InvestorNews - Articles Archive
Search
-
Financial Results H1 2023
Message from the executive chairman of the board
EBITDA on acceleration, with debt down and risk profile under control
In the second quarter of 2023, Hera gave fresh impetus to the growth already achieved in the first quarter, with first-half EBITDA showing an overall progress of 13.8%. This result reflects the positive contribution of all business areas, while also having a significant sustainable connotation, given the continued development of the Decarbonisation activities.
-
Financial Results H1 2023
Looking at the figures
Focus on H12023 results
Despite the 6.7% reduction in Revenues, reflecting the pullback of energy commodity prices from past peaks, Hera achieved significant growth in the first half of 2023, with double-digit growth rates in EBITDA and EBIT. Not only did all major P&L balances show improvement compared to H1 2022, but also all strategic business areas made a positive contribution to the 13.8% growth in consolidated EBITDA.
-
Financial Results H1 2023
Hera on stock exchange
Hera posts a Total Shareholder Return of around 15% since the beginning of the year
While the major European stock markets are at their highs since the beginning of the year, Hera’s share price still has significant room for appreciation, as reflected by the large discount to the average target price of 3.4 euro of the analyst coverage.
-
Financial Results H1 2023
Stories
Expanding customer base and 1 bn€ energy transition projects
Hera has a very straightforward plan to ride the long wave of demand for more efficient and sustainable energy consumption. In the coming years, Hera will continue to play a proactive role in the energy transition process, not only through responsible management of operations, but also by encouraging more sustainable consumption by its customers.
-
Financial Results Q1 2023
Hera on stock exchange
Evidence on falling debt can bring new boost to the value of Hera shares
In a stock market seeking direction, due to uncertainties about when central banks will end their tightening monetary policies, a bullish movement of Hera stock started in recent weeks. Fuelling the rally, in addition to the healthy FY 2022 results, is the stock’s defensive profile, appreciated by portfolio managers in this de-risking phase, after the difficulties of several banking institutions emerged.
-
Financial Results Q1 2023
Message from the executive chairman of the board
In Q1, growth goes together with a significant deleveraging
Hera opens 2023 with reassuring results from the first quarter, not just for the entity but also for the quality of the progress achieved. All typical drivers contributed to the 9.4% increase in EBITDA: organic growth, mainly supported by the expansion of the customer base in the Energy areas and the strong competitive positioning in Waste, as well as activities that promote the circular economy and M&A.
-
Financial Results Q1 2023
Looking at the figures
Focus on Q12023 results
Hera starts 2023 on a growth path. All KPIs are up compared to the first quarter of 2022, while Net Financial Debt decreases by €472.2 m, thus taking the Debt-to-EBITDA ratio down to 2.84x. The Energy and Waste areas, which outperformed the Group average growth, have driven the 9.4% increase in EBITDA.
-
Financial Results Q1 2023
Stories
Significant resolutions at Hera’s 2023 Shareholders Meeting
Anew BoD, full of new profiles, but in the wake of solid continuity. The AGM held on 27 April was a major event. Hera was one of the few Italian listed companies that again allowed its shareholders to be physically present at “Spazio Hera”, where the Meeting took place, even though this year, following the measures to avoid the pandemic, it was still possible to adopt a virtual format, with the vote expressed exclusively by proxy.