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Business Plan 2019-2023

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Business Plan 2019-2023

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10/01/2020

Message from the Executive Chairman of the Board

In the new Plan, the growth profile is more visible and dynamic, with lower risks and more sustainability

Within the frame of a scenario that looks challenging but provides plenty of opportunities, Hera sets its 2023 targets, leveraging on the Group strength that the healthy 2019 forecast results once again confirm. All indicators are on the rise compared to the previous Plan, with five-year cumulated dividends increasing by 20%.

10/01/2020

Looking at the figures

Focus on 2019-2023 plan

In the five-year Plan, clear strategic direction and efficient capital allocation are two factors at the heart of the expected acceleration in EBITDA growth, on a journey that will lead Hera to create even 539 m€ of Shared Value.

10/01/2020

Hera on stock exchange

With the new Plan, Hera strengthens its equity story and broadens the spectrum of target investors

The strong rally of Hera shares took place against a benign backdrop for equity investments, especially favouring the utility sector. The long-lasting scenario of low interest rates has played a key role in paving the way for multiples re-ratings, while geo-political uncertainties were mainly fuelling short-term volatility.

10/01/2020

Stories

Looking beyond the Plan, to become increasingly sustainable

Over the years, we progressively enriched and refined the setting of our accounting and planning activities. At the basis of our five-year planning process, there has always been the collection of business Key Performance Indicators underlying the Group’s economic objectives – an activity made at Business Unit level for every single fiscal year covered by the Plan.