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Financial Results 1H 2018
Stories
Hera bases its annual strategic review on a sound planning process
Hera has always reached – often outperforming them – its Business Plan targets. An accurate and structured planning process is the foundation of long-term credibility and sustainability in Hera strategy.
Financial Results 1H 2018
Hera on stock exchange
Within an uncertain framework, Hera stock ensures a visible yield, leveraging on solid fundamentals
During 2018, Hera stock performance has shown high correlation with the dynamics of the sector index, reflecting an uncertain scenario, both for interest rates (due to easing policies of Central Banks coming to an end) and for GDP growth (due to the possible impacts of US protectionism).
Financial Results 1H 2018
Looking at the figures
Focus on H1 2018 results
Three factors have mainly driven the increase of 212.7 mn€ in Group Revenues (+7.7% vs. H1 2017): i) increased Trading (57 mn€), ii) higher sales of gas and electricity (120 mn€) that reflect higher volumes sold, iii) system charges and volumes distributed growing by 52 mn€.
Financial Results 1H 2018
Message from the executive chairman of the board
Earnings acceleration strengthens visibility of 2018 DPS
At the end-June halfway point Hera presents sound results both in terms of quality and size of growth achieved. In addition to a 3.5% EBITDA increase, the Company shows a 12.1% rise in net profit. A performance proving that Hera can translate healthy operating results in even higher increases at bottom line, through the contribution of declining financial expenses in the financial area and lower tax rate in the fiscal management field.
Financial Results 1Q 2018
Stories
Hera’s water business among the worldwide excellence companies
During the 2018 Global Water Summit that took place in Paris on 18 April 2018, Hera was admitted within the 28 Leading Utilities of the World, a network that brings together the planet’s most innovative and successful companies in the water and wastewater sector. Within such framework, the utility companies share knowledge and projects, in addition to creating opportunities for collaboration.
Financial Results 1Q 2018
Hera on stock exchange
In a less uncertain scenario for interest rates, Hera’s stock is again discounting good fundamentals
In early 2018, the uncertainty on the evolution of European interest rates affected the Hera’s stock as well as the entire utility sector. While the signs of a decelerating economic growth became increasingly evident and the concerns of high inflation dissolved, the sentiment in the equity markets improved.
Financial Results 1Q 2018
Looking at the figures
Focus on Q1 2018 results
The 163.5 mn€ increase in Group Revenues (+10.4%) benefits from the net contribution of 23.5 mn€ from the perimeter changes, mainly due to the 80% holdings in in Aliplast (+26.3 mn€), Italian leader in plastics recycling, and to the exit of Medea (-3.7 mn€), which was sold to Italgas in December 2017.
Financial Results 1Q 2018
Message from the executive chairman of the board
First-quarter growth makes the targets of the Plan to 2021 even more visible
The set of results achieved in Q1 2018 in itself is compelling, with EBITDA growth exceeding 5% and net profit following an even more dynamic trend, at a rate close to 10%, around double the rate of EBITDA. Strong cash flow generation allowed for further decrease in net debt, which at 31 March 2018 was 2.5x the EBITDA: a level providing us with significant flexibility for the future.
Financial Results Y2017
Stories
The value of people, one of Hera’s key assets
At Hera, our mission is to enhance the value of our employees through well-defined procedures for participation and involvement. This approach has been fundamental in the past in supporting the Group’s creation, and today it is essential to the achievement of the efficiency required to a Company that aims to be competitive in all respects.
Financial Results Y2017
Hera on stock exchange
Growth and cash generation: a winning combination for investors
The year of 2018 opened with the presentation of the new Business Plan, which projects the Company’s objectives through 2021. Since 10 January, we have been involved in a wide-ranging roadshow, which has taken us to 12 different financial centres in Europe and the United States, where we have met with institutional investors to present a comprehensive outline of Hera’s commitments and prospects for the coming years.
Financial Results Y2017
Looking at the figures
Focus on FY2017 results
The FY2017 results reflect a consistent growth strategy over the years, with an execution that sticks to the Business Plan. Those results prove the effectiveness of our business model, which leveraged on efficiency, innovation, agility and excellence in achieving organic growth.
Financial Results Y2017
Message from the executive chairman of the board
In 2017, Hera achieved a healthy set of results and provided shareholders with a return exceeding 36%
Based on the figures in the 2017 Annual Report, we can make a few general considerations about Hera’s growth trajectory over these 15 years of its history. Our operating performance is effectively represented by EBITDA, which has quintupled with respect to 2002, climbing to 985 million euro.
Business Plan 2017-2021
Stories
Key strategic issues: The story told by the people working for Hera
Laura is a 34-year-old employee working in the team based in the Forlì remote control room. Her story facilitates a better understanding of the way in which Hera manages its businesses, leveraging on a range of intangible assets that have a key-role in guaranteeing future competitiveness and profitability to the Company.
Business Plan 2017-2021
Hera on stock exchange
The Investor Relations Plan to 2021
In a listed company, creating value and failing to communicate it properly to the financial community means that you have not created it, because investors will not have all the elements available to evaluate the Company’s perspectives accurately and the share price will not reflect the fair value.
Business Plan 2017-2021
Looking at the figures
Focus on the targets of the 2017-2021 Plan
The capital allocation that we have planned will generate an increase in the EBITDA of all business areas, with the Networks business absorbing most investments and being the largest contributor in terms of EBITDA (+129 million euro). In 2021, we expect to maintain a well-balanced breakdown between regulated and liberalised businesses.
Business Plan 2017-2021
Message from the executive chairman of the board
In the 2017-2021 period, Hera aims to grow, leveraging on substantial changes in the operational and regulatory framework
The forecasts for 2017 – the first year in the new Plan – indicate that Hera starts from a virtuous position. An EBITDA estimate around 980 million euro, 63 million higher than the 2016 figure, confirms that in the last two fiscal years we have achieved a performance that was 18 million euro above the average annual growth planned, mostly leveraging on the organic component.