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Financial Results Y2024
Message from the executive chairman of the board
Total Shareholder Return at 36% in 2024
In 2024, Hera delivered solid operating performance, with EBITDA growth of 6.2%, which was reflected all the way to the P&L bottom line, with a 32.2% increase in Earnings per Share. An impressive result also from a qualitative point of view, considering the purely structural nature of the activities underlying the progress achieved.
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Financial Results Y2024
Looking at the figures
Focus on FY 2024 results
FY 2024 results confirm Hera’s ability to improve its EBITDA (+6.2%) consistently despite the normalisation of energy prices, which drove a 16.2% drop in Revenues, and despite the exhaustion of the 110% Ecobonus incentives, which had generated attractive returns from energy efficiency activities in 2023. All the KPIs of the Income Statement show significant increases compared to 2023.
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Financial Results Y2024
Hera on stock exchange
Price close to all-time highs, but still room for growth
Investors have welcomed the Plan that Hera’s management presented on 23 January 2025. Since then, shares started a rally that led the price to approach 4 euro – a level representing a five-year high. The wide overperformance achieved vs. the index of Italian utilities shows that the Company-specific component was a fundamental driver in nurturing the rise.
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Financial Results Y2024
Stories
Hera creates value through a visionary and intensive use of technology
Artificial Intelligence, Machine Learning and new technology applications provide Hera’s operations with visible benefits, as a clear strategic design stands behind their adoption. More technology, then, to offer better services to customers, to enhance the resilience of assets, and, not least, to optimise the financial returns of the huge investments that Hera has planned to fuel growth in the right direction.
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Business Plan 2024-2028
Message from the executive chairman of the board
Value creation hinges on a solid strategy
The 2024-2028 Business Plan reaffirms significant features of the previous one, especially in its strategic design. Hera intends to remain consistent with a business model and management approach proven to ensure continuity of growth while maintaining a low risk profile, even under very challenging external scenarios.
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Business Plan 2024-2028
Looking at the figures
Focus on the targets of the 2024-2028 Business Plan
The new Business Plan, which drives Hera’s roadmap to 2028, has all the features of a high visibility and low-risk growth plan. As much as 2.4 billion of the 4.6 billion in investments cumulatively planned over the five-year period are development investments – out of which 2.1 billion as operating capex and about 300 million for M&A. In addition, there are 500-million-euro investments funded through non-repayable grants.
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Business Plan 2024-2028
Hera on stock exchange
Both preliminary 2024 results and the new Plan strengthen Hera stock’s prospects
Hera continues to show robust performance against benchmark indices, even though the prospects for M&A in the banking sector have fueled a conspicuous recovery of the FTSE MIB in recent weeks. Moreover, the outperformance of the stock compared to the Italian utility sector index remains very strong. In the meantime, today the picture is enriched by new features, which will encourage a reconsideration on the valuation of Hera stock.
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Business Plan 2024-2028
Stories
Hera consolidates 100% of AIMAG
The 100 million EBITDA from M&A included in the new Plan is already very visible for over three quarters. On the same day in which the Board of Directors approves the new Business Plan, Hera announces to the market the signing of the acquisition of an additional stake in the capital of AIMAG, multiutility based in the province of Modena.