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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.