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Financial Results 3Q 2022
Message from the executive chairman of the board
Investments continue, as Hera can leverage a growing EBITDA
The sharp increase in the price of energy commodities experienced in the third quarter of 2022 and the WACC cut made by the Regulator starting from January did not prevent Hera from achieving growth at the consolidated EBITDA level in the first nine months of 2022. A policy of well-balanced diversification of the businesses in the portfolio and careful management of the risk profile enabled Hera to achieve sound operating performance even in an unfavourable scenario
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Financial Results 3Q 2022
Looking at the figures
Focus on nine-month 2022 results
The Hera Group’s continuous EBITDA growth path was not interrupted even by the very challenging external environment experienced in the first nine months of the current financial year. EBITDA progressed by 20.4m€ (+2.4%), with the regulated businesses leveraging the service quality to offset the cut in regulated returns while the liberalised businesses were benefiting from careful management policies.
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Financial Results 3Q 2022
Hera on stock exchange
Hera confirms its solid fundamentals despite the uncertainties in the context
Despite the rebound that started in the second decade of October, equity markets are still currently bearish, while showing significant losses compared to their levels at the beginning of the year. The general picture remains dominated by deep geopolitical tensions, a particularly severe energy crisis in Europe – where a coordinated reaction among the various EU countries has been lacking – and restrictive monetary policies which, although aimed at slowing inflation, make the profile of economic growth uncertain.
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Financial Results 3Q 2022
Stories
An effective recruitment campaign to accelerate the energy transition
With the aim of addressing the challenge of the energy transition, Hera is looking for new skills through the recruitment of 300 resources that will be cultivated in a productive and stimulating workplace. The process of selection and onboarding of these new resources that will be dedicated to the energy transition stands out for its innovative approach.
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Financial Results 1H 2022
Message from the executive chairman of the board
Growth continues, leveraging on a controlled risk profile
Half-year results confirm that Hera has a well-balanced asset portfolio and a clear long-term strategy. These elements allow the Group to navigate through a challenging scenario, such as the current one, without halting growth while confirming solidity. Another evidence that emerges as Hera’s strength is the controlled risk profile in operational and financial management.
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Financial Results 1H 2022
Looking at the figures
Focus on H1 2022 results
In the challenging operating environment of first-half 2022, once again Hera proved that its business model can deliver continuous EBITDA growth. The 3.3% progress in the half-year EBITDA was achieved by leveraging a careful search for the best opportunities within each business area and maintaining a low risk profile in managing each of them. In this way, valuable results were delivered in all businesses.
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Financial Results 1H 2022
Hera on stock exchange
Current market status also affects the performance of Hera’s shares
Equity markets suffered heavy losses in the first half of this year, against a backdrop of geopolitical tensions, tightening monetary policies aimed to fight inflation, and deep uncertainty on the evolution of the real economy. The performance of Hera’s shares could not remain immune to such daunting picture for equity investment, despite the Group’s resilient business model has proven to ensure solid fundamentals over the years, with continuous and sustainable growth over time.
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Financial Results 1H 2022
Stories
Hera’s ESG identity is fully integrated in the long-term strategy
For the second year in a row, Hera took first place in the ETicaNews ranking, which assesses the degree of integration of ESG policies of the top 100 Italian listed companies, with the aim of constructing the Integrated Governance Index (IGI). Effectively and according to objective criteria, the IGI expresses the position of a company in ten key sustainability aspects that remain stable in the various editions and in an extraordinary area of investigation, which for 2022 was that of ESG Identity extended to the supply chain.