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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%.
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Financial Results 1Q 2020
Stories
In a time of social distancing, Hera is ever closer to customers
The strict lockdown adopted in Italy led to a number of changes in marketing and customer-service activities. On the other hand, consumption has also changed. Hera has put into play the proven experience of Hera Comm to deal with the new situation in such a way as to ensure together the safety of people and the continuity of service.
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Financial Results 1Q 2020
Hera on stock exchange
Scope for rerating with a clearer scenario
Hera’s price remains well below its fair value, despite showing the features of a defensive stock, because of the uncertainties concerning the way Italy will exit the deepest phase of the crisis originated by the pandemic.
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Financial Results 1Q 2020
Looking at the figures
Focus on first-quarter 2020 results
The performance in the first quarter of 2020 shows that Hera continues on the development growth path that has built over the years, by leveraging organic growth and the expansion achieved in its perimeter. This reflects a resilient business model and the M&A deals carried out in the past fiscal year.
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Financial Results 1Q 2020
Message from the executive chairman of the board
Effort in organic growth is rewarding Hera. M&A contribution proves essential
Areassuring picture has emerged from first-quarter 2020 results, despite a tough scenario. Shareholders remuneration has been confirmed, with 10 euro cents to be paid on 8 July 2020.
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Financial Results Y2019
Stories
New Sensitivity Game now available
Hera’s Investor Relations team has just completed the new version of the “Sensitivity Game”. Presented with the name of an intriguing game, it is actually a high-potential tool for analysts and investors that aim to test the impacts of different scenario assumptions on Hera’s future performance.
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Financial Results Y2019
Hera on stock exchange
A compelling equity story and an intense Investor Relations program behind the strength of Hera’s shares
Over the period from 2018 year-end to 19 February 2020, Hera’s share price surged (+67%), overperforming both the industry index – which grew by 61% – and, to an even greater extent, the Italian Blue Chips index, which in the same period increased by 39%.
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Financial Results Y2019
Looking at the figures
Focus on FY19 results
The performance of FY19 confirms that Hera’s growth path leverages on a well-balanced mix of portfolio activities, which the Company manages with both a forward-looking approach and actively monitoring market opportunities.
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Financial Results Y2019
Message from the executive chairman of the board
Year 2019 – considerable growth, also in quality
The “essential” nature of our business, the low correlation with Italian GDP, together with a structured risk management system, represent a solid certainty in a context whose evolution appears still uncertain.
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Business Plan 2019-2023
Message from the executive chairman of the board
In the new Plan, the growth profile is more visible and dynamic, with lower risks and more sustainability
Within the frame of a scenario that looks challenging but provides plenty of opportunities, Hera sets its 2023 targets, leveraging on the Group strength that the healthy 2019 forecast results once again confirm. All indicators are on the rise compared to the previous Plan, with five-year cumulated dividends increasing by 20%.
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Business Plan 2019-2023
Stories
Looking beyond the Plan, to become increasingly sustainable
Over the years, we progressively enriched and refined the setting of our accounting and planning activities. At the basis of our five-year planning process, there has always been the collection of business Key Performance Indicators underlying the Group’s economic objectives – an activity made at Business Unit level for every single fiscal year covered by the Plan.
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Business Plan 2019-2023
Hera on stock exchange
With the new Plan, Hera strengthens its equity story and broadens the spectrum of target investors
The strong rally of Hera shares took place against a benign backdrop for equity investments, especially favouring the utility sector. The long-lasting scenario of low interest rates has played a key role in paving the way for multiples re-ratings, while geo-political uncertainties were mainly fuelling short-term volatility.
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Business Plan 2019-2023
Looking at the figures
Focus on 2019-2023 plan
In the five-year Plan, clear strategic direction and efficient capital allocation are two factors at the heart of the expected acceleration in EBITDA growth, on a journey that will lead Hera to create even 539 m€ of Shared Value.