Hera achieved a 17% growth in EBITDA for the first 9 months of 2008, driven by tariff increases in water and waste businesses and growth in energy activities. Revenue increased 31% including contributions from recent acquisitions. EBITDA margins were maintained at 13.5% despite higher trading activities. Capital expenditures were in line with plans for new waste, gas, and electricity plants. The financial structure with 90% fixed debt rates supports continued investment in growth.