InvestorNews - Articles Archive
Search
Financial Results 9M 2024
Message from the executive chairman of the board
Value creation takes strength
Against a backdrop of continuing normalisation of commodity prices and weak economic growth, Hera achieved very healthy nine-month 2024 results, through wholly organic growth, generated by activities that are the structural pillars of its business portfolio.
Financial Results 9M 2024
Looking at the figures
Focus on nine-month 2024 results
Once again, nine-month 2024 results prove the strength and effectiveness of Hera’s business model. The Group succeeded in increasing operating margins even though the normalisation of energy prices led to a 25.3% fall in Revenues, against the backdrop of an anaemic economy and the expiry of the 110% Ecobonus incentives.
Financial Results 9M 2024
Hera on stock exchange
Hera is ideally positioned in a multiutility-friendly context
Hera continues to overperform its benchmark indices, despite the recent reversal, started after the share price reached the year-high at 3.7 euro in mid-October. The solid fundamentals, again proved by nine-month results, provide strong support also prospectively. To date, Hera has already offered a Total Shareholder Return of 12%, which is almost twice the annual average indicated in the Plan.
Financial Results 9M 2024
Stories
Towards a zero-emission 2050
What will living conditions on Earth be like in the future? Everything depends on the choices being made as of today and how those commitments will be maintained over time. Aware of this reality and of its role as an enabler of sustainability, last July Hera made a formal commitment to reach Net Zero in terms of greenhouse gas emissions by 2050, being the first to have taken up that challenge among Italian multi-utilities.
Financial Results 1H 2024
Message from the executive chairman of the board
A half year with high quality of growth
After the brilliant results achieved in 2023, which provide a challenging basis for comparison, Hera manages to deliver further progress in the first half of 2024, as proven by EBITDA increasing by 2%, EBIT improving by 2.8%, and Earnings per Share up 16%. The half-year growth in Group EBITDA is based on structural components and fully organic: a strong impetus came from the positive dynamics of Networks, where Hera has taken full advantage of the new regulatory framework, and from the strong position in industrial waste treatment.
Financial Results 1H 2024
Looking at the figures
Focus on 1H 2024 results
In the first six months of 2024, Hera confirmed its continued ability to improve operating margins due to the strength of its structural business portfolio, even against a backdrop of energy prices returning to more normal levels and the expiry of the 110% Ecobonus benefits. Against a 33.3% drop in Revenues, Group’s half-year results post a 2.0% progress at EBITDA and a 2.8% increase at EBIT.
Financial Results 1H 2024
Hera on stock exchange
Still room for appreciation, even after the rise already achieved
Due to solid fundamentals, confirmed by healthy half-year results, Hera strengthens the visibility of further returns to offer to shareholders, who have been rewarded at the end of last June with the distribution of a dividend of 14 euro cents. On top of the dividend yield, the shareholder return includes a price increase of nearly 20% year-to-date that has led the stock to outperform all benchmark indices.
Financial Results 1H 2024
Stories
With a 25 % increase in the customer base, a new phase of further growth begins
In an increasingly liberalised market, Hera has a clear plan to make the most of expansion opportunities in the Energy areas, as proven by the entry in its portfolio of one million new customers with the Gradual Protection Service
Financial Results 1Q 2024
Message from the executive chairman of the board
Hera accelerates value creation
In the first quarter of 2024, following record growth in the previous year, Hera again succeeded in posting healthy operating performance, with EBIT up 4.2%, resulting in a 12.2% increase in Earnings per Share. Regulated businesses are once again having a significant impact on growth, whereas Hera had lately only been relying on additional efficiencies and service quality rewards to produce sound results
Financial Results 1Q 2024
Looking at the figures
Focus on Q1 2024 results
In the first quarter of 2024, Hera achieved an increase of 1.7% at EBITDA level and of 4.2% in EBIT, despite the 40.9% decline of Revenues due to the normalisation of energy commodity prices. Networks EBITDA provided an incremental contribution of 13.5 m€ at Group level, leveraging on the positive impacts of the new regulatory framework, while the Waste area added for 2 m€, offsetting the negative impacts of the scenario.
Financial Results 1Q 2024
Hera on stock exchange
Hera stock outperforms all the benchmark indices
The first-quarter 2024 report released today enhances the visibility of Hera’s ability to deliver an attractive return to its shareholders: the profitability growth, as measured by both ROI and ROE, supports an EpS increase of more than 12%, which is also matched by a dividend yield of around 4%. Shareholders will receive a payment of 14 eurocents on 24 June, as resolved by the Shareholders’ Meeting held on 30 April.
Financial Results 1Q 2024
Stories
A “purpose-driven leadership” for the strategy’s full success
In line with the evolving context, Hera has identified a new leadership model that it is now rolling out across the entire corporate population. Born from listening to the 10,000 people who work in the Group, the model is enriched by the use of a Generative Artificial Intelligence app, which evaluates behaviours in everyday life and allows practising those same behaviours by improving them according to feedback from reality.
Financial Results Y2023
Message from the executive chairman of the board
EBITDA accelerates in 2023 and comes close to 1.5 billion
Fiscal Year 2023 shows very healthy performance at operational level, with an EBITDA increase of 15% translating into a 17% EPS increase. The strong EBITDA improvement reflects a “structural” component connected to organic growth and M&A – typical Hera’s development levers over time – which is complemented by a significant contribution from the markets of Last Resort and Energy Efficiency services under the Ecobonus incentives.
Financial Results Y2023
Looking at the figures
Focus on FY 2023 results
In 2023, Hera achieved an EBITDA increase of 15.4%, in a framework featuring a 25.8% decline in Revenues, as energy commodity prices returned to levels closer to those before the outbreak of the conflict in Ukraine. The EBITDA of Energy areas, which has determined 182.5 m€ of the total Group EBITDA progress of 199.7 m€, posted a significant increase (+40.6%), due to the fast expansion of the customer basis (+c.330,000) and the broadening of the services offered, including those in the Energy Efficiency business.
Financial Results Y2023
Hera on stock exchange
2023 TSR is new fuel for the share’s ongoing rally
The presentation of the 2023-2027 Business Plan, held on 24 January 2024, gave further boost to the uptrend that the Hera stock started in early October 2023. At recent prices around 3.3 euro, the share price has increased by more than 30% since last autumn’s low; nonetheless, an attractive gap of around 15.5% remains against the consensus target price.
Financial Results Y2023
Stories
For Hera, great benefits from higher Shared Value creation
With a win-win approach, Hera has long chosen to strategically position increasing EBITDA shares in activities that contribute to strengthening the Group’s margins while offering tangible social and environmental benefits. Following this pioneering vision, Hera dedicated 2.5 billion investments to initiatives with higher impact and visible returns.
Business Plan 2023-2027
Message from the executive chairman of the board
As growth accelerates, more value to shareholders
With the 2023-2027 Business Plan, Hera clearly defines the path to follow over the coming years. Even in the new, challenging scenario, Hera continues to leverage on a strategy that has been proven effective over time, with well-defined priorities in terms of value creation, sustainability and resiliency.
Business Plan 2023-2027
Looking at the figures
The business strategy at the basis of 2027 expected ROI
Over the five-year period, Hera will concentrate more than half (about 55%) of the 4.4 billion euro investment plan in regulated businesses (Networks and Waste collection), with the aim of enhancing the existing infrastructure and seizing the opportunities of the regulatory framework, thus generating returns with high visibility and keeping the risk profile low.
Business Plan 2023-2027
Hera on stock exchange
Higher shareholder returns from an acceleration plan
The rally that Hera’s shares have experienced since last October has only partly covered the wide appreciation room against the average target price of analysts in coverage – currently at 3.53 euro. Preliminary results for the Year 2023, above market expectations, will provide further visibility on management’s actual ability not only to hit strategic targets, but to achieve them well in advance.
Business Plan 2023-2027
Stories
A more ambitious Business Plan? Numbers prove it
The new 2023-2027 Plan envisages a significant acceleration of growth compared to the previous Plan, whose horizon was 2026. The engine behind more dynamic development lies in higher investments planned over the five-year period. The EBITDA drivers take shape through the number of funds invested, but even through the quality of the selected projects, which offer more attractive returns, and the efficiencies Hera aims to gain in regulated businesses.