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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.
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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.
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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.
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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.
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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.