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Business Plan 2024-2028


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Business Plan 2024-2028

Asset Publisher

23/01/2025

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.

23/01/2025

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.

23/01/2025

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.

23/01/2025

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.

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Hera SpA, Viale Carlo Berti Pichat 2/4, 40127 Bologna, Tel.051287111 www.gruppohera.it