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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
Hera Spa
M&A

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
Hera Spa
Shareholders’ meeting

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
Financial Results
Hera Spa
Other press releases
Price sensitive

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
Hera Spa
M&A
Price sensitive

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
Hera Spa
M&A

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
Hera Spa
M&A
Price sensitive

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
Hera Spa
Other press releases
Price sensitive

Hera Group approves Code of Conduct for suppliers

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

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

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

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
Hera Spa
Shareholders’ meeting

Publication of documents pertaining to the Shareholders Meeting

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

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
Hera Spa
Shareholders’ meeting
Price sensitive

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
Hera Spa
Shareholders’ meeting
Price sensitive

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
Press releases
04/04/2025
Hera Spa
Other press releases

Hera Group: a photovoltaic park for green energy production in Bondeno

<p><em>The plant, installed on an area of 9 hectares, has a 9 MW capacity and produces energy corresponding to the annual consumption of 5,000 households. When fully operational, it will save almost 6 thousand tonnes of carbon dioxide per year.</em></p>
Press releases
04/04/2025
Hera Spa
Other press releases
Shareholders’ meeting

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
02/04/2025
Hera Spa
Other press releases
Price sensitive

Aeroporti di Roma and Hera Group work together to further develop a circular approach to operational process management at Rome’s airports

<p><em>Thanks to an agreement recently renewed for an additional two years, Hera is supporting the company managing the Fiumicino and Ciampino airports to develop circular initiatives aimed at reducing non-recoverable waste, improving recycling rates and making water consumption more efficient.</em></p>
Online since 02-04-2025 at 11:15
Press releases
01/04/2025
Hera Spa
Other press releases
M&A
Price sensitive

Aliplast boosts recycled PET: PET recycling site acquired from Gurit Italia

<p><em>The Hera Group subsidiary, among Europe’s leaders in plastic regenerating, has integrated Gurit Italia’s Carmignano di Brenta plant dedicated to PET recycling, an investment that looks towards the growth of an increasingly important market</em></p>
Online since 01-04-2025 at 13:13

Search Results

11/11/2021
Price sensitive
Other press releases

Hera awarded waste management tender for the Modena area

2021-11-11 The bid for the Modena area made by a temporary consortium led by Hera won thanks to its focus on sustainability, innovation and creating shared value. The contract with Atersir, the regulatory agency and contracting station on behalf of the 32 municipalities involved, will extend over a period of 15 years and will have a value of over 880 million euro. Sede Hera The Emilia-Romagna Territorial Agency for Water and Waste Services (Atersir), the regulatory agency and contracting station, has officially awarded the tender for urban and assimilated waste management in the Modean area to the temporary group of companies (RTI) made up of Hera S.p.A., Giacomo Brodolini Soc. Coop and Consorzio Stabile Ecobi. The numbers of the tender won by the consortium led by the Hera Group The contract concerns 32 municipalities in the Modena area, including the city of Modena, covering an area with approximately 490,000 inhabitants overall. As requested during the tender, the temporary consortium led by the Hera Group – the outgoing manager of this service for the same municipalities – will make significant investments to extend methods for collection over the entire served area that allow waste to be measured precisely, with the aim of minimising the amount of non-sorted waste delivered and increasing the quantity sent for recycling. The contract, to be signed in the upcoming months by Hera and Atersir, has a total value of over 880 million euro and a fifteen-year timespan. More sustainability and increased shared value for communities Thanks to the strong operational skills possessed by Hera and the other companies forming the temporary consortium to which was awarded the contract, the geographical area included in the service contract will be provided with collection models presenting innovative services and equipment, highly oriented towards sustainability, reduced waste and an increase in recycled materials. Innovation and sustainability, in any case, are values that Hera expressly pursued since the earliest stages of the tender, whose concreteness is proven by the results in terms of the percentage of sorted collection already achieved by the municipalities managed in the Modena area, with unit-pricing collection systems. The Ecosistema Urbano report published this week by Legambiente and Sole 24 Ore, which compares Italy’s capital cities, has also certified Ferrara’s leading position in terms of the percentage of sorted waste collected, for the third year in a row. This city is served by Hera with collection systems based on unit pricing, similar to those foreseen for Modena and the other municipalities in the Modena area. More dialogue and better environmental performances The key principles underpinning the bid submitted by the consortium led by Hera consist in awareness raising and a more active involvement of citizens and businesses, in order to encourage a reduction in the overall amount of waste, especially non-sorted waste, and ever-stronger emphasis on sorted waste collection. In fact, the experience gained until now shows that – regardless of the collection model proposed – the environmental performance of waste collection is better when a community is more aware of its own role. This is why, right from the earliest months of the new service contract, Hera will launch progressive communication and information campaigns aimed at increasing citizen involvement, and in so doing, further increasing the quality of the service, with a view to creating even more shared value for local communities. Executive Chairman Tommasi: “a confirmation of service quality and of the Group’s competitiveness” “We are particularly satisfied with being awarded the tender for managing urban and assimilated waste in the Modena area, comments Tomaso Tommasi di Vignano, Executive Chairman of the Hera Group. “This will give continuity to our presence in this area, and provides confirmation of two essential facts: on the one hand, the quality of our work with one of the activities that, since its inception, have characterized Hera's excellence, and on the other, the competitiveness that the Group has reached in the waste management sector. This is the case even when dealing with European-level tenders, for which we have developed specific skills that continue to generate positive effects for the company and for local communities.” CEO Venier: “alongside the municipalities in the transition to the circular economy” “With this tender, the 32 municipalities included in the new service contract have all the tools they need to face the challenge of the transition towards increasingly advanced and sustainable urban waste management and, more generally, towards a truly circular economy”, says Stefano Venier, CEO of the Hera Group. “These objectives, thanks to our support and expertise, have now become realistic and concrete. They could not however be achieved without one fundamental element: the involvement and collaboration of people, who remain at the heart of our strategy.” The 32 municipalities in the province of Modena covered by the tender Bastiglia, Bomporto, Castelfranco Emilia, Castelnuovo Rangone, Castelvetro di Modena, Fanano, Fiorano Modenese, Fiumalbo, Formigine, Frassinoro, Guiglia, Lama Mocogno, Maranello, Marano sul Panaro, Modena, Montecreto, Montefiorino, Montese, Palagano, Pavullo nel Frignano, Pievepelago, Polinago, Prignano, Riolunato, San Cesario sul Panaro, Sassuolo, Savignano sul Panaro, Serramazzoni, Sestola, Spilamberto, Vignola and Zocca. Risultati trimestrali Press release Modena waste management tender.pdf 2020-07-02 15:31:00 Sede Hera
10/11/2021
Price sensitive
Financial Results

Hera BoD approves 3Q 2021 results

2021-11-10 The Group consolidates the first nine months of the year with operating-financial indicators showing growth compared to the same period in 2020, and results exceeding the expectations set out in the Business Plan. Financial solidity, the pursuit of sustainable development and creating value for the local areas and communities served confirmed as strong points Risultati trimestrali Financial highlights Revenues at 6,424.3 million euro (+31%) Ebitda at 883.3 million euro (+9.6%) Net profit for shareholders at 308.4 million euro (+32.3%) Net financial debt at 3,303.8 million, with Net debt/Ebitda at 2.75x Operating highlights Strategy based on a mix of internal and external growth Significant contribution coming from the gas area, energy services and the waste management sector Over 3.4 million energy customers reached Today, the Hera Group’s Board of Directors, chaired by Tomaso Tommasi di Vignano, unanimously approved the consolidated quarterly report at 30 September 2021. The report shows improvement in the main economic indicators compared to the same period of the previous year, confirming the Group’s long track record of positive performances, its financial solidity and its commitment to sustainable development, respecting European strategies and the UN 2030 Agenda. The most significant results include an increase coming to over 77 million euro in Ebitda, mainly owing to free market activities – especially gas sales, energy services and waste treatment – whose pro-cyclical nature enabled the Group to take full advantage of the opportunities arising from the country’s economic recovery and revival initiatives, while at the same time creating value for the local areas and communities served. A sharp increase was also seen in net profits for shareholders, which in this quarter includes the effects of the tax realignment of certain goodwill items. In July, a dividend amounting to 161 million euro was paid to shareholders, corresponding to 11 cents per share, up 10% compared to the previous year. From a broader point of view, the results for the first three quarters of the year show growth not only with respect to 2020, but also compared to the results for 2019, prior to the impact of the global pandemic. The current results are higher than the expectations contained in the Business Plan to 2024: in less than two years, Hera has achieved more than half of the growth forecast for the five-year period covered by this Plan. The Group’s strategy therefore continues to prove successful, promoting both organic growth and mergers and acquisitions, and protecting results achieved from the turbulence seen in the external context. The more noteworthy changes in the scope of consolidation include three M&A transactions in the industrial waste treatment area, with the acquisition of 70% of the Friuli-based company Recycla, 31% of the company Sea, located in the Marche, and 80% of the Vallortigara Group, which operates in the Veneto region. The energy areas, instead, saw the acquisitions of Wölmann, a company operating in photovoltaic panel installation, the sales company Ecogas, in Abruzzo, and 11% of Ascotrade from the Belluno company Gsp, thus arriving at 100% control. At the same time, continued growth was seen in the Group’s energy customer base, now over 3.4 million, thanks to increases in both liberalised markets and those subject to public tenders. Lastly, as regards regulated services, the Hera Group has won the tenders called to date in the areas served, in the waste management, gas distribution and integrated water service areas. Note in particular the recent confirmation of gas distribution in the Udine 2 ATEM and, last week, in the water cycle, serving 24 municipalities in the province of Rimini, including the city of Rimini. Revenues rise to over 6.4 billion euro In the first nine months of 2021, revenues amounted to 6,424.3 million euro, up 31.0% from 4,905.9 million-euro one year earlier, with growth seen in all areas. More specifically, the energy areas felt the effects of higher revenues from trading, higher volumes of gas sold and an increase in the price of energy commodities, in addition to the energy services business, due to the activities related to the insulation incentive and energy efficiency works. Revenues from network services (both regulated and on behalf of third parties) and the waste management area also increased, due to energy production, more waste treated and an increase in plastics sold. Ebitda increases to 883.3 million euro Ebitda increased by 77.1 million, or 9.6%, over the 806.2 million seen in the first nine months of 2020, rising to 883.3 million at 30 September 2021. This increase is linked to the performance of the energy areas, mainly thanks to gas sales and energy trading, as well as energy service activities. Another decisive factor consisted in the positive results recorded in the waste management sector, particularly in the waste treatment area. Operating result grows to 470.8 million euro Operating profit rose to 470.8 million euro, compared to 414.7 million at 30 September 2020, showing a 13.5% increase (despite higher expenses for depreciation and amortisation). Financial operations at the end of 3Q 2021 amounted to 85.4 million euro, mainly due to lower income from late payment indemnities on last resort markets and higher charges for the sale of tax credits as part of ecobonus-related activities. These aspects were partially offset by the efficiencies achieved following the repurchase of part of the medium- to long-term debt, lower updating expenses and higher profits from subsidiaries and joint ventures. Pre-tax profits increased from 335.2 to 385.4 million euro (+15%). Net profit for shareholders rises to 308.4 million euro Net profit rose to 340.6 million euro, up significantly by 39.2% from 244.7 million euro in the same period during the previous year, thanks to a tax rate that settled at 26.2%, improving compared to the 27% recorded at 30 September 2020, due to the Group’s commitment to supporting substantial investments in technological, digital and environmental transformation towards Utility 4.0. The increase is also linked to the amount consisting in special items, which contributed with 56.2 million euro, as result of the tax realignment of certain goodwill items recorded in the financial statements, offset by the expenses arising from the partial repurchase, last spring, of a 700 million euro bond maturing in 2028. Net profit post minorities also increased sharply, rising to 308.4 million euro from 233.1 million euro at 30 September 2020 (+32.3%). Operating investments at 377.2 million euro and stable net financial debt In the first nine months of 2021, Hera made operating investments coming to 377.2 million euro, an increase of over 13% compared to the 333.6 million euro seen in the same period of the previous year, with an important focus on the projects, including green initiatives foreseen in the Business Plan. These investments were mainly allocated to plants, networks and infrastructures, as well as regulatory upgrading in purification and sewage and a large-scale installation of new-generation gas meters. In addition to financing these investments and paying increased dividends, the positive cash flow generation also made it possible to cover the repurchase of maturing bonds and a large portion of the M&A transactions, keeping net financial debt essentially stable at 3,303.8 million euro in the first nine months of 2021, in line with the 3,227.0 million euro seen at 31 December 2020. Hera’s financial strength – which is also clear from the assessments made by the main rating agencies: BBB+ with stable outlook from Standard & Poor’s, Baa2 from Moody’s - is also confirmed by the Net debt/Ebitda ratio, which stood at 2.75x, an improvement compared to the 2.87x seen at the end of 2020 and 2.97x at 30 September 2020. These aspects go hand in hand with the pursuit of sustainable development, as confirmed by Hera’s recent inclusion in the MIB ESG Index, Italy’s first blue-chip index dedicated to Environmental, Social, and Governance (ESG) best practices. In October, furthermore, Hera successfully launched its first sustainability-linked bond, worth 500 million euro, gathering great interest from international investors, who subscribed with roughly four times the amount offered. This bond is part of a sustainability strategy aimed at reducing emissions and recycling plastics. At the same time, after the end of the quarter, the Group carried out a liability management transaction to repurchase nominal 350 million euro in financing maturing in the next few years, with effects that will be recorded at year-end. Gas Ebitda for the gas area – which includes natural gas distribution and sales, district heating and heat management services – rose to 333.4 million euro as at 30 September 2021, up 33.4% compared to 249.9 million euro in the same period last year. This growth, in terms of both revenues and volumes sold, was achieved thanks to the positive contribution coming from sales on traditional markets and on those subject to tenders, where Hera Comm has further consolidated its presence (with 8 lots of the last resort gas service awarded in 16 regions, 5 lots of the default gas service in 12 regions, effective as of October 2020, and 9 lots of the Consip GAS13 tender in 12 regions). These increased earnings are linked to significant rise in the energy services business, due to incentives deriving from tax bonuses and energy efficiency works, confirming the significant growth trend in this sector already recorded in the previous quarters of the year. A slight increase (+1%) was seen in the number of customers, which totalled 2 million. Furthermore, note that, from October 2021 until September 2023, Hera Comm has been awarded all lots of the default gas service tender and 6 out of 9 lots of the last resort gas service. The gas accounted for 37.7% of Group Ebitda. Water At 30 September 2021, the integrated water cycle area – which includes aqueduct, purification and sewerage services – recorded an Ebitda coming to 198.5 million, essentially unchanged from the 201.1 million euro seen in the first three quarters of 2020. This result is due to higher operating costs on networks and plants as a result of resuming activities after the lockdown, partially offset by a rise in revenues for new connections and higher other revenues. This also includes the benefits recognised by ARERA under the application of the new tariff method, linked to the significant investments made by the Group to implement measures aimed at resilience and sustainability in its plants, enabling it to continue guaranteeing citizens quality, efficiency and continuity of supply. Lastly, thanks to a bid geared towards sustainability and creating value, Hera was awarded the tender for integrated water cycle services for 18 years in 24 municipalities in the province of Rimini, including the capital city, with a contract worth approximately 1.7 billion euro. The integrated water cycle area accounted for 22.5% of Group Ebitda. Waste Ebitda for the waste management area – which includes waste collection, treatment, recovery and disposal services – rose to 218.4 million euro (+19.1%) as at 30 September 2021, compared to 183.3 million euro in the same period one year earlier. This growth was achieved thanks to the ability shown by the Hera Group – the nation’s leading operator in the sector – to make the most of the opportunities offered by this pro-cyclical business, i.e. one that is able to take advantage of the current economic recovery and the general recovery of markets after the lockdown. In fact, Hera has further augmented its outstanding set of plants with a series of transactions in the field of industrial waste treatment and environmental reclamation and restoration. The increase in earnings was caused by higher revenues linked to the increase in volumes of waste treated and electricity generation, and by the strong growth of the activities carried out by the subsidiary Aliplast, a leader in producing high-quality recycled polymers, against a significant increase in demand and in the selling price of recycled materials. In general, in the early months of 2021 as well, the Group continued to pursue all main initiatives related to the circular economy through front-line technologies and innovative structures. These include the production of renewable energy by developing the biomethane chain, including a collaboration with other companies found in the areas served. Hera has indeed signed a partnership with the company Inalca, part of the Cremonini Group, to establish a NewCo for transforming organic waste and agricultural waste into 100% renewable methane and compost. Lastly, Hera Business Solution, a turnkey multi-service offer for large companies, with integrated energy and environmental solutions all guided by sustainability, saw a further increase in its activities. The Group’s focus on protecting and reusing environmental resources was also confirmed by the increase in sorted waste collection, which stood at 64.8% in the first nine months of 2021, up slightly compared to the same period of 2020. The waste management area accounted for 24.7% of Group Ebitda. Electricity At 30 September 2021, Ebitda for the electricity area – which includes services in electricity generation, distribution and sales – amounted to 103.5 million euro, compared to 144.8 million euro in the first three quarters of the previous year. This result was mainly due to lower income from the dispatching market. Furthermore, a smaller scope of operations was seen in safeguarded markets, following the last tender awarded, in late 2020. These trends were partially contained by contributions to commercial growth in traditional markets and in new managed services, with innovative offers, value-added services and increasing investments to improve customer experience and customer segmentation. Furthermore, last June Hera Comm was awarded, through a tender, the gradual protection service for supplying electricity to SMEs in 9 Italian regions, for the period extending from 1 July 2021 to 30 June 2024. At 30 September 2021, electricity customers totalled 1.4 million, up 5.4% compared to the first three quarters of the previous year. The electricity area accounted for 11.7% 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 Quarterly Financial Statement and related materials are available to the public at Company Headquarters and on the website www.gruppohera.it. Unaudited extracts from the Intermediate Financial Report at 30 September 2021 are attached Profit & Loss (m€) 30/09/2021 Inc. % 30/09/2020 Inc. % Ch. Ch. % Sales 6,242.3 4,905.9 +1,518.4 +31.0% Other operating revenues 243.6 3.8% 355.7 7.3% (112.1) (31.5%) Raw material (3,469.3) (54.0%) (2,314.9) (47.2%) +1,154.4 +49.9% Services costs (1,858.6) (28.9%) (1,696.9) (34.6%) +161.7 +9.5% Other operating expenses (54.4) (0.8%) (41.8) (0.9%) +12.6 +30.2% Personnel costs (442.0) (6.9%) (424.0) (8.6%) +18.0 +4.2% Capitalisations 39.7 0.6% 22.2 0.5% +17.5 +79.0% Ebitda 883.3 13.7% 806.2 16.4% +77.1 +9.6% Depreciation and provisions (412.5) (6.4%) (391.5) (8.0%) +21.0 +5.4% Ebit 470.8 7.3% 414.7 8.5% +56.1 +13.5% Financial inc./(exp.) (85.4) (1.3%) (79.5) (1.6%) +5.9 +7.4% Pre tax profit 385.4 6.0% 335.2 6.8% +50.2 +15.0% Taxes (101.0) (1.6%) (90.5) (1.8%) +10.5 +11.6% Net profit 284.4 4.4% 244.7 5.0% +39.7 +16.2% Special items 56.2 0.9% - 0.0% +56.2 +100.0% Net profit 340.6 5.3% 244.7 5.0% +95.9 +39.2% Attributable to: Shareholders of the Parent Company 308.4 4.8% 233.1 4.8% +75.3 +32.3% Minority shareholders 32.2 0.5% 11.6 0.2% +20.6 +177.9% Balance Sheet (m€) 30/09/2021 Inc.% 31/12/2020 Inc.% Ch. Ch. % Net fixed assets 7,146.6 104.4% 6,983.6 109.4% +163.0 +2.3% Working capital 360.0 5.3% 53.6 0.8% +306.4 +571.6% (Provisions) (658.5) (9.7%) (654.9) (10.2%) (3.6) +0.5% Net invested capital 6,848.1 100.0% 6,382.3 100.0% +465.8 +7.3% Net equity 3,544.3 51.8% 3,155.3 49.4% +389.0 +12.3% Long term net financial debt 3,490.0 51.0% 3,617.1 56.7% (127.1) (3.5%) Short term net financial debt (186.2) (2.8%) (390.1) (6.1%) +203.9 (52.3%) Net financial debts 3,303.8 48.2% 3,227.0 50.6% +76.8 +2.4% Net invested capital 6,848.1 100.0% 6,382.3 100.0% +465.8 +7.3% Risultati trimestrali Press release 3Q 2021 results.pdf 2020-07-02 13:30:00 Risultati trimestrali
05/11/2021
Price sensitive
Other press releases

Hera wins tender for the water service in Rimini

2021-11-05 The Group was awarded the tender thanks to a bid focused on sustainability and value creation. An 18-year contract worth approximately 1.7 billion euro will be signed with Atersir, the contracting authority, in the upcoming months Sede Hera The Emilia-Romagna Regional Agency for Water and Waste Services (Atersir), acting as contracting authority, has officially awarded Hera the tender for managing the integrated water service in the province of Rimini (Emilia-Romagna region), with the exception of the municipality of Maiolo. The figures of the tender won by the Hera Group The tender concerns 24 municipalities in the Rimini area, including the province’s capital, and over 160,000 thousand users, distributed along a network extending over 3,000 km. Thanks to this tender, one of the first to be called in Italy, the new water distribution service in the Rimini area will be based on sustainability and innovation, and the Hera Group, which is also the outgoing manager for the 24 municipalities, will be responsible for the service over the next 18 years. The contract, which will be signed in the upcoming months between the Group and Atersir, is worth over 1.7 billion euro. Competition that creates shared value for communities In order to maintain management of this service, in a competitive context open to the most qualified operators in the water sector, the Hera Group has drawn up a proposal capable of reconciling service efficiency, and therefore economic impact, with best practices that guarantee high safety standards. Asset management and environmental aspects will thus be monitored by using innovative technologies that have already been operationally tested. Hera is also focusing on innovation to guarantee resilience in the management of the water cycle, a service characterised by a large number of infrastructures and therefore, more than other sectors, subject to the consequences of climate change. In addition to the high service quality already guaranteed by the Group in this area, the new management will therefore make substantial investments to increase the resilience of networks and plants and create increasing shared value for local communities. 250 million in investments to increase safety and resilience The Hera Group’s plan calls for a substantial part of the approximately 250 million euro planned for investments in the Rimini area over the next 18 years to be used to prevent and limit leaks, to upgrade the network and to further increase its reliability and resilience, thus providing the best guarantee of service continuity. The investment plan also includes measures to optimise the sewage system and upgrade the purification plants, as well as solutions for the implementation of rainwater collection plans. In order to increasingly improve the efficiency of networks and plants, the use of more traditional techniques will be enhanced with digitalisation and the most advanced technologies, including artificial intelligence and big data, already used by the multi-utility in other areas, for example to optimise maintenance activities or increase energy savings in purification. The Group’s proposal also guarantees a level of service that goes significantly beyond the standards required by ARERA, the Regulatory Authority, both in terms of the contractual quality inherent in relations with the user, and in terms of technical standards. Chairman Tommasi: “from competition in public services shared value for the territory” We are particularly satisfied with the awarded tender for managing the integrated water service for the province of Rimini”, explains Tomaso Tommasi di Vignano, Executive Chairman of the Hera Group. “We have always made our outstanding know-how available to the areas in which we operate, not only in terms of safety and service management, but also environmental sustainability, all of which will be confirmed and reinforced with the start of the new management. Tenders, not only in the water cycle, represent a challenge that the Group has prepared itself to face for some time. This achievement demonstrates once again how important it is for us, in addition to providing service quality and continuity, to invest and create positive effects for local communities.” CEO Venier: “local jobs and professional skills maintained” “The spirit with which we will sign this long term contract with Atersir for the integrated water service in the 24 municipalities of the Rimini area has nothing to do with simply continuing to manage it”, says Stefano Venier, CEO of the Hera Group. “In addition to maintaining local jobs and professional skills, we intend to create new value for Rimini and the municipalities managed.” The 24 municipalities found in the Province of Rimini involved in the tender Bellaria-Igea Marina, Casteldelci, Cattolica, Coriano, Gemmano, Misano Adriatico, Mondaino, Montecolombo Montescudo, Montefiore Conca, Montegridolfo, Morciano di Romagna, Novafeltria, Pennabilli, Poggio Torriana, Riccione, Rimini, Saludecio, San Clemente, San Giovanni in Marignano, San Leo, Sant’Agata Feltria, Santarcangelo di Romagna, Talamello and Verucchio. Press releaase Hera wins tender for the water service in Rimini.pdf 2020-07-02 08:36:00 Sede Hera
28/10/2021
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Four lots of the Consip tender go to Hera Comm

2021-10-28 The Hera Group’s sales company has been awarded the lots for the Province of Rome, Campania, Calabria and Sicily, involving roughly 39,000 supply points and an annual supply of over 3.4 TWh of electricity, worth more than 580 million euro. Sede Hera Hera Comm will supply electricity to Public Administrations in the Province of Rome, Campania, Calabria and Sicily. The Hera Group’s sales company has in fact been awarded 4 of the lots put to tender by Consip, worth over 580 million euro, meaning that Hera will serve approximately 39,000 supply points overall, providing over 3.4 TWh of energy. The agreement will be effective as of the end of the year and will have a total duration of up to 24 months, depending on the supply option chosen, with a fixed or variable price. Hera Comm won this tender thanks to its advantageous economic offer, which also includes a Green Option, with 50% of the energy supplied coming from renewable sources. The Hera Group has thus confirmed itself as a leading player on the Italian energy scene, with 3.4 million customers, the third largest among Italian sales companies. Hera Comm has a well-established relationship with Consip, this being the third consecutive year in which it has been awarded lots in tenders called by Consip, for the supply of both electricity and gas. Press release Hera Comm energy tender Public Administration.pdf 2020-07-02 14:34:00 Sede Hera
19/10/2021
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Final results of the tender offer relating to certain notes

2021-10-19 Sede Hera Following the press release dated 11 October 2021, notice is hereby given that today BNP Paribas S.A. announced the final results of the tender offer launched by it, in its capacity as offeror (the “Offeror”), on 11 October 2021 pursuant to the agreements entered into with Hera S.p.A. (the “Company”), addressed to qualified investors only and relating to (i) the €500,000,000 2.375 per cent. Notes due 4 July 2024 (ISIN: XS1084043451) (the “2024 Notes”), (ii) the Euro 400,000,000 0.875 per cent. Notes due 14 October 2026 (ISIN: XS1504194173) (the “2026 Notes”), (iii) the €500,000,000 0.875 per cent. Notes due 5 July 2027 (ISIN: XS2020608548) (the “2027 Notes”) and (iv) the €700,000,000 5.200 per cent. Fixed Rate Notes due 29 January 2028 (ISIN: XS0880764435) (the “2028 Notes” and together with the 2024 Notes, the 2026 Notes and the 2027 Notes, the “Existing Notes”) up to a nominal amount to be determined by the Offeror at its own discretion up to Euro 300,000,000, such amount being subject to the right of the Offeror to increase or decrease it in its sole and absolute discretion (the “Tender Offer”). The Existing Notes validly tendered for purchase pursuant to the Tender Offer are equal to Euro 352,910,000 and namely Euro 41,088,000 in principal amount of 2024 Notes, Euro 127,468,000 in principal amount of 2026 Notes, Euro 142,841,000 in principal amount of 2027 Notes and Euro 41,513,000 in principal amount of 2028 Notes. The Offeror has announced its intention to accept for purchase all the 2024 Notes, the 2027 Notes and the 2028 Notes validly tendered pursuant to the Tender Offer and to accept for purchase the 2026 Notes for an aggregate principal amount equal to Euro 74,557,000. The payments due pursuant to the Tender Offer are expected to be made by the Offeror on 20 October 2021. Simultaneously with, but separately from, the Tender Offer, the Company will purchase, through the Offeror, a portion of the €68,000,000 3.375 per cent. Fixed Rate Notes due 22 May 2023 (ISIN: XS0935948272) issued by the Company and privately placed to a limited number of investors for an aggregate principal amount equal to Euro 46,000,000. Press release.pdf 2020-07-02 17:56:00 Sede Hera
18/10/2021
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Hera included in the new MIB ESG Index

2021-10-18 Being part of Italy’s first blue-chip index, launched today by Euronext and Borsa Italiana and dedicated to ESG best practices, gives Hera additional recognition for its focus on sustainability and creating shared value for all stakeholders Sede Hera The Hera Group has received yet another significant recognition, a reward for its way of integrating financial strategies and attention to sustainability: Hera has been included in the MIB ESG Index (Bloomberg gross return code: MIBESG), Italy’s first blue-chip index dedicated to Environmental, Social, and Governance (ESG) best practices. Announced today by Euronext and Borsa Italiana, the MIB ESG Index combines measurements of operating performance with ESG assessments, in line with the principles of the United Nations Global Compact. Inclusion in this index is based on an analysis by Vigeo Eiris, a Moody’s ESG Solutions company, and is designed to meet growing investor and market demand for sustainable investment instruments. The creation of this index is an important step in accelerating the transition to a sustainable economy and allowing investors to fund high-impact projects and companies in Italy and Europe. The index’s methodology was designed in a collaboration with the financial community, public institutions and regulatory authorities. Its main goals include facilitating the adoption of traditional ESG investment approaches by public and private investors and gathering consensus for sustainable and responsible investments. After being included one year ago in the Dow Jones Sustainability Index, World and Europe, with recognition as the best multi-utility worldwide by S&P Global, with today's inclusion in the MIB ESG Index, Hera’s successful corporate strategy has been further confirmed. The combination of growth in results and sustainability, alongside creating value for all stakeholders, defines the path taken by Hera ever since it was founded, 20 years ago. The Group’s Business Plans themselves highlight its various sustainability objectives – circularity, decarbonisation, risk management – to 2024 and 2030. Broken down by business area, these goals are based on investments that increase asset resilience, innovation, digitalisation, artificial intelligence and big data. More specifically, the Hera Group’s greenhouse gas emission reduction target is one of the most ambitious among Italian companies: 37% less by 2030 compared to 2019, as certified by the prestigious international network Science Based Target initiative (SBTi). Hera aims in particular to meet the “Well below 2°C” objective, conceived to limit the increase in global temperature to significantly less than 2°C compared to pre-industrial data, in line with the path set out by the Paris Climate Agreement. In addition to steadily improving its operating and financial results, Hera’s focus on ESG factors is accompanied by its stable governance, unique in the sector and rewarded this year with the highest ranking in Italy in the Integrated Governance Index, compiled by ETicaNews. A pioneer in the field of sustainable finance since it launched Italy’s first green bond in 2014, Hera successfully issued a sustainability-linked bond amounting to 500 million euro only a few days ago. A high level of interest was shown by international investors, whose subscriptions came to roughly four times the amount offered. This non-convertible bond’s issuance is linked to targets in reducing emissions and recycling plastics. Two years ago, Hera was also the first company in Italy to launch a sustainable revolving credit line, introducing a bonus mechanism linked to achieving specific environmental, social and governance (ESG) objectives. Green and, more generally, ESG financial instruments represent a fundamental lever with which Hera creates value and supports its commitment to increasingly regenerative and resilient development. Press release Hera included in the new MIB ESG Index.pdf 2020-07-02 16:27:00 Sede Hera
13/10/2021
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Hera successfully launches its first sustainability-linked bond

2021-10-13 Strong interest shown by international investors towards the 500 million euro, 12-and-a-half-year bond. The issue is part of a strategy aimed at sustainability, intended to reduce emissions and recycle plastics. The subscriptions received totalled around two billion euro, four times the amount offered Sede Hera The Hera Group – a pioneer in sustainable finance in Italy – has successfully launched its first sustainability-linked bond, worth 500 million euro. This non-convertible bond attracted a great deal of interest from international investors, who made subscriptions coming to four times the amount offered. The issue is part of a strategy aimed at sustainability, intended to reduce emissions and recycle plastics. One of the first companies in Italy to issue a sustainability-linked bond, Hera continues to act as a point of reference for ESG finance nationwide, with innovative instruments capable not only of supporting its commitment to sustainable development but also attracting growing attention on the market. Hera – it is worth recalling – was the first company in Italy to issue a green bond, in 2014, followed by a second green bond five years later, as well as the first ESG-linked revolving credit line, in 2018. Hera’s first sustainability-linked bond follows up on the publication, last 6 October, of its Sustainability-Linked Financing Framework (SLFF), with which the Group further strengthened the integration between its financial strategies and its attention to sustainability, outlining the metrics applicable to any financial instrument. The features of Hera’s sustainability-linked bond Hera’s first sustainability-linked bond, launched as part of the Euro Medium-Term Notes programme (last updated on 7 October) and reserved for qualified investors, amounts to a total of 500 million euro, repayable in 12 and a half years. The transaction saw significant participation coming from international investors (France, Germany, Netherland and United Kingdom), most of whom specialised in sustainable finance products. The strong demand, with subscriptions coming to around two billion euros, four times the offer, and the quality of the orders received, allowed the price to be set at an excellent level. An annual fixed rate coupon of 1.0% will be paid, while the yield at the time of issue is 1.077%. As of the interest payment date of 2032, a possible step-up (interest rate increase) has been included, should the Group fail to meet the targets for reducing greenhouse gas emissions, in tonnes of CO2 (rate increase of 0.20%), and the quantity of recycled plastic, in thousand tonnes (rate increase of 0.15%). The new issue, whose settlement date has been set for 25 October 2021, will be listed, as of the issue date, on the regulated market of Euronext Dublin, on the regulated market of the Luxembourg Stock Exchange and, at a later moment, on Borsa Italiana’s ExtraMOT PRO multilateral trading facility. This sustainability-linked bond is also expected to be assigned a rating in line with Hera’s (Baa2 with stable outlook for Moody’s and BBB+ with stable outlook for Standard & Poor’s). Interventions aimed at reducing emissions and recycling plastics The sustainability-linked bond is part of the Hera Group’s strategy aimed at reducing greenhouse gas emissions and increasing the amount of plastic recycled. These activities have already been launched or are included in the Business Plan, and represent Hera’s commitment to achieving the objectives on the UN 2030 Agenda. The bond is linked, as mentioned above, to meeting the sustainability targets contained in the Sustainability-Linked Financing Framework, with respect to which intermediate Sustainability Performance Targets (SPTs) have also been defined, which will be reported annually for the purpose of transparency. More specifically, the Hera Group aims to reduce greenhouse gas emissions by 37% within 2030 (compared to 2019), thanks to both the concrete actions taken within the Group and the involvement of suppliers and customers in electricity and gas sales. This is one of the most ambitious targets for a company in Italy, validated by the prestigious international network Science Based Target initiative (SBTi). As regards the second target, the Group aims to increase its amount of recycled plastic by 150% by 2030 (compared to 2017), thanks to factors including an increased plant capacity and an extension of the scope of action to include the recovery of rigid plastics. Hera is already a leader in this area, thanks to its subsidiary Aliplast, and is the only Italian multi-utility to have signed the Ellen MacArthur Foundation’s “New Plastics Economy Global Commitment”. “Our first sustainability-linked bond provides further confirmation of Hera’s commitment to sustainable development, with a focus on carbon neutrality and the circular economy, thanks to ESG financial strategies” states Stefano Venier, CEO of Hera Group “For some time, we have been committed to actions aimed at reducing emissions and recycling plastics, thus respecting our Business Plan and strategies for the energy and environmental transition. These issues are particularly relevant for us, considering the very nature of the businesses in which we operate, and we can make a real difference by responding to the many challenges we are currently facing, first and foremost climate change, and contributing to achieving the goals on the 2030 Agenda. Thanks to this new bond issued, we will be able to give further impetus to our activities in these areas.” The partners in the operation Hera’s sustainability-linked bond issue was coordinated and placed by BNP Paribas, Credit Agricole CIB, IMI-Intesa Sanpaolo, Mediobanca, Santander and UniCredit. The law firm Legance Avvocati Associati assisted Hera, while Linklaters supported the placing banks. Press release sustainability linked bond launch.pdf 2020-07-02 18:23:00 Sede Hera
11/10/2021
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The BoD of Hera S.p.A. authorises the issue of new notes and the repurchase of certain notes

2021-10-11 Sede Hera The Board of Directors of HERA S.p.A. (the “Company”) has authorised the issue of new senior non-convertible notes, under its Euro Medium Term Notes Programme updated on 7 October 2021, up to an aggregate principal amount of Euro 500,000,000, to be placed with qualified investors only (the “Notes”), granting to the Chief Executive Officer the powers to decide on, and give effective execution to, the issue of the Notes, subject to market conditions. The Notes will be issued in the form of “Sustainability-linked bond” pursuant to the “Sustainability-Linked Financing Framework” published by the Company on 6 October 2021. Furthermore, pursuant to the agreements entered into today with the Company, BNP Paribas S.A., in its capacity as offeror (the “Offeror”), is in the process of announcing a cash tender offer addressed to qualified investors only and relating to (i) the €500,000,000 2.375 per cent. Notes due 4 July 2024 (of which €329,390,000 is outstanding as at the date of this announcement) (ISIN: XS1084043451) (the “2024 Notes”), (ii) the Euro 400,000,000 0.875 per cent. Notes due 14 October 2026 (ISIN: XS1504194173) (the “2026 Notes”), (iii) the €500,000,000 0.875 per cent. Notes due 5 July 2027 (ISIN: XS2020608548) (the “2027 Notes”) and (iv) the €700,000,000 5.200 per cent. Fixed Rate Notes due 29 January 2028 (of which €640,530,000 is outstanding as at the date of this announcemement) (ISIN: XS0880764435) (the “2028 Notes” and together with the 2024 Notes, the 2026 Notes and the 2027 Notes, the “Existing Notes”), up to a nominal amount to be determined by the Offeror at its own discretion up to Euro 300,000,000, such amount being subject to the right of the Offeror to increase or decrease it in its sole and absolute discretion (the “Tender Offer”). The purpose of the above transaction is mainly to manage the Company’s liabilities and extend its debt maturity profile. The Tender Offer, whose terms and conditions are set forth in the tender offer memorandum dated 11 October 2021 and available to the noteholders of the Existing Notes (the “Tender Offer Memorandum”), is, inter alia, subject to (i) the pricing of the Notes satisfactory to the Company, (ii) the signing of a subscription agreement for the purchase of the Notes (the “Subscription Agreement”) and (iii) such Subscription Agreement remaining in full force and effect as at the settlement date of the Tender Offer. The Offeror is not under any obligation to accept for purchase any Existing Notes tendered pursuant to the Tender Offer. The acceptance for purchase by the Offeror of Existing Notes is at the sole discretion of the Offeror and tenders may be rejected by the Offeror, in whole or in part, for any reason. The table below sets forth the terms and conditions of the Tender Offer. Notes Call date ISIN Outstanding Principal Amount Benchmark Purchase Spread Amount subject to the Offers / Final-Acceptance Amount €500,000,000 2.375 per cent. Notes due 4 July 2024 (the “2024 Notes”) N/A XS1084043451 €329.390.000 2024 Notes Interpolated Mid-Swap Rate 5 bps Subject as set out in the Tender Offer Memorandum up to a total aggregate principal amount of all Series of Notes validly tendered and accepted for purchase of €300,000,000 such amount being subject to the right of the Offeror to increase or decrease it in its sole and absolute discretion €400,000,000 0.875 per cent. Notes due 14 October 2026 (the “2026 Notes”) N/A XS1504194173 €400.000.000 2026 Notes Interpolated Mid-Swap Rate 5 bps €500,000,000 0.875 per cent. Notes due 5 July 2027 (the “2027 Notes”) 5 April 2027 (the "First Call Date of the 2027 Notes") XS2020608548 €500.000.000 2027 Notes Interpolated Mid-Swap Rate 10 bps1 €700,000,000 5.200 per cent. Notes due 29 January 2028 (the “2028 Notes”) N/A XS0880764435 €640.530.000 2028 Notes Interpolated Mid-Swap Rate 5 bps 1For information purposes only, the purchase price for the 2027 Notes will be based on the First Call Date of the 2027 Notes. If the aggregate principal amount of the Existing Notes validly tendered for purchase pursuant to the Tender Offer is greater than the amount of the Existing Notes that the Offeror intends to purchase, the relevant tenders will be accepted on a pro rata basis. The Tender Offer, which starts today, will expire on 18 October 2021, subject to the right of the Offeror to extend, re-open, amend and/or terminate it. The settlement date for the Tender Offer is expected to fall on 20 October 2021. Further information on the terms and conditions of the Tender Offer are set out in the Tender Offer Memorandum. Simultaneously with, but separately from, the Tender Offer, the Company may also consider, at its sole discretion, to purchase, through the Offeror, in whole or in part, the €68,000,000 3.375 per cent. Fixed Rate Notes due 22 May 2023 (ISIN: XS0935948272) issued by the Company and privately placed to a limited number of investors. This notice does not constitute an invitation to participate in the Tender Offer in any jurisdiction in which, or to any person to whom, it is unlawful to make such invitation or for there to be such participation under applicable securities laws and regulations. This notice does not constitute an offer of securities for sale or a solicitation of an offer to purchase or subscribe securities in the United States or any other jurisdiction in which such offer or solicitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation. The distribution of this notice or the Tender Offer Memorandum in certain jurisdictions may be restricted by law and regulations. Persons into whose possession this notice comes are required to inform themselves about, and to observe, any such restrictions. Specific restrictions are included in the Tender Offer Memorandum. Press release Launch of new issue.pdf 2020-07-02 09:56:00 Sede Hera
06/10/2021
Shareholders’ meeting
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Communication of the overall amount of voting rights

(drafted pursuant to article 85-bis, paragraph 4-bis, of Consob Regulation 11971 / 14 May 1999)
06/10/2021
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Hera: sustainable finance increasingly at the heart of corporate strategies

2021-10-06 Hera is among the first companies in Italy to publish its Sustainability-Linked Financing Framework. An important point of reference also for issuing bonds in the future, its includes objectives linked to reducing greenhouse gas emissions and plastic recycling, in line with the Group’s Business Plan and strategies for energy and environmental transition The Hera Group – which pioneered sustainable finance in 2014, when it issued the first green bond in Italy – has further strengthened its integration between financial strategy and attention towards sustainability, with a focus on carbon neutrality and circular economy projects. The Group has in fact published – among the first companies in Italy to do so – its Sustainability-Linked Financing Framework (SLFF), which sets out the guidelines of its commitment to sustainable finance. This document outlines the metrics applicable to any financial instrument, and in particular provides a reference model for future bonds linked to reducing emissions and encouraging plastic recycling. More specifically, the Hera Group has introduced two key indicators in its SLFF, in line with the strategies outlined in the Business Plan for energy and environmental transition, and representative of Hera’s commitment to achieving the goals on the UN’s 2030 Agenda. The first concerns reducing greenhouse gas emissions: Hera aims to lower these emissions by 37% within 2030 (compared to 2019), thanks to both concrete interventions within the company and the involvement of suppliers and customers in electricity and gas sales. This is one of the most ambitious targets defined by a company in Italy, validated by the prestigious international network Science Based Target initiative (SBTi). The second is linked to the quantity of plastics recycled by the Group, an area in which it already shows leadership, through its subsidiary Aliplast. The only Italian multi-utility to have signed the Ellen MacArthur Foundation’s “New Plastics Economy Global Commitment”, it will extend its commitment in this sector, through means including increasing its plant capacity and extending its range of action to the recovery of rigid plastics. The goal is to increase the amount of plastic recycled by 150% within 2030 (compared to 2017). In the spirit of transparency, which has always been one of Hera’s hallmarks, intermediate Sustainability Performance Targets (SPTs) have also been defined with respect to the 2030 objectives, which will be reported annually. The Hera Group’s published SLFF now stands alongside its Green Financing Framework (GFF) – adopted by the company in 2019 – and responds to the growing attention shown by international investors towards sustainable financial instruments. This is an area in which Hera has always invested: after issuing the first green bond in Italy in 2014, the Group in fact offered a second “green” bond in 2019 and, in 2018, was the first company to launch an ESG-linked revolving credit line in this country. “With the Sustainability-Linked Financing Framework, we have consolidated the link between our financial strategies and the attention to sustainability which has always characterised us, for reasons including the very nature of the businesses we manage”, states Luca Moroni, Group Manager of Administration, Finance and Control. “Green financial instruments and, more generally, ESG criteria are in fact a fundamental lever to create value and support our commitment to an increasingly regenerative and resilient development. In particular, reducing greenhouse gas emissions and recycling plastics are particularly relevant areas for us, where we want to and can make a real difference in order to respond to the many challenges we are currently facing, starting with climate change, and contribute to meeting the goals on the 2030 Agenda”. Sustainalytics, one of the leading ESG rating agencies, has issued a Second Party Opinion certifying the Hera Group’s Sustainability-Linked Financing Framework’s consistency with the main international reference standards, first and foremost the International Capital Market Association’s 2020 Sustainability-Linked Bond Principles. In structuring its SLFF, the Group was supported by BNP Paribas, UniCredit and Mediobanca. Press Release Sustainable Linked Financing Framework.pdf 2020-07-02 09:54 Communication of the overall amount of voting rights
29/09/2021
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Hera among the world’s top companies for diversity and inclusion

2021-09-29 In the international standing provided by Refinitiv’s 2021 “Diversity & Inclusion Index”, the Group ranks 42nd globally, second overall among multi-utilities and third in Italy. Policies promoting diversity, inclusion and people development are increasingly central for investors. Hera has been confirmed among the listed companies most committed to promoting diversity, inclusion and people development worldwide. This emerges from the 2021 edition of the “Diversity & Inclusion Index” published by Refinitiv, which examined approximately 11,000 companies globally and awarded the Hera Group with 42nd place in the world ranking, 2nd best multi-utility in the world and 3rd best among Italian companies. The “Diversity & Inclusion Index” was designed and created by the international financial information giant Refinitiv and analyses the performance of companies on the basis of a wide set of sustainability KPIs. It provides one of the main references to investors who look favourably at companies adopting policies oriented towards Diversity & Inclusion (D&I). These issues are becoming increasingly important worldwide, alongside a growing awareness on the part of companies themselves of the benefits linked to ESG factors from an economic and social point of view, in terms of sustainability and wellbeing. For Hera, this offers further confirmation of the attention the Group has always paid to these issues, focusing on the wellbeing and development of its over 9,000 employees, promoting an inclusive culture both inside and outside the company. The Group was a pioneer in this area, signing the Charter for Equal Opportunities and Equality on the Workplace in 2009 and introducing the position of Diversity Manager in 2011, to promote diversity, equal opportunities and equality on the workplace. One outstanding example of the Group’s personnel policies is its corporate welfare plan, which supports employees and their families, with 4.5 million in services used in 2020 alone. Hera also invests in developing personalised internal career paths, with 32.6% of women in positions of responsibility and, more generally, a 26.7% share of female staff, above the national average for the sector (2020 figures). Investment in training is also crucial, with an average of approximately 26 hours per capita and activities involving 95% of employees last year. Press release Hera Group on 2021 Diversity & Inclusion Index.pdf 2020-07-02 10:58 Communication of the overall amount of voting rights
20/09/2021
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AcegasApsAmga wins the gas tender for ATEM Udine 2

2021-09-20 The multi-utility, 100% controlled by the Hera Group, won with a bid focused on sustainability and creating value. In the coming months a 12-year contract will be signed with the Municipality of Udine as contracting body. The Municipality of Udine, acting as contracting body, has officially awarded to AcegasApsAmga, a 100% subsidiary of the Hera Group, the tender for managing the natural gas distribution service in the Udine 2 Ambito Territoriale Minimo (ATEM). The details of the tender won by AcegasApsAmga The Udine 2 ATEM comprises 18 municipalities (including Udine) and over 90 thousand users, with a network stretching over 1,200 km. Since the tender was awarded to the Hera Group, the new gas distribution network in Udine will be characterized by sustainability and the energy transition, and AcegasApsAmga, already the outgoing operator in 13 of the 18 municipalities, will be responsible for the service for the next 12 years. The contract, which will be signed in the coming months between the multi-utility and the Municipality of Udine, is worth approximately 115 million euro. A call for tenders generating shared value for communities AcegasApsAmga, in order to maintain its management of this service, while competing against some of the most qualified national gas distribution operators, developed a proposal that reconciled management efficiency, hence economic impact, with state-of-the-art safety standards, asset management solutions and environmental considerations. This proposal, supported by the know-how of the Hera Group, manifested as a management capable of bringing shared value to the community in terms of service quality, protection from adverse events, economic benefits and environmental advantages. 80 million in investments to further improve security and resilience The AcegasApsAmga project expects a substantial portion of the approximately 80 million euros planned for investments in gas distribution over the next 12 years will be used to prevent failures, upgrade the network and further increase its reliability and resilience, thus guaranteeing the utmost service continuity.In the event of supply failure coming from one direction, for example, a properly meshed network can be counter-supplied by other pipelines. The investment package also includes a replacement of the current gas meters with “Nexmeters”, the latest generation of meters engineered and developed by the Hera Group, provided with cutting-edge functions that guarantee high safety standards even during emergency situations such as earthquakes. All the service levels guaranteed to date will furthermore be maintained, levels that already significantly exceed the standards set by the Regulatory Authority ARERA. This includes the average response time of emergency services, within 60 minutes of the call in 99% of cases, as well as 5 days as the maximum time for carrying out basic work on the network. Or again, the commitment to ensuring that 100% of gas networks are inspected every year, in order to detect any leaks. For some time now, indeed, the investment rationale adopted by AcegasApsAmga has gone from an emergency approach (interventions following significant malfunctions) to a predictive one (interventions planned according to potential fragile points detected in the network). With these interventions, it will be possible to take advantage of the opportunities offered by the new area management (ATEM Udine 2), overcoming the territorial boundaries traditionally associated with municipal management. "I believe - is the comment of Pietro Fontanini, the Mayor of Udine - that, with the effort to bring together themes like safety, quality of service and environmental sustainability, thus creating an added value for the entire community, AcegasApsAmga highlights a new strategy in gas distribution and, at the same time, the standard to which all operators will have to comply in the near future. As Mayor of Udine, I consider this tender perfectly coherent to the overall context of the efforts that our city is making toward the respect of the environment." Chairman Tommasi: “competition in public services leads to shared value for local areas” “We are particularly pleased with the victory in the gas tender in ATEM Udine 2”, explains Tomaso Tommasi di Vignano, Executive Chairman of the Hera Group and Chairman of AcegasApsAmga. “AcegasApsAmga’s bid made available to the territory the best of Hera Group’s know-how, not only in terms of safety and service management, but also in terms of environmental sustainability, which will be one of the distinguishing points of the new management. This challenge, of calls for tenders, is one that the Hera Group has long been equipped to deal with, not only in the field of energy distribution, and these results prove yet again that for us, in addition to service quality and continuity, it is important to invest and generate positive repercussions for the areas we serve.” CEO Gasparetto: “local jobs and professionalism preserved” “The spirit with which we sign the new gas distribution contract in the Udine area will not be that of a company simply looking to continue managing a service”, states Roberto Gasparetto, CEO of AcegasApsAmga. “Rather, we will work towards a new beginning, with the desire to add new value to Udine and the surrounding municipalities. In this sense, we also feel that we have kept faith with one of the industrial rationales that led, in 2014, to the aggregation of Amga in what was then AcegasAps and hence the Hera Group: to maintain the management of gas distribution in the area, preserving local jobs and professionalism.” Press release AcegasApsAmga wins the gas tender for ATEM Udine 2.pdf 2020-07-02 13:21 Communication of the overall amount of voting rights
13/09/2021
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M&A

Herambiente acquires Vallortigara Group

2021-09-13 By acquiring this Veneto-based company, the Hera Group has further consolidated its leadership in the waste management sector. From this and two similar transactions completed in the first half of 2021 in the industrial waste treatment sector, a consolidated contribution to Hera’s Ebitda coming to 20 million euro is expected Sede Gruppo The Hera Group has further strengthened its national leadership in the waste management sector, more specifically in industrial waste treatment. The Group, through its subsidiary Herambiente, has in fact acquired 80% of the Vallortigara Group, which provides services to industries, public administrations and citizens and manages a multifunctional platform for special waste treatment in Torrebelvicino (Province of Vicenza in the North-Eastern part of Italy). The Torrebelvicino platform consists of three sections: a storage and selection plant for solid and liquid, hazardous and non-hazardous industrial waste, a stabilisation and solidification plant for industrial sludge and a chemical-physical plant for liquid waste. Currently, this facility treats approximately 75,000 tonnes of waste per year and, thanks to the investments planned by Herambiente, it will be able to increase and streamline its activities, in line with the principles of the circular economy. The acquisition of the Vallortigara Group, which employs over 100 workers and has 4,000 customers,both in public and private sector, will enable the Hera Group to strengthen its presence in the Triveneto region. It will also expand its service to neighbouring territories, creating significant synergies with the Hera Group’s industrial centres in the provinces of Pisa and Ravenna, which have been operational for some time. The current owners (the Vallortigara family) will remain within the new corporate structure. Overall, through the company Hasi (Herambiente Servizi Industriali), Herambiente now has 18 multi-purpose sites dedicated to treating waste produced by businesses, with 1.3 million tonnes of industrial waste treated each year. Following the two transactions in the same field, industrial waste treatment, carried out in the first half of 2021 – the acquisition of 70% of the company Recycla in Friuli and 31% of the company SEA in the Marche region – Herambiente’s development plan thus continues, confirming its position as the country’s leading operator in the sector, able to provide across-the-board solutions in industrial waste treatment to an increasing number of new customers. In fact, all the acquisitions made by Herambiente also contribute to the objective of strengthening the geographical presence by increasing the penetration at local level, thus improving the efficiency and quality of services to local businesses and generating positive returns in the areas served, along with economic benefits for customers. “This new transaction is in line with the significant path of strategic development we are implementing in the industrial waste sector”, comments Tomaso Tommasi di Vignano, Executive Chairman of Hera Group. “When fully operational, thanks to the three acquisitions made in 2021, we will treat more than 300,000 additional tonnes of industrial waste produced by 3,300 new industrial customers every year, with a contribution to the Hera Group’s Ebitda coming to roughly 20 million euro, in addition to the value of the synergies expected from the integrations.” Press releaase Vallortigara acquisition.pdf 2019-07-03 11:02:00 Sede Gruppo
09/09/2021
Price sensitive
Hera Spa
M&A

100% of Ascotrade goes to the Hera Group

2021-09-09 Through its subsidiary EstEnergy, the Group has acquired 11% of the share capital of Ascotrade, a gas and electricity sales company, from Bim Gsp, now controlling it entirely. This transaction is part of a rationalisation and consolidation process following the Ascopiave partnership Sede Gruppo The Hera Group continues to expand its presence in the energy sector, in the Triveneto area in particular. Through its subsidiary EstEnergy, indeed, it has purchased 11% of Ascotrade, a company operating in gas and electricity sales, from Bim Gestione Servizi Pubblici in Belluno, for 21 million euro, thus controlling 100% of the share capital. This transaction is part of the process of rationalisation and consolidation of the companies controlled by EstEnergy, already the foremost energy operator in North-Eastern Italy, following the partnership between the Hera Group and Ascopiave. With the acquisition of the entirety of Ascotrade’s shares, the Hera Group has further consolidated its leadership in the energy area, where it already has a total of approximately 3.4 million customers. Press release Ascotrade acquisition.pdf 2019-07-03 13:00:00 Sede Gruppo
Online since 09/09/2021 at 13:00
03/09/2021
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)
04/08/2021
Shareholders’ meeting
Price sensitive

Communication of the overall amount of voting rights

2021-08-04 (drafted pursuant to article 85-bis, paragraph 4-bis, of Consob Regulation 11971 / 14 May 1999) Communication of the overall amount of voting rights Bologna, 4 August 2021 - The following table contains the data concerning the shares outstanding and the number of voting rights representing the share capital as at 31 July 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 2,230,926,254 1,489,538,745 2,231,003,848 Ordinary shares (regular dividend rights: 01.01.2021) - cod. ISIN IT0001250932 Current coupon: n. 20 748,151,236 748,151,236 748,073,642 748,073,642 Ordinary shares with increased voting rights (regular dividend rights: 01.01.2021) - cod. ISIN IT0005159972 Current coupon: n. 20 741,387,509 1,482,775,018 741,465,103 1,482,930,206 Press release Communication overall amount of voting rights art. 85 bis.pdf 2019-07-03 10:56:00 Communication of the overall amount of voting rights
30/07/2021
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Hera Spa
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The world’s first AWS-certified drinking water plant is located in Bologna and managed by Hera

2021-07-30 potabilizzatore_val_di_setta.jpg 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 Potabilizzatore 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.” Press release Hera has the world's first AWS certified drinking water plant.pdf 2019-07-03 11:25:00 Potabilizzatore
Online since 30/07/2021 at 11:25
28/07/2021
Price sensitive
Financial Results

Hera BoD approves results for 1H 2021

2021-07-28 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 Sede Gruppo 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 2019-07-03 13:00:00 Sede Gruppo
21/07/2021
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Hera among the best utilities in the S&P Global Ratings ESG evaluations

2021-07-21 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 https://eng.gruppohera.it/group_eng/investor-relations/hera-stock Hera stock 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. Press release ESG Evaluation.pdf 2019-07-03 11:21:00 Nuova_Palazzina_1_110x150_s1.jpg
07/07/2021
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Hera and INALCA (Cremonini Group) together to produce biomethane

2021-07-07 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 and INALCA (Cremonini Group) together to produce biomethane 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 2019-07-03 12:52:00 Hera and INALCA (Cremonini Group) together to produce biomethane

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