.3 0.6% 14.3 0.4% +12.0 +84.0% Ebitda 617.9 14.8% 559.7 16.5% +58.2 +10.4% Depreciation and provisions (274.3) (6.6%) (264.0) (7.8%) +10.3 +3.9% Ebit 343.6 8.2% 295.7 8.7% +47.9 +16.2% Financial inc./(exp.) (55.1) (1.3%) (56.2) (1.7%) (1.1) (2.0%) Pre tax profit 288.5 6.9% 239.5 7.0% +49.0 +20.5% Taxes (77.0) (1.8%) (64.6) (1.9%) +12.4 +19.2% Net profit 211.5 5.1% 174.9 5.1% +36.6 +20.9% Special items 24.7 0.6% - 0.0% +24.7 +100.0% Net profit 236.2 5.7% 174.9 5.1% +61.3 +35.1% Attributable to: Shareholders of the Parent Company 216.1 5.2% 166.2 4.9% +49.9 +30.0% Minority shareholders 20.1 0.5% 8.7 0.3% +11.4 +131.1% Balance Sheet (m€) 30/06/2021 Inc.% 31/12/2020 Inc.% Ch. Ch. % Net fixed assets 7,097.6 113.4% 6,983.6 109.4% +114.0 +1.6% Working capital (176.8) (2.8%) 53.6 0.8% (230.4) (429.9%) (Provisions) (663.4) (10.6%) (654.9) (10.2%) (8.5) +1.3% Net invested capital 6,257.4 100.0% 6,382.3 100.0% (124.9) (2.0%) Net equity 3,300.7 52.7% 3,155.3 49.4% +145.4 +4.6% Long term net financial debt 3,460.6 55.3% 3,617.1 56.7% (156.5) (4.3%) Short term net financial debt (503.9) (8.0%) (390.1) (6.1%) (113.8) +29.2% Net financial debts 2,956.7 47.3% 3,227.0 50.6% (270.3) (8.4%) Net invested capital 6,257.4 100.0% 6,382.3 100.0% (124.9) (2.0%) Press release 1H2021.pdf 2021-07-28 13:00:00 Sede Gruppo Sede Gruppo 2019-07-03
21/07/2021
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Hera among the best utilities in the S&P Global Ratings ESG evaluations

The Hera Group ranks 5th internationally among the Utility Networks assessed by this rating agency’s Sustainable Finance analysts, thanks to its focus on sustainability, which has characterised the Group since its establishment, and its ability to manage risks and opportunities After being included in the Dow Jones Sustainability Index, World and Europe, in 2020, the Hera Group has once again confirmed its standing as one of the companies most attentive to sustainability and ESG aspects internationally. Hera’s ESG Evaluation, carried out by the Sustainable Finance analysts of S&P Global Ratings, was indeed published today. This is a cross-industry assessment of a company’s ability to effectively manage, over the medium and long term, its exposure to environmental, social and governance risks, as well as to seize opportunities arising from the changes occurring in a constantly evolving international context. The Hera Group is the first company in Italy to publish its ESG Evaluation, in which it obtained an overall score of 81/100, making it one of the top fifteen companies assessed internationally by S&P Global Ratings. The score obtained (81) places it well above the international (68) and European (73) average and ranks Hera fifth internationally among Utility Networks (with the sector average coming to 74). This is a further important recognition of the attention that the Hera Group pays to ESG aspects in pursuing its strategy of sustainable, long-term growth, which has characterised it since it was established in 2002, which complements and goes hand in hand with its financial solidity, confirmed by its recent rating upgrade. In particular, in the ESG Evaluation, the Hera Group is assessed by S&P Global Ratings as being strongly prepared to implement its growth and development strategy, ready to face the potential risks deriving from regulations in an economy that is moving towards the circular model, with low emissions, supporting the resilience of its well-diversified business model. Among the Group’s most distinctive factors, the following were positively evaluated: a robust governance, characterised by a high level of independence and transparency; a proven ability to anticipate change and a solid track record in setting and achieving targets; an ability to capitalise on the principles of the circular economy by investing in technology and innovation, with results exceeding its peers; a long-term growth strategy anchored to sustainability principles (by creating shared value, in line with the goals on the UN 2030 Agenda); a good level of diversity, thanks to a high percentage of women in managerial positions, and the inclusive approach to local communities, through their constant engagement thanks to targeted initiatives. https://eng.gruppohera.it/group_eng/investor-relations/hera-stock Hera stock Press release ESG Evaluation.pdf 2021-07-21 11:21:00 Nuova_Palazzina_1_110x150_s1.jpg 2019-07-03
07/07/2021
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Hera and INALCA (Cremonini Group) together to produce biomethane

The two companies have partnered to form a NewCo for transforming organic waste and agro-food wastewater into 100% renewable methane and compost, using a plant equipped with the most efficient technologies and in line with circular economy principles. A 28 million Euro investment has been allocated. Hera Group's subsidiary Herambiente, the national leader in the waste management sector, and the company INALCA (Cremonini Group), leader in meat production and food distribution, signed a partnership agreement to set up the NewCo BIORG for the production of biomethane, a 100% renewable fuel, and compost from the sorted-waste collection of organic and food waste. Through an investment of approximately 28 million Euro, a site owned by Herambiente in Spilamberto, in the Modena area, will be renovated using the best available technologies. The biomethane production plant will be operational by 2022. After the pioneering experience in Sant’Agata Bolognese (BO) launched in 2018, the Hera Group is thus continuing to develop its biomethane supply chain, with the aim of producing more than 15.5 million cubic metres per year by 2024, more than doubling the current volume. The partnership will generate significant environmental benefits, including for the local area In particular, in line with the Group’s emphasis on all aspects of environmental sustainability, the Spilamberto plant will not require using new land. The natural gas will be generated by the anaerobic digestion of organic waste from the Hera Group's sorted waste collection and waste from the processing of the agro-food industry, including the meat production cycle of INALCA, a company controlled by the Cremonini Group. When fully operational, production is expected to be 3.7 million cubic metres of biomethane per year, which will be injected into the gas network and returned to the local area for automotive use. The resulting environmental benefits are significant: each year approximately 3,000 TOE (tons of oil equivalent) of fossil fuel will be saved and approximately 7,000 tons of atmospheric CO2 emissions will be avoid. The operation will also enable the recovery of materials as well as energy. Instead of being disposed of, the waste resulting from the anaerobic digestion process, technically called solid digestate, will be further recovered, transferring it to the composting plant in Nonantola (MO) - currently owned by the Cremonini Group and to be transferred to BIORG - to produce approximately 18,000 tons of compost per year, which may be used as a biofertiliser in agriculture. Thanks to this NewCo, therefore, the Group will be able to make tangible contributions to the local-area circular economy in keeping with the guidelines of the recent PNRR (National Recovery and Resilience Plan) which promotes and supports the construction of new facilities for the production of biofuels. “The Hera Group has always been at the forefront in promoting environmental sustainability and the circular economy: all our projects go in this direction, while at the same time fostering innovation and the growth both of the company and the areas in which we operate” - states Andrea Ramonda, CEO of Herambiente. “Regarding the development of the biomethane chain in particular, our agreement with a first-class partner such as INALCA represents a further step forward for us after having established the first plant ever built in Italy by a multi-utility to produce biomethane on an industrial scale, the one in Sant’Agata Bolognese. Thanks to the know-how gained through this facility, we are always aiming at new initiatives for a circular economy transition, in line with our Strategic Plan up to 2024”. “This agreement consolidates and strengthens INALCA’s integrated and sustainable production model," the company’s CEO Luigi Scordamaglia explained. “In fact, the new plant allows the processing waste from our production activities to be fully exploited, confirming INALCA’s ‘zero waste’ commitment. In addition, an effective industrial synergy is achieved, with the production of biomethane and composting in two perfectly complementary plants. For this reason, this agreement with a company with know-how and state-of-the-art technologies such as Hera proves that only true innovation can generate the competitive sustainability that reduces impact on the environment while at the same time generating higher added value for the entire livestock sector”. The Hera Group is one of the largest Italian multi-utilities and operates in the waste-management, energy and water sectors, with over 9,000 employees who are committed every day to meeting the multiple needs of approximately 5 million citizens located mainly in Emilia-Romagna, Veneto, Friuli-Venezia Giulia, Marche, Tuscany and Abruzzo. Listed since 2003, it joined the FTSE MIB on 18 March 2019 and the Dow Jones Sustainability Index, World and Europe, on 23 November 2020. Its subsidiary Herambiente is the leading national operator in the waste management sector, with approximately 90 state-of-the-art plants that treat all types of waste. For additional information: https://eng.gruppohera.it; http://ha.gruppohera.it/?lang=2 INALCA S.p.A. is a Cremonini Group's company, European leader in the production of beef and processed meat products, cured meats, bacon and snacks (with the brands Inalca, Montana, Manzotin, Italia Alimentari, Fiorani and Ibis), and in the international distribution of top-quality food products (Inalca Food & Beverage). The company, which controls the entire production chain from breeding to distribution and is jointly controlled by the Italian state through Cdp Equity (Cassa Depositi & Prestiti Group), recorded revenues of EUR 2,121.5 million € in 2020, 30% of which from exports. Its industrial structure consists of 21 production plants (16 of which are in Italy and 5 abroad) and 26 logistical distribution platforms. It includes 9 farms (7 of which are in Italy and 2 abroad) and more than 100 breeding farms, for a total of 180,000 animals raised annually. Press release Hera and INALCA.pdf 2021-07-07 12:52:00 Hera and INALCA (Cremonini Group) together to produce biomethane Hera and INALCA (Cremonini Group) together to produce biomethane 2019-07-03
05/07/2021
Shareholders’ meeting
Price sensitive

Communication of the overall amount of voting rights

(drafted pursuant to article 85-bis, paragraph 4-bis, of Consob Regulation 11971 / 14 May 1999) Bologna, 5 July 2021 - The following table contains the data concerning the shares outstanding and the number of voting rights representing the share capital as at 30 June 2021. Updated situation Previous situation Number of shares constituting the Share capital Number of voting rights Number of shares constituting the Share capital Number of voting rights Total of which: 1,489,538,745 2,231,003,848 1,489,538,745 2,243,043,785 Ordinary shares (regular dividend rights: 01.01.2020) - cod. ISIN IT0001250932 Current coupon: n. 19 748,073,642 748,073,642 736,033,705 736,033,705 Ordinary shares with increased voting rights (regular dividend rights: 01.01.2020) - cod. ISIN IT0005159972 Current coupon: n. 19 741,465,103 1,482,930,206 753,505,040 1,507,010,080 Press release Communication of the overall amount of voting rights art.85 bis.pdf 2021-07-05 09:31:00 Communication of the overall amount of voting rights Communication of the overall amount of voting rights 2019-07-03
30/06/2021
Price sensitive
M&A

Herambiente acquires the company Recycla

The Hera Group has consolidated its leadership in industrial waste treatment and extended its scope of operations in northern Italy thanks to the acquisition of this Friuli-based company. Including the two further transactions to be completed within the summer, the final consolidated contribution to Hera's Ebitda is estimated at approximately 20 million euro. The Hera Group, through its subsidiary Herambiente, Italy’s leading operator in waste treatment and recovery, has acquired 70% of Recycla, a Friuli-based company that manages three platforms for solid and liquid industrial waste, whose central offices are in Maniago (PN). This transaction will confirm Herambiente’s position as a key operator in the sector and allow it to offer its across-the-board waste treatment solutions to new customers. Through its company Hasi (Herambiente Servizi Industriali), Italy’s largest industrial waste management company, Herambiente has thus consolidated and expanded its facilities serving businesses, with 15 multifunctional sites dedicated to the treatment of waste produced by companies and 1.2 million tonnes of industrial waste treated each year. Important synergies are expected with its industrial centres in Pisa Province and at Ravenna, which have already been operational for some time. More specifically, the Maniago platform for solid and liquid industrial waste handles over 40,000 tonnes per year of waste produced by companies. In line with the principles of the circular economy, this waste is pre-treated to optimise its characteristics and is mainly destined for energy recovery or chemical-physical treatment. Therefore, only 3% of the waste entering the platform is disposed of in landfills. This transaction, which follows the acquisitions completed in recent years (from Waste Recycling, Teseco and Pistoia Ambiente in Tuscany and Geo Nova and Aliplast in Treviso), is a new step in Herambiente’s continuous growth in the industrial waste treatment sector. This development will be further strengthened by two agreements already signed with companies operating in the Marche and Veneto regions in the same industrial sector, which will be finalised within the summer. When fully operational, thanks to these three transactions, an additional 350,000 tonnes of industrial waste produced by 3,300 new customers will be treated each year, and the contribution to the Hera Group’s Ebitda will come to approximately 20 million euro when the transactions are finalised. The strategic priority of Herambiente, which can count on a total of roughly 90 certified, state-of-the-art plants that combine efficiency, cost competitiveness and sustainability, is to offer companies waste treatment solutions in line with the circular economy. The new acquisitions, therefore, respect this strategic orientation and will guarantee positive returns in the areas served and economic benefits for customers. Lastly, all these transactions share a rationale that is part of Herambiente Servizi Industriali’s DNA: remaining close to its customers. Integrating these new platforms with the current set of plants will increase the wide availability of solutions in areas served for years by Herambiente, improving the efficiency and quality of services for local businesses. “With this acquisition, we continue to pursue our significant strategic development in the industrial waste sector, guaranteeing service continuity and competitiveness for companies,” comments Tomaso Tommasi di Vignano, Executive Chairman of the Hera Group. “In the upcoming months, we will close transactions with two further important companies operating in this sector. Taken as a whole, these three transactions will involve a total investment of 122 million euro and will add 200 qualified resources to our Group”. Press release Press release Recycla.pdf 2021-06-30 12:55:00 Hera Hera 2019-07-03
16/06/2021
Price sensitive
Hera Spa
Other press releases

Hera at the top of the 2021 Integrated Governance Index

The Hera Group leads the overall ranking in this index, which measures the extent to which sustainability is integrated within corporate strategies. Hera is also at the top of the finance category, for the fourth consecutive year, and second in the special ESG Identity survey Hera ranks first among Italian companies for its full and conscious integration of sustainability policies within its business strategies. This has been confirmed by the 2021 Integrated Governance Index, presented today at the ESG Business Conference, an authoritative model for analysing ESG factors, i.e. the social, environmental and governance aspects of business activities. In addition to leading the overall ranking, Hera also stands out in two other dedicated rankings. For the fourth year in a row, the Group is at the top of the sustainable finance category, which analyses the links between a company and responsible investors. It also ranked second in the special 2021 ESG Identity survey, which focuses on a company’s ability to enhance its sustainable identity, through means including stakeholder involvement, first and foremost customers and suppliers. “This recognition”, remarks Hera Group Executive Chairman Tomaso Tommasi di Vignano, “certifies once again the validity of the direction pursued since our establishment. Sustainability is in fact fully integrated within our activities, across the board, and represents a strategic asset in all respects. As is stated in our Articles of Association, Hera’s growth is accompanied by the generation of shared value for the communities and local areas served, which in turn are priority elements for defining financial and investment policies.” Sustainability at the heart of the Group’s strategies For the Hera Group, uninterrupted growth in operating results goes hand in hand with increasing attention to sustainability. In 2016, Hera introduced shared value reporting, referring to those business activities which, in addition to generating margins, respond to the drivers for sustainable growth defined by the UN 2030 Agenda and, more generally, various national and international policies. In 2020, shared value Ebitda rose to 420.0 million euro (+7.2%), equivalent to 37.4% of total Ebitda. This is in line with the path set out by the Business Plan, which projects this value at 50% of total Ebitda by 2024. Hera gave further evidence of the central role played by creating shared value when it introduced the concept of Purpose in its Articles of Association, among the first companies in Italy to do so. Last April, the Shareholders Meeting approved a paragraph explaining the Group’s corporate purpose, i.e. the objectives it aims to achieve in carrying out its business activities, thus reaffirming its commitment to sustainability. The Articles thus updated – in line with Borsa Italiana’s new Corporate Governance Code and best practices at European level – allow the Group to further strengthen its commitment to the energy transition and the circular economy. Lastly, as regards sustainable finance, in line with the growing interest shown by investors towards ESG factors, Hera has proven able to act swiftly, adopting innovative models that have led it to play a pioneering role in the sector. It was in fact the first company in Italy to launch a green bond, in 2014, followed by a second issue in 2019. Three years ago, the first sustainable revolving credit line was launched, introducing bonuses linked to achieving specific environmental, social and governance (ESG) goals. These include, for example, additionally reducing the carbon footprint in energy production, reaching new energy efficiency targets and improving sorted waste collection. The Integrated Governance Index The Integrated Governance Index is the only model for quantitatively analysing degree to which ESG factors are integrated into corporate strategies. Developed by ETicaNews, with the academic and legal support of specialised associations and advisors, it is now in its sixth edition. This index is increasingly used as an indicator of a company’s ESG identity. This year, IGI invited Italy’s top 100 listed companies, companies that publish a non-financial statement, and the top 50 non-listed companies to participate, thus reaching the highest number to date of companies analysed. The index now covers 60% of the companies listed on the FTSE Mib and 50% of Italy’s top 100 listed companies. Press release Press release IGI 2021.pdf 2021-06-16 10:41:00 IGI 2021 IGI 2021 2019-07-03
Online since 16/06/2021 at 10:41
04/06/2021
Shareholders’ meeting
Price sensitive

Communication of the overall amount of voting rights

(drafted pursuant to article 85-bis, paragraph 4-bis, of Consob Regulation 11971 / 14 May 1999) Bologna, 4 June 2021 - The following table contains the data concerning the shares outstanding and the number of voting rights representing the share capital at 31 May 2021. Updated situation Previous situation Number of shares constituting the Share capital Number of voting rights Number of shares constituting the Share capital Number of voting rights Total of which: 1,489,538,745 2,243,043,785 1,489,538,745 2,243,088,785 Ordinary shares (regular dividend rights: 01.01.2020) - cod. ISIN IT0001250932 Current coupon: n. 19 736,033,705 736,033,705 735,988,705 735,988,705 Ordinary shares with increased voting rights (regular dividend rights: 01.01.2020) - cod. ISIN IT0005159972 Current coupon: n. 19 753,505,040 1,507,010,080 753,550,040 1,507,100,080 Press release Communication overall amount of voting rights art.85bis.pdf 2021-06-04 09:38:00 Comunicazione dell'ammontare complessivo dei diritti di voto Communication of the overall amount of voting rights 2019-07-03
Press releases
24/05/2021
Price sensitive

The company Tremonti founded: Ambienthesis, Herambiente, Sersys Ambiente and Edison together for remediation in sites to be reclaimed

The NewCo will carry out its first interventions in the Tre Monti area of the Bussi sul Tirino (PE) site of national interest, and will later extend its activities to areas of the Bussi industrial plant and Piano d'Orta. The company Tremonti founded The company Tremonti founded Tremonti, a NewCo specialising in soil and groundwater remediation services, has been created thanks to the expertise of four leading operators in environmental services: Ambienthesis, Herambiente (Hera Group), Sersys Ambiente and Edison. The NewCo will carry out its initial activities in the Tre Monti area of the Bussi sul Tirino (PE) site of national interest (SNI) and will gradually extend its activities to the Piano d’Orta area and the Bussi industrial plant, as soon as the legal proceedings still pending allow it to do so. This special-purpose company is an exemplary model for managing and successful resolving cases of land contaminated in the past by industrial firms in Italy, such as the former Montedison sites, which Edison is now fully responsible for recovering. The new company’s partners are Ambienthesis, a leader in remediation, environmental reclamation and special and hazardous waste treatment, recovery and disposal; Herambiente, a member of the Hera Group and Italy’s leading waste treatment operator, offering innovative and sustainable integrated management solutions thanks to its roughly 90 plants equipped with the best technologies; Sersys Ambiente, which specialises in environmental services, from waste analysis and management to remediation planning; and Edison, a leading figure in the Italian energy transition, committed to production from renewable sources, efficient use of resources and environmental services. NewCo’s first projects will be carried out in the northern part of the Tre Monti area of the Bussi sul Tirino SNI and will prolong the work carried out by Edison in this portion of the site. The technology chosen involves thermal desorption, a system of soil heating using deep pipes to evaporate and extract the volatile and semi-volatile organic substances present underground. Waste mixed with topsoil will be removed and transferred to treatment sites and, where possible, recovered. Once the Ministry of Ecological Transition has verified the results of activities on the first portion of land, the intervention will be extended to the entire northern area. The NewCo will progressively extend its work to the Piano d’Orta and industrial plant areas. Work is already underway to remove the waste present on the surface of the land in the southern area of Tre Monti. Given the sensitivity of this issue and the need to ensure constant communication with the authorities, the work is expected to be completed by 2024. In the Tre Monti area, Edison began working in 2016 with a broad research plan designed to fill the gaps in knowledge left by the previous commission’s management with regard to the type of substances present on the surface and in the subsoil. Consequently, the company secured the site by restoring capping, the surface covering system, and building a Pump & Treat plant to treat and purify the underlying groundwater, with costs fully borne by the company. Ambienthesis Ambienthesis is a Greenthesis Group company specialising in environmental remediation and treatment, recovery and disposal of hazardous and non-hazardous waste. For over 30 years, Ambienthesis has been a national leader in environmental services and waste management, offering its consolidated experience based on specific know-how in the integrated management of industrial waste. With hundreds of restored and secured areas, including Sites of National Interest (SNI), Ambienthesis is one of the leading companies in Italy in the field of remediation, a sector in which it stands out for its interventions that use the most advanced technologies. In line with the recent directives of the European Green Deal, which impose high standards for managing the waste cycle and the related technologies, and consistent with the dictates of the Green and Circular Economy, Ambienthesis and its entire Group have made innovation and environmental sustainability the cornerstones of their business model, based on a comprehensive and structured ESG strategy. Edison Edison is the oldest energy company in Europe, with over 135 years of record performances, and is one of the leading operators in the sector in Italy. It is at the forefront of the challenges involved in the energy transition, through the development of low-carbon generation, energy efficiency services and sustainable mobility, in fully in line with the National Integrated Energy and Climate Plan (PNIEC) and the objectives defined by the European Green Deal. Edison sells electricity, natural gas and energy and environmental services to 1.6 million end customers. Its operations are integrated along the electricity value chain, from production to sales of the energy component. It has a highly flexible and efficient set of power plants, consisting of 200 power stations including hydroelectric, wind, solar and combined cycle gas-fired thermoelectric plants. The Group’s net installed capacity totals 7 GW and in 2020 it generated 18.1 TWh, covering 7% of national electricity production. Today it operates in Italy and Europe, employing over 4,000 people. Sersys Ambiente Sersys Ambiente, a company present throughout Italy, acts as a point of reference – as regards regulations, operations and management – for industrial and public figures that necessarily deal with environmental issues. With over thirty years’ experience in the field of environmental services and in-depth knowledge of regulations, Sersys Ambiente operates across the board in this sector, through legal and engineering consultancy and direct interventions such as reclamation, monitoring, laboratory analyses and waste management. It has recently launched an investment strategy in the field of renewable energy, biomethane in particular. Sersys Ambiente is headquartered in Rivoli and draws on the experience of over 300 professionals with expertise in various environmental disciplines. Herambiente The Hera Group is one of Italy’s largest multi-utilities and operates in the waste management, energy and water sectors, with more than 9,000 employees committed every day to meeting a range of needs of approximately 5 million citizens located mainly in the Emilia-Romagna, Veneto, Friuli-Venezia Giulia, Marche, Tuscany and Abruzzo regions. Publicly listed since 2003, it joined the FTSE MIB on 18 March 2019 and the Dow Jones Sustainability Index, World and Europe, on 23 November 2020. Its subsidiary Herambiente is the nation’s leading operator in the waste management sector with roughly 90 state-of-the-art plants capable of treating any type of waste. For further information: www.gruppohera.it, www.herambiente.it Press release The company Tremonti founded.pdf 2021-05-24 11:38:00 The company Tremonti founded The company Tremonti founded 2019-11-11
Press releases
12/05/2021
Price sensitive
Financial Results
Hera Spa

Hera BoD approves 1Q 2021 results

The consolidated quarterly report at 31 March shows further improvement in all main operating and financial indicators, with financial solidity confirmed as a strong point, as has also been recently highlighted by the upgraded rating given by S&P’s, now BBB+ with a stable outlook. Hera continues, furthermore, to create value for the areas served, promoting sustainability and innovation as strategic drivers for growth sede Hera sede Hera Financial highlights Revenues at 2,271.8 million euro (+10.5%) Ebitda at 362.0 million euro (+3.7%) Net profit for Shareholders at 132.2 million euro (+6.3%) Net financial debt shows strong improvement, now at 3,077.6 million euro, and net debt/Ebitda ratio falls to 2.71x Operating highlights Good contribution to growth coming from the Group’s main businesses, the energy sectors and waste management in particular Solid energy customer base, now reaching almost 3.4 million Further development in initiatives for the circular economy, with aspects including state of the art plants and increasingly green services for companies and citizens Today, the Hera Group’s Board of Directors, chaired by Tomaso Tommasi di Vignano, unanimously approved the consolidated results for the first quarter of 2021, with all main operating and financial indicators improving, compared to the same period in the previous year, thanks to the Group’s solid, efficient and sustainable multi-business strategy and a good operating, financial and fiscal management. The energy sectors and the waste management area made a particularly important contribution. Also note the additional improvement in financial solidity, with a strong reduction in net financial debt. The results achieved confirm, once again, the validity of the Group’s business model, which balances regulated and free market activities, and combines an increasingly efficient management of services with a search for new external development opportunities. At the same time, sustainability and innovation are promoted as strategic growth drivers, in line with European policies and the objectives of the UN Agenda, creating value for shareholders and for the communities served. At 31 March 2021, the number of energy customers reached almost 3.4 million, thanks to factors including marketing initiatives and reinforced value-added services, from “green” offers to the sale and installation of LED devices, smart boilers and thermostats, as well as energy diagnoses, contracts for energy services, systems and targeted upgrading projects. The acquisition in September 2020 of the company Wölmann, which operates in the photovoltaic panel installation sector, is also part of this context and represents the main change in scope of operations compared to the first quarter of the previous year. Revenues reach approximately 2.3 billion (+10.5%) In the first quarter of 2021, revenues amounted to 2,271.8 million, up 10.5% compared to the 2,055.8 million seen in the same period of 2020. This result was sustained in particular by the energy sectors, with higher revenues from trading, higher volumes of gas sold and an increase in the price of electricity, in addition to the heat management business and activities involving value-added services for customers. Revenues from district heating and regulated network services also increased, as did those from the waste management area, thanks to energy production and a higher amount of waste treated. Ebitda rises to 362.0 million (+3.7%) Ebitda rose from 349.2 million in the first quarter of 2020 to 362.0 million at 31 March 2021, showing a 12.8 million (+3.7%) increase. This growth is due in particular to the performance achieved in the energy areas, which grew by 12.3 million overall, mainly due to higher sales margins and trading. Positive contributions also came from the waste management area and other services, while the water cycle saw a slight fall. Operating result and pre-tax profit increase Ebit rose, amounting to 223.1 million at 31 March 2021, up from 211.7 million in the same period of 2020 (+5.4%). Financial operations were largely unchanged, at 28.8 million, with an increase in charges for tax credit sales as part of ecobonus-related activities, offset by higher income for late payment indemnities on credits in the “last resort” markets. Pre-tax profit rose to 194.3 million (+6.2%). Net profit for shareholders grows to 132.2 million (+6.3%) Thanks to an improved tax rate, coming to 27.8% compared to 28.8% in the first quarter of 2020, driven by the Group’s commitment to making investments in technological, digital and environmental transformation with an eye to Utility 4.0, net profit at 31 March 2021 reached 140.3 million, up 7.7% compared to the 130.3 million seen in the same period of 2020. Profit pertaining to Group shareholders also rose to 132.2 million, up 6.3% compared to the 124.4 million seen in the same period of 2020. Operating investments rise and net financial debt improves significantly Net operating investments were up significantly, from 91.5 million at 31 March 2020 to 112.6 million (+23.1%) in the first quarter of 2021, and were mainly related to work on plants, networks and infrastructures, with investments in gas distribution concerning the large-scale meter replacement, and in the purification and sewerage area. Thanks in particular to the positive contribution coming from operational management during the quarter, a strong improvement was also seen in net financial debt, which stood at 3,077.6 million, compared to 3,227.0 million at 31 December 2020, down by approximately 150 million. Thanks to the double leverage provided by increased Ebitda and decreased net financial debt, the net debt/Ebitda ratio further improved to 2.71x, both compared to the same quarter last year (2.93x) and to the figure seen at the end of 2020 (2.87x). This data once again confirms the Group’s financial solidity, which also appears in the opinions released by major rating agencies, in particular the recent upgrade by Standard & Poor’s to BBB+ with a stable outlook. Gas Ebitda for the gas area – which includes natural gas distribution and sales services, district heating and heat management – amounted to 178.5 million in the first quarter of 2021, a sharp increase compared to the 160.9 million seen at 31 March 2020 (+11.0%). This result is linked in particular to a sharp rise in volumes sold (+38.1%), thanks to a good performance on traditional markets and new portions awarded in tenders: 8 portions of the last resort gas service in 16 regions of Italy, 5 portions of the default gas distribution service in 12 regions and 9 portions of the Consip GAS13 tender in 12 regions. Furthermore, the district heating area and the heat management business also contributed to this result, due to the increased activities linked to insulation incentives and energy efficiency works. Gas customers reached almost 2.1 million. The gas area accounted for 49.3% of Group Ebitda. Water Ebitda for the integrated water cycle area – which includes aqueduct, purification and sewerage services – went from 57.2 million in the first three months of 2020 to 55.0 million in the first quarter of 2021, a slight decrease mainly due to higher operating costs and network and plant management. These results were partially offset by higher revenues for new connections and by the bonuses for high service standards recognised by the Authority, based on investments made with a view to increasing efficiency and measures aimed at promoting and enhancing sustainability and resilience. The integrated water cycle area accounted for 15.2% of Group Ebitda. Waste Ebitda for the waste management area – which includes waste collection, treatment and disposal services – rose to 70.8 million at 31 March 2021 (+0.9%), compared to 70.2 million in the first quarter of 2020. This growth was mainly driven by the increased volumes treated and higher margins in plastics recovery, as well as higher revenues from electricity generation. Hera confirmed its position as Italy’s leader in the waste management sector, for reasons including its set of 90 advanced facilities for waste treatment, recycling and regeneration, matching European best practices within a national context characterised by a persistent lack of plants. Within a scenario showing recovery in the prices of virgin raw materials and a growing demand for recycled products, Hera also continues to develop initiatives for an increasingly circular economy, thanks to Aliplast’s outstanding capacities in plastic recycling and an increasing production of renewable energy, an area in which the Sant’Agata Bolognese (Bologna) plant for biomethane production from organic waste is a leading example. Consolidated skills in the waste management area are also an important competitive lever that the Group makes available to its customers, first and foremost companies with the Hera Business Solution, a “turnkey” multi-service offer for sustainable and integrated management of waste, water and energy. Results for sorted waste collection were also up, rising to 66.3% at 31 March 2021, compared to 65.4% during the first quarter of 2020, thanks to the many projects implemented in all geographical areas served. The waste management area accounted for 19.6% of Group Ebitda. Electricity Ebitda for the electricity area – which includes electricity generation, distribution and sales services – went from 52.5 million at 31 March 2020 to 47.2 million in the first quarter of 2021, mainly due to the fall in generation due to the changed market conditions in the dispatching service compared with the same period in the previous year, in addition to lower margins in the safeguarded market due to the different scope of the portions managed. These effects were partly offset by the contributions from trading and commercial expansion on traditional markets, supported by innovative offers, value-added services and increased investments to further improve customer experience and customer segmentation based on different needs. Thanks to these activities, the customer base also continued to grow in the electricity area, now reaching over 1.3 million, despite the fall in the number of safeguarded and protected customers. The electricity area accounted for 13.0% of Group Ebitda. The manager responsible for drafting the company’s accounting statements, Luca Moroni, declares, pursuant to article 154-bis paragraph 2 of the TUF, that the information contained in the present press release corresponds to the documentation available and to the account books and entries. The report on operations in the first quarter and related materials are available to the public at Company Headquarters and on the website www.gruppohera.it. Unaudited extracts from the intermediate report on operations at 31 March 2021 are attached. Profit & Loss (m€) 31/03/2021 Inc. % 31/03/2020 Inc. % Ch. Ch. % Sales 2,271.8 2,055.8 +216.0 +10.5% Other operating revenues 100.7 4.4% 109.0 5.3% (8.3) (7.6%) Raw material (1,209.7) (53.2%) (1,035.4) (50.4%) +174.3 +16.8% Services costs (646.9) (28.5%) (627.2) (30.5%) +19.7 +3.1% Other operating expenses (17.1) (0.8%) (12.5) (0.6%) +4.6 +36.8% Personnel costs (150.1) (6.6%) (147.3) (7.2%) +2.8 +1.9% Capitalisations 13.3 0.6% 6.8 0.3% +6.5 +94.9% Ebitda 362.0 15.9% 349.2 17.0% +12.8 +3.7% Depreciation and provisions (138.9) (6.1%) (137.5) (6.7%) +1.4 +1.0% Ebit 223.1 9.8% 211.7 10.3% +11.4 +5.4% Financial inc./(exp.) (28.8) (1.3%) (28.7) (1.4%) +0.1 +0.3% Pre tax profit 194.3 8.6% 183.0 8.9% +11.3 +6.2% Taxes (54.0) (2.4%) (52.7) (2.6%) +1.3 +2.5% Net profit 140.3 6.2% 130.3 6.3% +10.0 +7.7% Attributable to: Shareholders of the Parent Company 132.2 5.8% 124.4 6.0% +7.8 +6.3% Minority shareholders 8.1 0.4% 5.9 0.3% +2.2 +37.2% Balance Sheet (m€) 31/03/2021 Inc.% 31/12/2020 Inc.% Ch. Ch. % Net fixed assets 6,993.3 109.6% 6,983.6 109.4% +9.7 +0.1% Working capital 44.6 0.7% 53.6 0.8% (9.0) (16.8%) (Provisions) (657.5) (10.3%) (654.9) (10.2%) (2.6) +0.4% Net invested capital 6,380.4 100.0% 6,382.3 100.0% (1.9) (0.0%) Net equity 3,302.8 51.8% 3,155.3 49.4% +147.5 +4.7% Long term net financial debt 3,576.5 56.0% 3,617.1 56.7% (40.6) (1.1%) Short term net financial debt (498.9) (7.8%) (390.1) (6.1%) (108.8) +27.9% Net financial debts 3,077.6 48.2% 3,227.0 50.6% (149.4) (4.6%) Net invested capital 6,380.4 100.0% 6,382.3 100.0% (1.9) (0.0%) Press release 1Q2021.pdf 2021-05-12 14:02 Sede Hera Sede Hera 2019-11-11
Online since 12/05/2021

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Hera SpA, Viale Carlo Berti Pichat 2/4, 40127 Bologna, Tel.051287111 www.gruppohera.it