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Financial Results 1H 2019
Stories
Sustainability at the heart of financing transactions
Recently, Hera has successfully placed a 500 million euro green bond with 8-year maturity, at the same time repurchasing 210.60 million euro of issued bonds with shorter maturity and higher coupons. An operation with a positive impact on the Company’s financial profile, confirming how strategic Hera approach to sustainability really is.
Financial Results 1H 2019
Hera on stock exchange
Hera’s success is also reflected in the stock market, with a total return of 30% provided to shareholders
In this first part of the year, Hera’s share price rose sharply, peaking at 3.55 euro on 18 July 2019. The rally, which took place amid a bullish market outlook, also reveals some Company-specific drivers.
Financial Results 1H 2019
Looking at the figures
Focus on the development of the sales partnership with Ascopiave
On 17 June 2019, the Boards of Directors of Hera and Ascopiave signed a binding Term Sheet intended to develop a major operator in energy sales in the areas of North-East Italy. This formal step took place at the end of a competitive process launched by Ascopiave with the aim of making the most of the sales segment of its business portfolio, by involving the major utilities in the Country.
Financial Results 1H 2019
Message from the executive chairman of the board
Hera steps up the pace – Plan’s target to 2022 now closer
The results that depict Hera’s situation as of 30 June 2019 show that our growth continues, with no interruption, leveraging on a business model that reacts to challenges that may arise from the external environment, seizes new opportunities, and generates cash flow in linear way.
Financial Results 1Q 2019
Stories
10 years of “Hera INSIEME”, or “Hera TOGETHER”
Ten years ago, in 2009, “Hera INSIEME” was born. It represented the community dedicated to the citizens served by the Group, who could enjoy several offers reserved for them, collect significant discounts in local stores and participate to exclusive events. A concrete initiative, aimed at maintaining social cohesion in the local community in a period of deep crisis.
Financial Results 1Q 2019
Hera on stock exchange
Hera’s Shareholders Meeting reflects the continuous evolution of the Company and its shareholders
On 30 April 2019, Hera held the first Shareholders Meeting after the inclusion of its shares in the FTSE MIB index, on 18 March 2019. The level of participation and the quality of the speeches reveal the ongoing changes inside the Company and the expectations of its shareholders.
Financial Results 1Q 2019
Looking at the figures
Focus on Q1 2019 results
Results achieved in Q1 2019 prove Hera continuing growth, while showing a performance on track with the Business Plan. Consolidated EBITDA grows by 2.5%, benefitting above all from the positive contribution of regulated businesses, where the tariff systems remunerates the efficiency and quality of Hera’s operational effort.
Financial Results 1Q 2019
Message from the executive chairman of the board
A wide range of initiatives to execute the strategy
Following strong performance in 2018, also the first quarter of 2019 shows growing KPIs in the P&L, which leverage on the contribution of all main business areas. Moreover, since these results only partially reflect the activities already launched in 2018 and those coming from new projects, the visibility of the 200 mn€ EBITDA target indicated in the Business Plan to 2022 is even stronger.
Financial Results Y2018
Looking at the figures
Focus on FY2018 results
Results achieved in 2018 prove, once again, the effectiveness of Group strategic choices over time. A well-balanced portfolio of regulated and liberalised activities, along with the choice to bring forward some circular economy and sustainability initiatives, provided for FY 2018 additional growth, additional financial strength and increased resiliency in various businesses.
Financial Results Y2018
Stories
Hera is Top Employer in Italy for the tenth time
Last January, the Top Employers Institute awarded Hera with the tenth certification in a row as one of the best companies in Italy for application of best practices focused on the development and well-being of its people. An award of Certified Excellence in Employee Conditions.
Financial Results Y2018
Hera on stock exchange
Hera enters the FTSE MIB index. A fresh chapter of our story on the stock exchange begins
On 18 March 2019, Hera shares have been included into the FTSE MIB, the index made up of the 40 blue chips of Borsa Italiana, the Italian Equity Market. With this entry, Hera achieves a goal that has long guided the efforts of the Company’s Investor Relations.
Financial Results Y2018
Message from the executive chairman of the board
On the back of healthy 2018 results, Hera provides attractive remuneration o shareholders
In 2018 Hera achieved important results. The set of indicators presented in the Annual Report proves the achievement of increasingly higher levels of financial strength and profitability, even when compared to virtuous historical financials; a situation that indicates further capacity to grow.
Business Plan 2018-2022
Stories
Hera’s business plan envisages growth that is increasingly moving towards a regen-erative approach, designed to maximize the creation of shared value
In 2016, we added the Shared Value Creation perspective to our approach to Corporate Social Responsibility. This allowed us to directly quantify and represent how the activities of the Group contribute to operating margins and, at the same time, meet the guidelines provided by the United Nations and included in drivers of the Global Agenda.
Business Plan 2018-2022
Hera on stock exchange
New features of the Plan to 2022 strengthen Hera’s equity story
Despite the remarkable recovery achieved from 10 December 2018 onwards, Hera stock continues to trade at a discount compared to the consensus target price of broker coverage, presently at 3.28 euro. Most analyst ratings indicate buying suggestions, with only one neutral rating and no selling recommendation.
Business Plan 2018-2022
Looking at the figures
Focus on the 2018-2022 Plan’s targets
In the new plan, which will lead Hera towards 2022, we have chosen to evolve our business in order to improve the quality and reliability of the services we offer, believing that our economic and commercial success will depend on how we address that challenge.
Business Plan 2018-2022
Message from the executive chairman of the board
2018-2022 Business Plan underpinning Hera’s investment case
The new Business Plan for the 2018-2022 period starts with a convincing performance already in its first year; our forecast for 2018 EBITDA is 1,020 m€, a growth of 35 €m compared to 2017. Over the last two years, Hera has therefore achieved an EBITDA increase exceeding by 16 m€ that included in the rolling Plan to 2021. Actually, we fully delivered the target of cumulated growth of 210 m€ that we had announced in 2013 for the following five-year period.
Financial Results 3Q 2018
Stories
Circular economy – Hera launches two projects that open up new frontiers
In recent weeks, Hera launched the PUNTO.net pilot project, in the Municipality of Castel Bolognese, with the aim of implementing the philosophy of the Circular & Smart City. Moreover, the Company inaugurated the first Biomethane plant, in Sant’Agata, a city in the outskirts of Bologna.
Hera continue to strengthen its reputation in the eyes of investors
Hera on stock exchange
Hera continue to strengthen its reputation in the eyes of investors
Hera trades at a huge discount to the average target price of the brokers that cover the stock, which is 3.32 euro; a value that remained substantially unchanged compared to that of 28 July 2018, date of release of half-year results, when the consensus target price was 3.34 euro. The overwhelming majority of analysts rating consists of buying recommendations, with only one neutral rating and zero selling suggestion.
Financial Results 3Q 2018
Looking at the figures
Focus on 9M 2018 results
Hera’s 9-month results show healthy operating performance, with an improvement in all the main businesses, as a result of actions taken over time to expand and consolidate presence in liberalised businesses and investments carried out to run regulated businesses efficiently.
Financial Results 3Q 2018
Message from the executive chairman of the board
Nine-month results indicate increasingly strong fundamentals
Earnings as at 30 September 2018 show a stronger growth than that already achieved in the First-Half Report. Even though Q3 has a lower weight compared to other quarters on full-year earnings, due to the seasonality of the gas business, results released today clearly prove the effectiveness of Hera’s business model and its capability to execute the Business Plan.