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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.