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Financial Results 1Q 2021
Stories
The roots that strengthen Hera’s innovation
One of the typical features of companies that are leaders in their industry is the ability to consolidate their leadership over time through innovation. Hera nurtures that intangible asset, the innovation, through continuous investment, by leveraging some specific strengths.
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Financial Results 1Q 2021
Hera on stock exchange
In a well-oriented stock market, Hera has several elements of appeal
In these early months of 2021, Hera’s share price has gained strength. And not only in absolute terms, with a rise of over 10%, but also because it has outperformed the index of the utility sector. In the last few trading sessions, the stock has even outperformed the FTSE MIB, which is heavily weighted towards stocks that allow the theme of future recovery to play out in a catch-up trade.
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Financial Results 1Q 2021
Looking at the figures
Focus on Q12021 results
In first-quarter 2021, Energy areas drove the EBITDA of Hera Group. Overall, EBITDA grew by 3.7%, against a scenario that proved to be less penalizing than that of the same period of 2020, in terms of both weather conditions and severity of anti-Covid restrictions. Quarterly results provide a clear picture. On the one hand, Hera is constantly looking for new efficiencies, especially through innovation; on the other hand, it continues to expand its customer base in a selective way, by leveraging also on value-added services and high-impact activities for the implementation of circular economy. With such a model, Hera achieves healthy returns.
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Financial Results 1Q 2021
Message from the executive chairman of the board
Sound first-quarter results strengthen Hera’s competitiveness
First-quarter results demonstrate Hera’s ability to post healthy growth rates in an improving scenario. The increase of 3.7% in EBITDA indicates that around 70% of the negative impacts related to Covid-19 and mild temperatures, which affected the first quarter of 2020, have been recovered. The Net Profit growth of 6.2% – therefore higher than that at EBITDA level – proves the positive contribution of both financial and fiscal management.
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Financial Results Y2020
Stories
How Hera became “the top multi-utility in the world”
Since 23rd November 2020, Hera is part of the selected group of 323 companies included in the Dow Jones Sustainability Index World, a basket consisting of listed companies that are in the top 10% of the ranking for their sector.
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Financial Results Y2020
Hera on stock exchange
More attractive and visible returns for Hera’s shareholders
The solid results of fiscal year 2020 represent a milestone in Hera’s growth path considering the scenario in which they were achieved. Therefore, they provide an anchor of certainty in a context of stock markets suffering from a severe lack of visibility, especially on the timing of exit from anti-pandemic restrictions.
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Financial Results Y2020
Looking at the figures
Focus on FY2020 results
In 2020, Hera leveraged the benefits resulting both from the recent acquisitions and from the synergies already extracted in the first year of their management, to continue the growth path indicated in the Business Plan. Thus, the Group achieved a 3.5% increase at EBITDA level, despite the challenging environment due to the economic effects of the restrictions to fight the spread of Covid-19 and the extremely mild weather conditions.
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Financial Results Y2020
Message from the executive chairman of the board
A more generous dividend based on a 2020 cash flow beyond expectations
Despite the pandemic scenario, 2020 proved to be a year of reassuring results in many regards. Behind the performance of financials, which exceeded forecasts, we boast a solid business model, a proven successful growth strategy, as well as a thorough execution of stakeholder-supporting policies that can be shaped by the needs of the moment.
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Business Plan 2020-2024
Stories
A Plan consistent with new external priorities
Hera has designed its Business Plan to 2024 consistently with the external scenario, where international policy makers are indicating clear priorities in terms of environment, society, and innovation. Hera has outlined a dual path, both for the creation of Shared Value and for the industrial strategy, pursuing respectively the UN 2030 Agenda and the European policies – especially those featured in the “Next Generation EU” program.
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Business Plan 2020-2024
Hera on stock exchange
A Plan that makes Hera’s value even more evident
The new Plan to 2024 clearly indicates both the extent and quality of the value that Hera Group can create: the targets set in the past, exceeded for the fifth time in a row; the new objectives to 2024 and 2030, more ambitious than the previous ones and even more closely linked to the new priorities of a Europe that is moving towards “zero emissions” and wants to make the economy even more circular; the prospect of steady growth in dividend per share
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Business Plan 2020-2024
Looking at the figures
Focus on 2020-2024 Plan’s targets
Hera’s strategic review presents a clear path of sustainable development for the long term and a five-year Plan that allocates 3.2 bn€ investments to fuel growth. Therefore, 2024 EBITDA is expected to reach 1.3 bn€, of which approximately 50% from Shared- Value projects.
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Business Plan 2020-2024
Message from the executive chairman of the board
Sustainability and financial flexibility at the heart of the Plan to 2024
The Business Plan to 2024 fully intercepts the opportunities of the new economic policies, which promote energy transition and technological development. The new Plan declines these opportunities in a way that is consistent to the specific business model of the Group, with the aim of designing the next steps of a growth path that has continued uninterruptedly since 2002.
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Financial Results 3Q 2020
Stories
Hera is a 360 degrees partner for corporate green services
Hera Business Solution (“HBS”), the cutting-edge offer of Hera Group dedicated to businesses, is here. The entire expertise gained by a leading Group in the efficient and circular management of all utility services is made accessible to clients. The offer promotes a new approach that supports clients with holistic assistance.
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Financial Results 3Q 2020
Hera on stock exchange
Waiting to regain the premium that solid fundamentals deserve
Today Hera stock trades at multiples way lower than the past. On the other hand, consensus target price is still close to 4 euro. In light of results that confirm how the Company continues to deliver the profitable growth indicated in the Business Plan despite the risks posed by Covid-19, we are trying to understand the reasons behind market’s behaviour, which at the moment seems to remain indifferent to the huge undervaluation experienced by the share price.
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Financial Results 3Q 2020
Looking at the figures
Focus on the results of first nine months 2020
Despite an external context that proved to be extremely challenging due to the Covid-19 pandemic, in the first nine months of 2020 Hera managed to post higher results both at EBITDA level and at the P&L bottom line. With a careful and responsible approach towards all stakeholders, Hera successfully faced and managed the risks related to the virus outbreak, thus neutralizing the impacts of the restrictions introduced to contain the health emergency.
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Financial Results 3Q 2020
Message from the executive chairman of the board
Covid-19 does not change Hera’s growth profile
Despite the current scenario deeply differs from that assumed in the Business Plan to 2023, Hera continues to follow the strategic design. While investments and new business initiatives continue, a careful approach to gain efficiency at organic level and extract value in the integration process of acquired companies allows Hera to post a 2.6% growth at EBITDA level.
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Financial Results 1H 2020
Stories
Innovation in traditional multi-utilities. Only those who were “plan-ahead” companies in the past can move fast now.
In the age of great changes with global impact, technological progress is one of the most disruptive. It challenges business models, while requiring deep rethinking even of the more traditional activities in the industry. Widespread use of new technologies is revolutionizing the way multi-utilities operate. It is deeply transforming services offered to customers and their own expectations.
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Financial Results 1H 2020
Hera on stock exchange
An investment case perfectly fitting in the new market environment
Uncertainty and volatility are the key words that have dominated the equity markets in these times of Covid-19 pandemic. Long term sustainability and “green” agenda are the key words that have shaped the new monetary and fiscal policies in Europe.
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Financial Results 1H 2020
Looking at the figures
Focus on half-year 2020 results
In the first half of 2020, amid the pandemic-induced emergency, Hera has fulfilled its commitments toward stakeholders: it has guaranteed continuity of customer service while safeguarding the health of its employees; it has remunerated its shareholders with the 10 euro cent dividend envisaged in the Business Plan; it has made its presence felt the areas in which it operates with material aid to healthcare facilities.
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Financial Results 1H 2020
Message from the executive chairman of the board
No deviation from the profitable growth path designed in the Business Plan
In the first half of 2020 Hera continues to growth organically, leveraging on a deep-rooted “culture of efficiency”, and promptly captures the synergies from recent acquisitions, which are proving to be absolutely strategic. This way, in the first six months of the year we have already absorbed by a comfortable margin the amount of 30 million euro that represent the total Covid-19 impact on the P&L, as shown by the EBITDA growth of 2.5%.