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Analyst presentation BP to 2029, this file opens in a new window

Press release BP to 2029 , this file opens in a new window

Newsletter BP to 2029

Hera overview

Hera overview

Business model

Business model

Investors proposition

Investors proposition

Creating Shared value

Creating Shared value

Benchmark

Benchmark
We are a multi-utility providing primary services that focus in the gas, electricity, water and environment sectors, serving about 4 million customers.

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A constant M&A activity, portfolio synergies, organic expansion policies combined with cross selling activities and significant investments allow us to achieve steady growth and create value in all businesses.

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We are committed on a daily basis to sustainably managing our core business and ensuring value creation for every stakeholder, customer, employee and the territory.

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We are Italy’s largest multi-utility in terms of market capitalisation and we aim to keep growing. A detailed peer benchmarking analysis highlights the different business areas, their performance and the Group’s dimensions.

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Investimenti Sostenibili/Perchè Investire

Hera's strategy

Business Plan Targets

The Hera Group has revised all five-year targets upwards, starting with EBITDA, which is expected to reach €1.76 billion by 2029. The Plan to 2029 provides for total investments of over €5.5 billion, of which €2.6 billion is allocated to organic growth.
The defined growth targets translate into a return on invested capital (ROI) of 9.3% by 2029. Structural earnings per share are expected to grow at an average annual rate of around 6%, supporting dividend growth to reach €0.19 per share by 2029.
Total shareholder return, which considers both the expected earnings trajectory and dividend yield, is therefore expected to average approximately 10% per year.
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Scenario and Megatrends

The Plan to 2029 is built around the Group’s structural growth and has been developed according to a balanced development model across its various businesses, designed to address the needs of all stakeholders. It is based on concrete initiatives aligned with the main national and international policies on energy transition, the circular economy and innovation. The guiding principles of the new Industrial Plan, which take into account the particularly challenging external environment in which we operate, will enable the Group to turn challenges into opportunities and to further strengthen all business activities.
The planning framework is built on three strategic levers: value creation, sustainable growth, and the strengthening of risk management and operational resilience. Innovation acts as a cross-cutting enabler underpinning the entire plan.
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Press release

Press release

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Financial results and presentations

Financial results and presentations

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Hera share

Hera share

Scopri di più Borsa

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Marchi investitori

 

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Analysts

Analysts

Per gli analisti Cards

Coverage

Highlights

Multiservizi Investitori

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Financial report as of 30 September 2025
[2209kb - PDF]

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Financial report as at 30 June 2025
[3016kb - PDF]

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Financial report as at 31 March_2025
[1729kb - PDF]

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Financial report as of 31 December 2024
[10163kb - PDF]

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Financial report as of 30 September 2024
[2216kb - PDF]

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Financial report as at 30 June 2024
[2993kb - PDF]

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Financial report as at 31 March 2024
[2588kb - PDF]

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Analyst presentation 9M 2025
[2320kb - PDF]

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Analyst presentation 1H 2025
[2959kb - PDF]

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Analyst presentation 1Q2025
[2328kb - PDF]

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Analyst presentation FY2024
[2143kb - PDF]

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Analyst Presentation Q3 2024
[630kb - PDF]

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Analyst presentation H1 2024
[1061kb - PDF]

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Analyst presentation 1Q 2024
[809kb - PDF]

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Analyst Presentation Business Plan 2024
[3435kb - PDF]

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Financial results Q3 2025
[155kb - VND.MS-EXCEL]

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Financial results H1 2025
[221kb - VND.MS-EXCEL]

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Financial results Q1 2025
[120kb - VND.MS-EXCEL]

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Financial Results FY 2024
[116kb - VND.MS-EXCEL]

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Financial results Q3 2024
[200kb - VND.MS-EXCEL]

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Financial results H1 2024
[212kb - VND.MS-EXCEL]

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Financial report as at 31 March 2024
[121kb - VND.MS-EXCEL]

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Link Documenti investitori

A diversified shareholder base

A diversified shareholder base

As at 30 September 2025, 45.8% of the shares were owned by 110 public shareholders in the reference territory and 54.2% by floating shareholders, with a wide geographical diversification

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Debt and Rating

Debt and Rating

Debito e rating Cards

Rating

Rates and debt maturity

Bond emissions

Bottone Scopri di più Debito e Rating

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A rewarding strategy

A rewarding strategy

Customer satisfaction is the biggest prize for us, and we are very proud when others acknowledge our commitment.

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Investors

Hera Top Employer for the 17h Consecutive Year

For the seventeenth consecutive year, the Hera Group has been certified as a Top Employer for its labour policies.

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Investors

Hera in the Top 1% of S&P Global CSA Score

For the fifth consecutive year, Hera has been included in S&P Global’s Yearbook, published today, in the “Top 1%” category among the world's best performing companies in the Multi & Water Utility sector.

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pulsante - una strategia che premia

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Related content

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Investor Relations Department

Jens Klint Hansen

Director Investor Relations

Telephone: + 39 051 287737

Email: jens.hansen@gruppohera.it

See all IR team contacts

General contacts

E-mail: ir@gruppohera.it

HERA SPA

Viale Carlo Berti Pichat nr. 2/4
40127 Bologna

General contacts

E-mail: ir@gruppohera.it

HERA SPA

Viale Carlo Berti Pichat nr. 2/4
40127 Bologna

Would you like to stay updated on Hera Group’s financial results and strategic plans?

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