In line with the Group's history, the new Plan continues to expect growing results, thanks to a scenario that shows good opportunities in the areas in which Hera operates. The goals of increasing value creation, cash generation and dividends have been confirmed.
Ebitda in 2027 is expected to grow by +355 m€ compared to the previous plan, reaching a total of 1,65 bn€.
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FINANCIAL TARGETS AND ACHIEVEMENTS
| EBITDA | ||
|---|---|---|
| OBJECTIVE |
Reaching an Ebitda coming to 1,650 m€ in 2027, with +355m€ up compared to FY2022 and in line with Group’s historical results. 1,650 mln € |
|
| DESCRIPTION |
This objective is to be reached through different growth levers, both internal (+375m€) and external (+100m€), able to offset the depletion of some temporary opportunities for approximately -120 m€. |
|
| ACHIEVEMENTES |
The preliminary year-end data for 2023 indicates growth in Ebitda coming to +185 m€, showing one of the greatest organic growth registered since Hera establishment, with main contributions coming from:
|
|
| FINANCIAL POSITION | |
|---|---|
| OBJECTIVE |
Maintain the Net Debt / Ebitda ratio at 2.7x by 2027 in continuity with the current level. in continuity with the current level. ~2.7x |
| DESCRIPTION |
The Business Plan intends to maintain the company's solid financial position through the continuous monitoring of all risk factors and a careful management of cash flows. |
| ACHIEVEMENTS |
The preliminary year-end results for 2023 show a decrease in the Net debt/Ebitda ratio below 2.6x, an improvement compared to the 3.3x showed at FY2022. This positive trend is expected to continue over the new 5-years-plan. |
| DIVIDENDS | |
|---|---|
| OBJECTIVE |
Paying higher dividends: from 12.5 €cents per share paid in 2023 to 16 €cents per share in 2027 (+28% compared to the last dividend paid). 16 c€ |
| DESCRIPTION |
The plan's cash generation allows for an increasing dividend policy guaranteeing an improved financial solidity to 2027 compared to the old plan. The 2023 dividend to be paid in June 2024 is expected at 14 €cents, with an increase every year, up to 16 €cents in 2027. |
| ACHIEVEMENTS |
In view of the positive preliminary results for 2023, the entire dividend policy has been revised upwards, foreseeing the distribution of a 14€cent dividend per share as early as June 2024, up 12% compared to the last dividend paid and higher than the growth forecast in the previous Plan (13 €cents). |
Achievement of previous plans
The Hera Group has reached the goals set in its last three five-year business plans to 2018, 2019, 2020, 2021 and 2022, demonstrating that it is capable of operating with stability and solidity, able to guarantee a continuous creation of value for its stakeholders, slightly outperforming its operating-financial targets.
Financial KPI
| FY2021 results | FY2022 results | Guidance 2022 | ||
|---|---|---|---|---|
| Ebitda (m€) | 1,223.9 | 1,295.0 | 1,254.0 | ✓ Outperform |
| Net profit (m€) | 372.7 | 372.3 | 375.9 | ✓ Achieved |
| Dividend per share (c€) | 12.0 | 12.5 | 12.5 | ✓ Achieved |
| Ebitda CSV (m€) | 570.6 | 670.3 | 680.0 | ✓ Achieved |
| FY2022 results | FY2023 results | Guidance 2026 | |
|---|---|---|---|
| Ebitda (m€) | 1,295.0 | 1,494.7 | 1,650.0 |
| Net profit (m€) | 22.1 | 25.9 | 31 |
| Dividend per share (c€) | 12.5 | 14.0 | 16.0 |
| Ebitda CSV (m€) | 670.3 | 770.0 | 1,049.0 |
Page updated 26 March 2024
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