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Financial Results 3Q 2018
Stories
Circular economy – Hera launches two projects that open up new frontiers
In recent weeks, Hera launched the PUNTO.net pilot project, in the Municipality of Castel Bolognese, with the aim of implementing the philosophy of the Circular & Smart City. Moreover, the Company inaugurated the first Biomethane plant, in Sant’Agata, a city in the outskirts of Bologna.
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Hera continue to strengthen its reputation in the eyes of investors
Hera on stock exchange
Hera continue to strengthen its reputation in the eyes of investors
Hera trades at a huge discount to the average target price of the brokers that cover the stock, which is 3.32 euro; a value that remained substantially unchanged compared to that of 28 July 2018, date of release of half-year results, when the consensus target price was 3.34 euro. The overwhelming majority of analysts rating consists of buying recommendations, with only one neutral rating and zero selling suggestion.
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Financial Results 3Q 2018
Looking at the figures
Focus on 9M 2018 results
Hera’s 9-month results show healthy operating performance, with an improvement in all the main businesses, as a result of actions taken over time to expand and consolidate presence in liberalised businesses and investments carried out to run regulated businesses efficiently.
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Financial Results 3Q 2018
Message from the executive chairman of the board
Nine-month results indicate increasingly strong fundamentals
Earnings as at 30 September 2018 show a stronger growth than that already achieved in the First-Half Report. Even though Q3 has a lower weight compared to other quarters on full-year earnings, due to the seasonality of the gas business, results released today clearly prove the effectiveness of Hera’s business model and its capability to execute the Business Plan.
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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.
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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).
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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€.
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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.