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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.
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Financial Results 3Q 2019
Stories
Hera’s approach to the circular smart city
One of the megatrends that feature the evolution of our society is the concentration of global population in the cities. Increasing urbanization requires deep rethinking of the services that the utilities provide.
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Financial Results 3Q 2019
Hera on stock exchange
Hera’s stock outperforms the benchmark indices
In a context of bullish stock markets, Hera can boast a number of Company-specific drivers. During 2019, Hera’s stock rose following a continuing upwards path. It over-performed both the FTSE MIB and the FTSE Italy All-share Utility Index, despite both indices had a significantly positive rally since the start of the year.
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Financial Results 3Q 2019
Looking at the figures
Focus on nine-month 2019 results
9M 2019 results speed up the growth of key indicators of the P&L. Hera is swiftly proceeding along the route designed in the Business Plan to 2022. Progress so far is of mostly organic nature. The benefits of the significant M&A deal with Ascopiave will be effective only beginning 2020, when the process can be completed following the Antitrust approval.
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Financial Results 3Q 2019
Message from the executive chairman of the board
Double-digit rise in net profit
Two factors characterise our nine-month 2019 results, i.e. net profit that grows in the double-digits and KPIs that accelerate quarter after quarter. Such features confirm that our efforts to put into play a set of proactive initiatives and their successful execution allowed Hera to counter factors that could have conditioned its growth rate, such as the expected margin decline in last-resort businesses.
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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.
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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.
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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.
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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.