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Financial Results H1 2023

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Financial Results H1 2023

Asset Publisher

26/07/2023

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.

26/07/2023

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.

26/07/2023

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.

26/07/2023

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.