Hera BoD approves results as at 30 September 2024
The results of the first 9 months of 2024 confirm once again the positive trend of the multi-utility with the main economic results improving, compared to the same period of the previous year.
Ebitda reached 1,037.6 million euro, thanks to the performance of the Waste and the Water cycle sectors which fully offset the decrease in the energy areas.
Net profit records a significant increase, equal to +20% compared to September 2023, proving the Group's ability to translate economic growth down to the bottom line.
Including capital grants, the Group’s operating investments came to 561.1 million euro, up 47.1 million euro over the previous year, which demonstrates the continuous focus on enhancing and strengthening the resilience of the assets under management.
Net financial debt, at 4,175 million euro, show an increase of approximately 347.3 million euro compared to the previous year. The ratio of net financial debt to Ebitda remains at a comfortable level of 2.7x, a value consistent with previous quarters, which allows for the financing of further growth opportunities.
| Economic data (mln €) | 9M 2024 | Inc. % | 9M 2023* | Inc. % | Change% 23-24 |
|---|---|---|---|---|---|
| Revenues | 8,577.1 | 100.0% | 11,396.5 | 100.0% | (24.7%) |
| Ebitda | 1,037.6 | 12.1% | 1,006.8 | 8.8% | +3.1% |
| Ebit | 522.5 | 6.1% | 504.6 | 4.4% | +3.5% |
| Pre tax profit | 433.5 | 5.1% | 364.9 | 3.2% | +18.8% |
| Net profit | 312.1 | 3.6% | 267.1 | 2.3% | +16.8% |
|
|
|
|
|
|
|
| Shareholders of Parent Company adjusted | 282.9 | 3.3% | 235.5 | 2.1% | +20.1% |
| Minority shareholders | 29.2 | 0.3% | 31.6 | 0.3% | (7.6%) |
* Net of non-recurring items
Economic data (36 kb - XLS)
To learn more: Financial results Hera has reported since its constitution in 2002: Summary data 2002-2023 (73 kb - XLS)
Page update 13 November 2024
Seleziona il tuo comune
