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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.