Hera reported positive first quarter 2010 results, with EBITDA growing 11.1% to €185.1 million driven by organic growth. Capex decreased while revenues increased in most business lines, with special waste volumes up 13%. Financial debt remained substantially stable at €1.9 billion due to cash generation offsetting reduced capex. Hera's strategy of market expansion and portfolio diversification is yielding increased profits and cash flow.
Hera achieved positive results in the first half of 2010, with EBITDA up 15.6% and net profit up 33.8% compared to the first half of 2009. All business lines contributed positively, with waste and gas posting the largest earnings growth. Capex was reduced by 16.5% while maintaining a positive cash flow. Volume increases across business lines, cost efficiencies, and the contribution of new assets supported the improved performance.
Hera Group reported strong Q1 2011 results that outperformed previous records. EBITDA grew 21% compared to Q1 2010, driven by outstanding performance in energy activities from commercial development and procurement. M&A also contributed to growth. Positive results across all business areas led to higher profits and cash flows that reduced net debt and strengthened financial ratios.
Hera achieved positive growth in the first half of 2009 despite economic slowdown. Net profit increased by double digits compared to the first half of 2008, driven by expansion in electricity sales and trading. Regulated activities in water and waste, along with contributions from new waste-to-energy plants, offset declines in customer consumption. Capex was on schedule with investments focused on waste plant development and the new Imola cogeneration unit. While debt increased due to dividends, acquisitions, and working capital needs, net financial position improved in July due to working capital enhancements.
The document summarizes the interim results of Hera Group for the first 9 months of 2010. Key points include:
- Net profit increased 62.6% to 79.1 million euros, driven by organic growth across all business lines.
- EBITDA grew 10.6% to 431.4 million euros, with positive contributions from gas, electricity, water, and waste businesses.
- Capex was reduced by 40 million euros. Free cash flow was positive in Q3 and for the first 9 months.
- Results were in line with business plan and show strong profit growth, even on an adjusted basis which excludes one-time items.
Hera's first quarter 2008 results show continued strong growth, with revenues increasing 33.8% and EBITDA growing 14.7% compared to the first quarter of 2007. This growth was driven by normalized winter weather conditions, M&A activity, and organic growth from tariff increases and successful electricity cross-selling. Capex was in line with expectations, focused on new waste plants and water infrastructure. Net financial debt increased moderately due to seasonal factors. Overall, Hera maintained its track record of double-digit EBITDA growth in the first quarter.
Most ambitious SBTi targets Q12021 Financial results
- Hera achieved the most ambitious Science Based Targets initiative (SBTi) emissions reduction targets among Italian multi-utilities, committing to reduce Scope 1, 2 and 3 emissions by 36.7% by 2030.
- Hera's Q1 2021 financial results showed growth compared to Q1 2020, with a 3.7% increase in EBITDA to €362 million and a 6.3% rise in net profit to €132 million.
- Cash flow generation remained strong in Q1 2021, allowing for further business expansion.
Analyst presentation: 2013-2017 business planHera Group
Hera Group presents a business plan update for 2017 that incorporates recent developments and outlines strategies across its network, waste, and energy businesses. Key points include:
1) EBITDA is forecasted to grow from 662 million euros in 2012 to 951 million euros in 2017 through organic growth, M&A synergies, gas tenders, and portfolio reshuffling.
2) Capex of 1.9 billion euros will be invested to sustain low-risk growth and efficiency gains, focusing on regulated network assets.
3) The strategy emphasizes efficiency, expanding downstream markets, value-adding M&A, and adapting to regulatory changes while executing the current M&A pipeline.
4) Financial
The document summarizes the financial results of Gruppo Hera for the first 9 months of 2018. Key highlights include:
- Revenues increased 7.2% to €4.7 billion, with EBITDA up 3.3% to €748.6 million.
- Growth was balanced across all main business areas, with a particular increase in the energy segment from expansion in retail and wholesale.
- EPS grew 14.3% to 14.2 cents, with ROE at 10.2%. Free cash flow was negative due to seasonal effects on working capital.
- Results were in line with expectations, with 42% of the 5-year EBITDA growth target already achieved after the first 35
Hera achieved positive results in the first half of 2010, with EBITDA up 15.6% and net profit up 33.8% compared to the first half of 2009. All business lines contributed positively, with waste and gas posting the largest earnings growth. Capex was reduced by 16.5% while maintaining a positive cash flow. Volume increases across business lines, cost efficiencies, and the contribution of new assets supported the improved performance.
Hera Group reported strong Q1 2011 results that outperformed previous records. EBITDA grew 21% compared to Q1 2010, driven by outstanding performance in energy activities from commercial development and procurement. M&A also contributed to growth. Positive results across all business areas led to higher profits and cash flows that reduced net debt and strengthened financial ratios.
Hera achieved positive growth in the first half of 2009 despite economic slowdown. Net profit increased by double digits compared to the first half of 2008, driven by expansion in electricity sales and trading. Regulated activities in water and waste, along with contributions from new waste-to-energy plants, offset declines in customer consumption. Capex was on schedule with investments focused on waste plant development and the new Imola cogeneration unit. While debt increased due to dividends, acquisitions, and working capital needs, net financial position improved in July due to working capital enhancements.
The document summarizes the interim results of Hera Group for the first 9 months of 2010. Key points include:
- Net profit increased 62.6% to 79.1 million euros, driven by organic growth across all business lines.
- EBITDA grew 10.6% to 431.4 million euros, with positive contributions from gas, electricity, water, and waste businesses.
- Capex was reduced by 40 million euros. Free cash flow was positive in Q3 and for the first 9 months.
- Results were in line with business plan and show strong profit growth, even on an adjusted basis which excludes one-time items.
Hera's first quarter 2008 results show continued strong growth, with revenues increasing 33.8% and EBITDA growing 14.7% compared to the first quarter of 2007. This growth was driven by normalized winter weather conditions, M&A activity, and organic growth from tariff increases and successful electricity cross-selling. Capex was in line with expectations, focused on new waste plants and water infrastructure. Net financial debt increased moderately due to seasonal factors. Overall, Hera maintained its track record of double-digit EBITDA growth in the first quarter.
Most ambitious SBTi targets Q12021 Financial results
- Hera achieved the most ambitious Science Based Targets initiative (SBTi) emissions reduction targets among Italian multi-utilities, committing to reduce Scope 1, 2 and 3 emissions by 36.7% by 2030.
- Hera's Q1 2021 financial results showed growth compared to Q1 2020, with a 3.7% increase in EBITDA to €362 million and a 6.3% rise in net profit to €132 million.
- Cash flow generation remained strong in Q1 2021, allowing for further business expansion.
Analyst presentation: 2013-2017 business planHera Group
Hera Group presents a business plan update for 2017 that incorporates recent developments and outlines strategies across its network, waste, and energy businesses. Key points include:
1) EBITDA is forecasted to grow from 662 million euros in 2012 to 951 million euros in 2017 through organic growth, M&A synergies, gas tenders, and portfolio reshuffling.
2) Capex of 1.9 billion euros will be invested to sustain low-risk growth and efficiency gains, focusing on regulated network assets.
3) The strategy emphasizes efficiency, expanding downstream markets, value-adding M&A, and adapting to regulatory changes while executing the current M&A pipeline.
4) Financial
The document summarizes the financial results of Gruppo Hera for the first 9 months of 2018. Key highlights include:
- Revenues increased 7.2% to €4.7 billion, with EBITDA up 3.3% to €748.6 million.
- Growth was balanced across all main business areas, with a particular increase in the energy segment from expansion in retail and wholesale.
- EPS grew 14.3% to 14.2 cents, with ROE at 10.2%. Free cash flow was negative due to seasonal effects on working capital.
- Results were in line with expectations, with 42% of the 5-year EBITDA growth target already achieved after the first 35
Analyst presentation H1 2011 Hera Group resultsHera Group
The document summarizes Hera Group's H1 2011 results. Key points include:
- Revenues, EBITDA, EBIT, and net profit all increased between 9.7-14.1% compared to H1 2010, driven by growth in all business areas.
- Acquisitions included a 50% joint venture in Enomondo and purchase of Sadori Gas.
- Positive free cash flow of €195.2 million allowed funding of capex, working capital increases, and acquisitions.
- Financial debt remained stable at €1.971 billion compared to H1 2010 levels.
- All business areas, including waste, water, gas, and electricity contributed to increased
The document provides an overview of Hera Group's 2018 financial results and achievements. Some key highlights include:
- EBITDA grew 4.7% to €1.031 billion due to organic growth across all core businesses.
- Net profit increased 12.1% to €282 million while net debt to EBITDA ratio improved.
- A dividend of €0.10 per share was proposed, up 5.3% from the prior year.
- Organic growth was driven by efficiency initiatives, development capex, and positive waste price trends. Market expansion also supported energy business results.
- The balanced business portfolio and focus on regulated activities underpinned stable performance and value
Analyst Presentation Business Plan 2017-2021Hera Group
This document provides an overview of Hera Group's 4.0 sustainable growth business plan for 2017-2021. Some key points include:
- Forecast 2017 EBITDA of approximately €980 million, exceeding budget and prior plan.
- Strategic plan targets €1.135 billion EBITDA by 2021 through a combination of internal and external growth drivers.
- Internal growth of €138 million will come from efficiencies, gas distribution tenders, and top line growth. External growth of €107 million is targeted through M&A.
- €2.9 billion will be invested in capital projects over the plan period, focusing on organic development opportunities across networks, waste, and energy businesses.
Hera Group 1H Results - Analyst presentationHera Group
Hera Group reported strong financial results for the first half of 2014, with EBITDA growth of 4.4% to €451.9 million compared to the prior year period. Solid commercial expansion in waste and electricity volumes, along with positive performance in regulated network activities, drove organic growth and offset the mild winter impact. Active debt management lowered borrowing costs, contributing to an 8.7% increase in net profit to €98.3 million. Hera is progressing well towards its business plan targets and expects to substantially offset the remaining mild winter effect by year-end.
H1 2019 results presentation for Gruppo Hera. Key points:
- EBITDA increased 4.3% to €545.9M driven by growth across all business segments.
- Net profit increased 5.1% to €166.2M.
- Low debt levels with a debt to EBITDA ratio of 2.55x.
- Organic growth and efficiency measures will continue to drive earnings increases through 2022 business plan execution. M&A and development projects will further support earnings growth.
Analyst presentation: Business Plan to 2023Hera Group
This document provides details on Hera Group's business plan to 2023, outlining key growth targets and strategies. The plan leverages past achievements to deliver further organic growth, pursue M&A opportunities, and increase earnings. Hera aims to grow energy clients to 3.3 million, expand plant capacity, and increase EBITDA by 219 million euros through initiatives across its business segments. The plan also details capital expenditures of 2.86 billion euros and confirms Hera's commitment to sustainable development and dividend growth.
- The document reports the results of Gruppo Hera for the first quarter of 2018. Key highlights include revenues increasing 10.1% and EBITDA growing 5.2% compared to the first quarter of 2017.
- All of Gruppo Hera's strategic business areas showed growth in the first quarter. The waste business saw revenues increase 12.9% and EBITDA grow 3.9%. Water revenues declined 4.3% but EBITDA rose 4.3%.
- Gas revenues were up 19.9% and volumes sold increased 23.7% while electricity revenues grew 2.2% and volumes sold rose 10.6% compared to the first quarter of 2017.
Q1 2019 financial results showed continued growth across Hera Group's businesses. EBITDA increased 2.5% to €330.8 million due to growth in all core activities. Networks saw a 3.4% EBITDA rise from efficiency gains and tariff increases. Waste EBITDA grew 1.2% from the full production of a new bio-methane plant. Energy EBITDA rose 1.3% from market expansion offsetting mild winter effects. The company reiterated its commitment to pursuing growth opportunities and maintaining a sound balance sheet.
H1 2020 financial results showed solid resilience during the COVID-19 lockdown period. EBITDA increased 2.5% to €559.7 million driven by organic growth and M&A activity, despite negatives from warm winter weather and COVID-19 impacts. Good cash generation reduced net debt to EBITDA ratio to 2.35x. All business lines showed growth with the energy business performing well on EstEnergy integration and increasing customer base.
Gruppo Hera reported strong growth in its financial results for the first 9 months of 2021. EBITDA increased 9.6% to €883 million, driven by growth across all business segments. Net profit grew 32.3% to €308 million, benefiting from business recovery, organic growth initiatives, and acquisitions. Cash flow remained solid, allowing continued investment in infrastructure expansion. Management expects further growth in 2022 supported by economic recovery trends and its focus on sustainable resource management.
Hera Group reported financial results for Q1 2020. EBITDA increased 5.6% to €349.2 million despite negative impacts from COVID-19, mild winter weather, and tariff reviews. The integration of EstEnergy contributed positively, delivering €27.4 million in EBITDA. Free cash flow was strong at €45 million, supported by EstEnergy. Networks showed resilience during COVID-19. Waste benefited from new plant capacity. Energy supply was impacted by COVID-19 and mild winter weather but saw organic growth of customers. Financial leverage remained sound at 2.44x net debt to EBITDA.
The document summarizes the 9-month financial results of Gruppo Hera. It reports that the company achieved outstanding results for the period, with EBITDA growth of 8.9% driven by organic growth, synergies from acquisitions, and market expansion offsetting the impact of mild winter weather. Net profit grew 31.1% despite the winter impact, with all business divisions contributing positively to results.
The document summarizes the financial results of 9M 2020. Key points include:
- EBITDA increased 2.6% to €806.2 million despite challenges from COVID-19 lockdowns.
- All business lines (networks, waste, energy) showed growth with the exception of networks which was impacted by gas tariff cuts and spin-offs.
- Free cash flow was €259 million and leverage remained stable at 2.5x net debt/EBITDA.
- Growth targets for the 2023 business plan are on track with over 30% of the EBITDA target already achieved after the first three quarters.
Hera Group reported strong financial results for the first half of 2021, with EBITDA increasing 10.4% compared to the same period in 2020. All business lines contributed to growth, led by the energy business with a 16.4% EBITDA rise. Three acquisitions in industrial waste treatment were completed, expanding capabilities and adding over 3,000 new clients. Solid cash generation and financial discipline supported a 30.0% increase in net profit.
Analyst presentation: First quarter 2013 resultsHera Group
Hera Group reported strong growth in key financial figures in Q1 2013 driven by the consolidation of Acegas Aps and organic growth. EBITDA increased 25.3% to €282 million compared to Q1 2012. All business areas saw positive growth, with waste and renewable energy performing well. Net debt was reduced by €74.5 million despite capital expenditures and seasonal working capital needs. Management expects the positive trends to continue in liberalized activities in the remainder of the year.
Hera Group reported Q1 2012 results that were largely in line with Q1 2011 results despite impacts from the Italian recession. EBITDA was slightly higher than in Q1 2011 due to performance in operations offsetting higher taxes. Net profits were affected by some extraordinary negative factors totaling around 12.7 million euros. Capex was in line with Q1 2011 and cash generation fully funded capex and seasonal changes in working capital. Net debt remained stable at 2,006 million euros, in line with the end of 2011.
Hera achieved double digit growth rates in the first half of 2008, with a 22.2% increase in EBITDA. Growth was driven by internal factors such as tariff increases in the water and waste businesses, successful energy trading, and contributions from recent mergers and acquisitions. New plants in electricity generation and waste-to-energy also contributed positively to results. Despite high capital expenditures related to ongoing development projects, Hera generated positive free cash flows in the first half.
The document summarizes the H1 2018 financial results of an unnamed company. Key points include:
- Revenue increased 7.4% and net profit increased 12.1% compared to H1 2017.
- EBITDA grew 3.5% to €523.6 million, driven by growth across all business segments.
- Solid growth was achieved despite operating in a turbulent market environment.
This document summarizes the Gruppo Hera's financial results for year 2017. Some key highlights include:
- EBITDA grew 7.4% to €984.6 million due to growth across all business segments.
- Net profit increased 21.3% to €251.5 million.
- Cash flow from operations increased 35.9% to €709.9 million.
- The company achieved organic EBITDA growth of €57 million through initiatives like mergers and acquisitions.
In the first 9 months of 2009:
- The group's EBITDA grew 11.3% to €390.1 million, mainly driven by regulated activities in the energy sector which accounted for 80% of organic growth.
- New waste-to-energy plants in Modena, Ferrara, and Forlì began contributing to results in Q3 and increased total waste treated.
- Revenue increased 19.9% to €3.121 billion, with higher energy sales and commodity prices the main contributors.
- Excluding one-time "fiscal moratoria" charges, net profit was up 18.8% as regulated tariff increases in water and waste offset effects of an
Hera Group achieved positive financial results in 2009 despite the economic slowdown. Revenues grew 13% to over 4 billion euros due to market expansion, tariff increases, and favorable energy prices. Earnings before interest, taxes, depreciation and amortization grew 7.4% to 567 million euros through actions on internal and external growth. The company strengthened its market position through acquisitions and investments totaling nearly 400 million euros. Looking ahead, Hera expects further growth in 2010 from a new gas distribution tariff and signs of recovery in energy consumption.
Analyst presentation H1 2011 Hera Group resultsHera Group
The document summarizes Hera Group's H1 2011 results. Key points include:
- Revenues, EBITDA, EBIT, and net profit all increased between 9.7-14.1% compared to H1 2010, driven by growth in all business areas.
- Acquisitions included a 50% joint venture in Enomondo and purchase of Sadori Gas.
- Positive free cash flow of €195.2 million allowed funding of capex, working capital increases, and acquisitions.
- Financial debt remained stable at €1.971 billion compared to H1 2010 levels.
- All business areas, including waste, water, gas, and electricity contributed to increased
The document provides an overview of Hera Group's 2018 financial results and achievements. Some key highlights include:
- EBITDA grew 4.7% to €1.031 billion due to organic growth across all core businesses.
- Net profit increased 12.1% to €282 million while net debt to EBITDA ratio improved.
- A dividend of €0.10 per share was proposed, up 5.3% from the prior year.
- Organic growth was driven by efficiency initiatives, development capex, and positive waste price trends. Market expansion also supported energy business results.
- The balanced business portfolio and focus on regulated activities underpinned stable performance and value
Analyst Presentation Business Plan 2017-2021Hera Group
This document provides an overview of Hera Group's 4.0 sustainable growth business plan for 2017-2021. Some key points include:
- Forecast 2017 EBITDA of approximately €980 million, exceeding budget and prior plan.
- Strategic plan targets €1.135 billion EBITDA by 2021 through a combination of internal and external growth drivers.
- Internal growth of €138 million will come from efficiencies, gas distribution tenders, and top line growth. External growth of €107 million is targeted through M&A.
- €2.9 billion will be invested in capital projects over the plan period, focusing on organic development opportunities across networks, waste, and energy businesses.
Hera Group 1H Results - Analyst presentationHera Group
Hera Group reported strong financial results for the first half of 2014, with EBITDA growth of 4.4% to €451.9 million compared to the prior year period. Solid commercial expansion in waste and electricity volumes, along with positive performance in regulated network activities, drove organic growth and offset the mild winter impact. Active debt management lowered borrowing costs, contributing to an 8.7% increase in net profit to €98.3 million. Hera is progressing well towards its business plan targets and expects to substantially offset the remaining mild winter effect by year-end.
H1 2019 results presentation for Gruppo Hera. Key points:
- EBITDA increased 4.3% to €545.9M driven by growth across all business segments.
- Net profit increased 5.1% to €166.2M.
- Low debt levels with a debt to EBITDA ratio of 2.55x.
- Organic growth and efficiency measures will continue to drive earnings increases through 2022 business plan execution. M&A and development projects will further support earnings growth.
Analyst presentation: Business Plan to 2023Hera Group
This document provides details on Hera Group's business plan to 2023, outlining key growth targets and strategies. The plan leverages past achievements to deliver further organic growth, pursue M&A opportunities, and increase earnings. Hera aims to grow energy clients to 3.3 million, expand plant capacity, and increase EBITDA by 219 million euros through initiatives across its business segments. The plan also details capital expenditures of 2.86 billion euros and confirms Hera's commitment to sustainable development and dividend growth.
- The document reports the results of Gruppo Hera for the first quarter of 2018. Key highlights include revenues increasing 10.1% and EBITDA growing 5.2% compared to the first quarter of 2017.
- All of Gruppo Hera's strategic business areas showed growth in the first quarter. The waste business saw revenues increase 12.9% and EBITDA grow 3.9%. Water revenues declined 4.3% but EBITDA rose 4.3%.
- Gas revenues were up 19.9% and volumes sold increased 23.7% while electricity revenues grew 2.2% and volumes sold rose 10.6% compared to the first quarter of 2017.
Q1 2019 financial results showed continued growth across Hera Group's businesses. EBITDA increased 2.5% to €330.8 million due to growth in all core activities. Networks saw a 3.4% EBITDA rise from efficiency gains and tariff increases. Waste EBITDA grew 1.2% from the full production of a new bio-methane plant. Energy EBITDA rose 1.3% from market expansion offsetting mild winter effects. The company reiterated its commitment to pursuing growth opportunities and maintaining a sound balance sheet.
H1 2020 financial results showed solid resilience during the COVID-19 lockdown period. EBITDA increased 2.5% to €559.7 million driven by organic growth and M&A activity, despite negatives from warm winter weather and COVID-19 impacts. Good cash generation reduced net debt to EBITDA ratio to 2.35x. All business lines showed growth with the energy business performing well on EstEnergy integration and increasing customer base.
Gruppo Hera reported strong growth in its financial results for the first 9 months of 2021. EBITDA increased 9.6% to €883 million, driven by growth across all business segments. Net profit grew 32.3% to €308 million, benefiting from business recovery, organic growth initiatives, and acquisitions. Cash flow remained solid, allowing continued investment in infrastructure expansion. Management expects further growth in 2022 supported by economic recovery trends and its focus on sustainable resource management.
Hera Group reported financial results for Q1 2020. EBITDA increased 5.6% to €349.2 million despite negative impacts from COVID-19, mild winter weather, and tariff reviews. The integration of EstEnergy contributed positively, delivering €27.4 million in EBITDA. Free cash flow was strong at €45 million, supported by EstEnergy. Networks showed resilience during COVID-19. Waste benefited from new plant capacity. Energy supply was impacted by COVID-19 and mild winter weather but saw organic growth of customers. Financial leverage remained sound at 2.44x net debt to EBITDA.
The document summarizes the 9-month financial results of Gruppo Hera. It reports that the company achieved outstanding results for the period, with EBITDA growth of 8.9% driven by organic growth, synergies from acquisitions, and market expansion offsetting the impact of mild winter weather. Net profit grew 31.1% despite the winter impact, with all business divisions contributing positively to results.
The document summarizes the financial results of 9M 2020. Key points include:
- EBITDA increased 2.6% to €806.2 million despite challenges from COVID-19 lockdowns.
- All business lines (networks, waste, energy) showed growth with the exception of networks which was impacted by gas tariff cuts and spin-offs.
- Free cash flow was €259 million and leverage remained stable at 2.5x net debt/EBITDA.
- Growth targets for the 2023 business plan are on track with over 30% of the EBITDA target already achieved after the first three quarters.
Hera Group reported strong financial results for the first half of 2021, with EBITDA increasing 10.4% compared to the same period in 2020. All business lines contributed to growth, led by the energy business with a 16.4% EBITDA rise. Three acquisitions in industrial waste treatment were completed, expanding capabilities and adding over 3,000 new clients. Solid cash generation and financial discipline supported a 30.0% increase in net profit.
Analyst presentation: First quarter 2013 resultsHera Group
Hera Group reported strong growth in key financial figures in Q1 2013 driven by the consolidation of Acegas Aps and organic growth. EBITDA increased 25.3% to €282 million compared to Q1 2012. All business areas saw positive growth, with waste and renewable energy performing well. Net debt was reduced by €74.5 million despite capital expenditures and seasonal working capital needs. Management expects the positive trends to continue in liberalized activities in the remainder of the year.
Hera Group reported Q1 2012 results that were largely in line with Q1 2011 results despite impacts from the Italian recession. EBITDA was slightly higher than in Q1 2011 due to performance in operations offsetting higher taxes. Net profits were affected by some extraordinary negative factors totaling around 12.7 million euros. Capex was in line with Q1 2011 and cash generation fully funded capex and seasonal changes in working capital. Net debt remained stable at 2,006 million euros, in line with the end of 2011.
Hera achieved double digit growth rates in the first half of 2008, with a 22.2% increase in EBITDA. Growth was driven by internal factors such as tariff increases in the water and waste businesses, successful energy trading, and contributions from recent mergers and acquisitions. New plants in electricity generation and waste-to-energy also contributed positively to results. Despite high capital expenditures related to ongoing development projects, Hera generated positive free cash flows in the first half.
The document summarizes the H1 2018 financial results of an unnamed company. Key points include:
- Revenue increased 7.4% and net profit increased 12.1% compared to H1 2017.
- EBITDA grew 3.5% to €523.6 million, driven by growth across all business segments.
- Solid growth was achieved despite operating in a turbulent market environment.
This document summarizes the Gruppo Hera's financial results for year 2017. Some key highlights include:
- EBITDA grew 7.4% to €984.6 million due to growth across all business segments.
- Net profit increased 21.3% to €251.5 million.
- Cash flow from operations increased 35.9% to €709.9 million.
- The company achieved organic EBITDA growth of €57 million through initiatives like mergers and acquisitions.
In the first 9 months of 2009:
- The group's EBITDA grew 11.3% to €390.1 million, mainly driven by regulated activities in the energy sector which accounted for 80% of organic growth.
- New waste-to-energy plants in Modena, Ferrara, and Forlì began contributing to results in Q3 and increased total waste treated.
- Revenue increased 19.9% to €3.121 billion, with higher energy sales and commodity prices the main contributors.
- Excluding one-time "fiscal moratoria" charges, net profit was up 18.8% as regulated tariff increases in water and waste offset effects of an
Hera Group achieved positive financial results in 2009 despite the economic slowdown. Revenues grew 13% to over 4 billion euros due to market expansion, tariff increases, and favorable energy prices. Earnings before interest, taxes, depreciation and amortization grew 7.4% to 567 million euros through actions on internal and external growth. The company strengthened its market position through acquisitions and investments totaling nearly 400 million euros. Looking ahead, Hera expects further growth in 2010 from a new gas distribution tariff and signs of recovery in energy consumption.
First Quarter 2009 Results
- Hera reported positive growth in Q1 2009, with revenues increasing 28.1% due to higher electricity sales volumes and tariff increases.
- EBITDA grew 8% to €166.6 million, supported by synergies, organic growth from tariff progression and market expansion, and contributions from new plants.
- The waste business expanded volumes 8.3% but EBITDA fell 5.4% as special waste volumes declined 9.8% with the economic slowdown and recycled product prices fell.
Hera Group reported positive financial results for 2012 despite the challenging economic environment in Italy. Revenues increased 8.8% to 4.7 billion euros while EBITDA grew 2.7% to 662 million euros. The bottom line also increased, rising 13.5% to 118.7 million euros. Regulated businesses such as water and gas enhanced their contribution to results. Financial metrics remained sound with a debt to EBITDA ratio of 3.35 times. Overall, 2012 performance was in line with Hera Group's business plan expectations, highlighting the resilience of its diversified portfolio.
Hera achieved a double digit growth rate of 17% in EBITDA for the first 9 months of 2008. This growth was driven by internal factors like tariff increases in water and waste businesses, contributions from new plants, and normalized weather conditions boosting gas sales. Results were also supported by M&A activity integrating acquired companies. Overall, positive results across all core business lines demonstrated the company's resilient structure in the current macroeconomic environment.
Hera, an Italian utility company, reported strong financial results for the first quarter of 2011, with revenues up 6.9% and EBITDA increasing 21.2% over the previous year. Net profit after minority interests was €66.8 million, a 40.1% rise compared to the first quarter of 2010. The company saw growth across all business areas, including a 21% increase in gas EBITDA and a doubling of electricity EBITDA. Hera also reduced its net financial position for the third consecutive quarter.
Hera Group press release q1 2010 resultsHera Group
The HERA Group approved its interim results for the first quarter of 2010, which showed growth in operating results driven by its waste management and energy businesses. While revenues decreased 18.2% due to reduced electricity trading and commodity prices, EBITDA grew 11.1% and net profit increased 7.8% due to improved performance in waste management, water, gas, and electricity. The company's net financial position remained stable compared to the end of 2009, and all business areas showed increased margins.
Informa reported strong financial results for 2011, with organic revenue growth of 3.9% and adjusted operating profit growth of 7.9%. Subscription revenues now make up 36% of total revenues, up from 30% in 2008. 74% of publishing revenues are fully digitized. The number of large events increased by 22% and emerging markets now represent 14% of total revenues, up from 12% in 2010. The integration of acquired companies like Datamonitor is progressing well. Informa expects continued growth in 2012 above market averages, supported by subscriptions, large events, and geographic expansion.
The Hera Group, an Italian multi-utility company, announced financial results for the first half of 2011, reporting increased revenue, EBITDA, operating results, and net profit compared to the same period in 2010. Revenues grew 9.8% to €1.98 billion on strong electricity sales and regulated business growth. EBITDA increased 9.7% to €344 million through competitive advantages and regulated sector expansion. The results indicate continued industrial development and competitive positioning in liberalized markets.
Royal Wessanen reported its Q3 2012 results. Revenue was €138.5 million, a 0.2% decrease from Q3 2011 on an autonomous basis. Grocery sales grew but Health Food Stores saw disappointing developments. The company is assessing its structure and costs to reduce complexity and improve efficiency. For 2012, Wessanen expects net financing costs of €3-4 million, an effective tax rate of around 35%, capital expenditures of €6-8 million, and depreciation/amortization of €10-11 million.
Analyst presentation: first Half 2009 ResultsHera Group
Hera achieved double digit growth in net profit in the first half of 2009, driven by expansion in electricity sales and trading as well as regulated tariff increases. Earnings were also supported by contributions from new waste-to-energy plants. Capex was on schedule to support growth strategies, while debt increased due to dividends, acquisitions, and working capital needs from higher sales. The company aims to continue profitable growth by leveraging its regulated utilities and pursuing new opportunities in waste and energy.
This document contains forward-looking statements about Telecom Italia Group's financial results and performance. It warns that actual results may differ from projections due to various risks and uncertainties outside of the company's control. The document then provides an agenda for discussing Telecom Italia Group's 2009 progress, with a focus on its domestic Italian business and TIM Brasil subsidiary. Key highlights included achieving operating free cash flow and domestic cost efficiency targets.
Analyst presentation: first Half 2008 ResultsHera Group
H1 2008 results saw double digit growth rates for Hera Group, with EBITDA up 22.2%. Growth was underpinned by internal drivers like tariff increases and new plants coming online, as well as M&A activity. All business lines experienced growth, with gas returning to normal contributions after a mild winter. Operating capex was high but still allowed for positive free cash flow. Net financial debt was substantially in line with Q1 levels.
Hera Group press release h1 2009 resultsHera Group
The Hera Group saw increases in key financial indicators in the first half of 2009 compared to the same period last year. Revenues increased 22.5% to €2,146 million, EBITDA rose 5.3% to €271.3 million, and group net profit grew 4.5% to €51.8 million. All business areas contributed positively except the integrated water cycle, with the gas business experiencing a 16.7% EBITDA increase and waste management maintaining its EBITDA despite reduced waste production.
Piaggio Group reported full year 2011 financial results, with key highlights including:
- Net sales increased 2.1% to €1.516 billion, driven by growth in emerging markets like Asia Pacific and India.
- EBITDA grew 1.7% to €200.6 million despite €17 million in restructuring costs and negative FX impact of €13 million.
- Net income increased 9.8% to €47 million due to improved EBITDA and lower tax rate, which offset higher depreciation.
- Net financial position was reduced by €14 million to €335.9 million through healthy cash flow and working capital control.
HSBC reported strong financial results for the first half of 2007. Revenue was up 16% to $38.5 billion while profit before tax grew 13% to $14.2 billion, excluding dilution gains. Asia continued to be the strongest performing region, with profit before tax up 30%. Commercial banking and corporate/investment banking saw particularly strong growth. Personal financial services profit declined 20% due to challenges in that business. Overall, HSBC delivered solid financial performance across most regions and business lines.
The document provides an overview of Banco Popular Español's 1st half 2012 results presentation. Key highlights include achieving best-in-class recurrent revenues and pre-provision profit. Efficiency ratios improved further to 38.5% in 1H12. Strong provisioning increased coverage ratios to 56% while EBA core tier 1 capital ratio reached 10.3%, beating targets. Business plan was approved by the board of directors positioning the bank well for upcoming stress tests.
Vodafone Group Plc announced its half-yearly results for the six months ended 30 September 2008. Revenue increased 17.1% to £19.9 billion driven by acquisitions, though organic revenue growth was only 0.9%. Adjusted operating profit grew 10.5% to £5.8 billion due to revenue growth and a lower effective tax rate, partially offset by higher customer investment costs. Free cash flow increased 15.9% to £3.1 billion. The company increased its full-year free cash flow guidance to £5.2-5.7 billion due to improved operational performance and foreign exchange benefits.
Telecom Italia reported financial results for fiscal year 2010. Key highlights included operating free cash flow of €6.2 billion, organic Group EBITDA of €11.8 billion which was up 0.1% year-over-year, and net income of €3.1 billion compared to €1.6 billion in fiscal year 2009. TIM Brasil delivered strong results with EBITDA growth of 16.6% year-over-year and an EBITDA margin of 29.1%. Telecom Italia remained focused on its core domestic and Brazilian markets.
Dover Corporation reported financial results for Q4 2008 and full year 2008. Q4 revenue declined 8% year-over-year due to softness across segments except Fluid Management. Full year revenue grew 3% driven by Fluid Management growth offsetting weakness elsewhere. Integration and restructuring programs achieved savings and positioned the company for continued improvements in 2009 despite challenging market conditions. Guidance for 2009 anticipates an 11-13% revenue decline but maintained strong free cash flow and earnings.
Similar to Analyst presentation q1 2010 Hera Group results (20)
Hera Group reported strong financial results for the first nine months of 2021, with revenues increasing 31% to €6.4 billion and net profit for shareholders rising 32.3% to €308.4 million. EBITDA grew 9.6% to €883.3 million due to higher sales and margins in gas, energy services, and waste management. Operating investments increased 13% to €377.2 million focused on green initiatives. Net debt remained stable at €3.3 billion due to positive cash flow generation covering investments and acquisitions.
The Hera Group saw significant growth in its operating and financial results in the first half of 2021. Revenues increased 22.8% to 4.2 billion euro and EBITDA rose 10.4% to 617.9 million euro. Net profit for shareholders was up 30% to 216.1 million euro. The company pursued further growth through M&A activity and organic expansion of its energy, water and waste businesses. Financial solidity also improved with the net debt to EBITDA ratio falling to 2.5 times.
The Hera Group reported improved operating and financial results for the first quarter of 2021 compared to the same period last year. Revenues increased 10.5% to €2.27 billion driven by higher sales in the energy sectors. EBITDA rose 3.7% to €362 million and net profit for shareholders increased 6.3% to €132.2 million. Net financial debt declined significantly by €149 million to €3.08 billion due to strong cash flow generation during the quarter.
The Hera Group approved positive 2020 results despite the impact of the coronavirus pandemic. Revenues increased 2.4% to over 7 billion euro while EBITDA grew 3.5% to 1.123 billion euro. Net profits for shareholders also increased slightly to 302.7 million euro. The company continued to invest in infrastructure and saw growth in key business areas like energy, supported by the Ascopiave partnership. Sustainability performance also improved, with shared value EBITDA up 7.2% to 420 million euro. The board proposed an increased dividend of 11 cents per share.
Hera Group reported strong financial results for 2020 that exceeded expectations. EBITDA increased 3.5% to €1,123 million despite negative impacts from COVID-19 of €31 million. Net profit was stable at €302.7 million. Cash flow generation was strong, allowing increased dividends of 10% and debt reduction. Organic growth drivers included over €500 million in green capex. Hera also improved its ESG ratings and remains committed to its 2030 sustainability targets.
The Hera Group approved a new five-year business plan to 2024 that forecasts continued growth, with investments of approximately 3.2 billion euro focused on sustainability. Key targets include increasing EBITDA to 1.3 billion euro by 2024, reaching carbon neutrality and circular economy goals, and expanding its customer base in energy to 4 million customers. The plan aims to promote green transition, digital innovation, and socio-economic development in the regions it serves in line with European Union strategies.
Analyst presentation: Business Plan to 2024Hera Group
This document summarizes Hera Group's business plan to 2024. Some key points:
- Hera aims to grow EBITDA to €1.3 billion by 2024 through organic growth, M&A, and efficiencies. Capex will total €3.2 billion over this period, focusing on regulated assets.
- Growth will be sustainable and aligned with the EU's Green Deal and digital strategies, with 88% of EBITDA growth supporting these.
- Hera will strengthen its leadership in ESG through initiatives like increasing renewable energy, carbon neutrality, circular economy programs, and digitalization.
- The strategy positions Hera to create long-term shared value for stakeholders and strengthen
Financial report as at 30 September 2020Hera Group
The document provides an overview of Hera Group's management of the Covid-19 emergency. Key points include:
1) Hera developed a regulatory document implementing national protocols to stop the virus's spread and protect workers, including measures for employees with health risks.
2) Supplier protections and strict facility access are maintained to prevent supply chain issues.
3) Customers are encouraged to use digital channels, and help desks follow social distancing rules.
4) Regulatory measures have been adopted by Arera (Italian regulator) in response to the pandemic.
The Hera Group saw improved economic results in the first nine months of 2020 compared to the same period in 2019, despite the impacts of the COVID-19 pandemic. Revenues were 4.9 billion euro, EBITDA increased 2.6% to 806.2 million euro, and net profit rose 1.1% to 244.7 million euro. These results were achieved through the enlarged scope of operations including a new partnership with Ascopiave, and investments in resilience and sustainability. The solid financial position was maintained with stable net debt of 3.3 billion euro.
The document provides an overview of macroeconomic, financial, business, environmental, regulatory, human capital, and technological trends relevant to Hera Group for the first half of 2020. Key points include:
- The global economy contracted in 2020 due to the Covid-19 pandemic, with the IMF projecting a -4.9% decline in global GDP.
- Eurozone GDP is projected to decline -10.2% in 2020. The ECB took measures to support the economy through bond purchases and interest rate cuts.
- Italy's GDP is forecast to decline -12.8% in 2020 due to the pandemic, though more optimistic projections see a -9.5% decline.
- Energy prices
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2. Q1 2010: First results from harvesting
Increase in all economic results. Ebitda Ebitda growth (m€)
grows at double digit underpinned only by
+18.5 185.1
organic drivers.
+12.3
Market expansion strategies continue to 154.3
yield positive results: 30k new customers
Q/Q in energy activities and double digit
volume growth.
Ebitda '08 Growth '09 Growth '10 Ebitda '10
Special Waste volumes posted +13% “Hera formula” highlights low sensitivity to
increase (exceeding avg rates of BP) backed commodity price fluctuation (Ebitda margins
by developed treatment capacity. up to 17.6%) and proved to be reactive to
economic recovery.
Construction of new WTE plant in Rimini Financial debts substantially stable at
and a Biomass plant are well on track 1.9 b€ thanks to confirmed capex reduction and
(scheduled start up within the end of H2 ’10 to cash generation (almost offset working
and 1Q ’11 respectively). capital seasonality).
Q1 ‘10 Group results 1
3. Q1 ’10: Bottom line grows +6%
Lower commodity prices and M€ Q1 '09 Q1 '10 Ch. %
trading activities partially offset by Organic growth drivers underpin
higher volumes sold. Ebitda increase
Revenues 1,302.3 1,085.4 (16.7%)
Ebitda 166.6 185.1 +11.1% Margins move up to 17.1%
Ebitda Margin 12.8% 17.1%
D&A (55.3) (67.4) +21.9%
Ebit 111.3 117.6 +5.7%
Financials (20.2) (22.2) +10.1%
IAS (figurative)/Leasing (4.7) (3.8) (19.1%) Substantially stable financials
Other non opex (2.7) 0.0 -
“one off” fiscal moratoria
Pre tax Profit 83.7 91.6 +9.4%
Estimated tax rate of 42.6%
Tax (34.9) (39.0) +11.7%
Net income 48.8 52.6 +7.8%
Minorities (3.7) (4.9) +31.2%
Mainly relates to FEA results
Group net profit 45.1 47.7 +5.8% increase
Q1 ‘10 Group Results 2
4. Downstream and Upstream strategy solid results
Ebitda growth Drivers (m€) • Organic Growth (tariff progression,
+11.1%
volumes increase and market expansion)
+4.5 185.1
+14.0 helped by cold winter season and small
recovery of demand.
166.6
• New plants contribution relates mainly to
WTE Modena (yearly maintenance
sustained in Q1). Imola Cogen. heat
Q1 '09 Syn & Org.G. New Plants Q1 '10
production more than offsets negative
impact of fall in commodity prices.
Ebitda breakdown (m€)
185.1 185.1
166.6 2.7% 5 Ebitda breakdown by business
154.3 1.6%
52.2 28.2%
134.5 42 25.2% Network • Positive growth in all businesses.
44.4 91.6
30.8 18.5% 31.7 17.1%
41.8 • Waste management increased weight
29.4 13.9 14.3 7.7%
8.3%
36.4 thanks to expanded plant capacity.
27.4 11.4 Energy
8.6 44.3%
77.3 46.4% 81.9 • Favourable winter conditions underpin Gas
44.9 58.1 Waste 52.2
incidence on Group Ebitda.
Q1 '07 * Q1 '08* Q1 '09 Q1 '10 Q1 '10
Gas Electricity Water Waste Other
*business not reclassified on ’09 and ’10 basis
Q1 ‘10 Group Results 3
5. New plants boost Special Waste volumes (+13%) and margins
Revenues
M€ Q1 '09 % Q1 '10 % Ch. %
Sales growth mainly driven by +16% waste volumes
Revenues 154.3 100% 169.6 100% +9.9% increase (+12.8% Special Waste) achieved
operat. costs (79.0) (51.2%) (83.0) (48.9%) +5.1% exploiting new plant capacity on stream.
personnel (36.4) (23.6%) (37.4) (22.1%) +2.7%
capitaliz. 3.0 2.0% 2.9 1.7% (3.3%)
Ebitda 42.0 27.2% 52.2 30.8% +24.3%
Ebitda
Ebitda underpinned by Special Waste volumes
Total waste treated: +16.3% Q/Q growth (volume treated above “pre-crisis” levels)
(Kton) 3Y cagr
mainly related to new WTE plant in Modena.
1,432 +10%
1,232 200.4 +13% Recovery of manufacturing activities highlights
1,138
1,068 175.2 slightly positive trends (in Italy estimated +3% in Q1).
142.0 333.4 (3%)
138.5
298.1
363.1
352.2 Results accounts Modena WTE stop (1 month) for
routine maintenance.
898.7
643.9 758.7
566.5 Higher margins (+300bp) reflect also change in mix
of treatments (higher WTE treatments awarded with
green certificates).
Q1 '07 Q1 '08 Q1 '09 Q1 '10
Other Landfill WTE Herambiente Ebitda amounts to 39 m€.
Q1 ‘10 Waste management results 4
6. Volume recovery offset real estate industry slow down
Revenues
M€ Q1 '09 % Q1 '10 % Ch. %
Sales growth mainly driven by tariffs and volumes
Revenues 105.8 100% 108.5 100% +2.6% increase partially offset by lower new connections
operat. costs (73.6) (69.5%) (57.1) (52.6%) (22.4%) related to slow down of real estate industry.
personnel (24.7) (23.4%) (25.1) (23.1%) +1.6%
capitaliz. 23.3 22.0% 5.4 5.0% (76.8%)
Ebitda 30.8 29.1% 31.7 29.2% +2.9%
Ebitda
Ebitda increase related to tariff increase (partially
offset by lower new connections of -0.6 m€).
Data Q1 '08 Q1 '09 Q1 '10 Q/Q
Aqueduct (mm3) 58.4 57.5 58.8 +2.3%
Sewerage (mm3) 50.8 50.4 51.3 +1.8%
Purification (mm3) 50.9 50.3 51.4 +2.2%
Q1 ‘10 Water Management results 5
7. Good climate conditions underpin better margins
Revenues
M€ Q1 '09 % Q1 '10 % Ch. %
Commodity prices reduction partially offset
Revenues 579.6 100% 499.9 100% (13.8%)
by higher distributed and traded volumes
operat. costs (498.6) (86.0%) (403.3) (80.7%) (19.1%) related to positive winter climate.
personnel (18.2) (3.1%) (18.3) (3.7%) +0.5%
capitaliz. 14.5 2.5% 3.7 0.7% (74.4%)
Ebitda 77.3 13.3% 81.9 16.4% +5.9%
Ebitda
Results account also positive impact of Imola
cogeneration plant and reduction in lease
Data Q1 '09 Q1 '10 Q/Q cost (due to network acquisition performed in
Volumes distrib. (mm3) 1,093.1 1,186.4 +8.5% 2009).
Volumes sold (mm3) 1,080.6 1,293.0 +19.7%
of which trading (mm 3 ) 72.8 218.5 +200.0% Ebitda margins up by 310bp highlighting low
District Heating (Gwht) 222.4 260.7 +17.2% sensitivity to commodity price fluctuations
thanks to proper procurement contracts.
Q1 ‘10 Gas results 6
8. Visible and profitable market expansion continues
Revenues
M€ Q1 '09 % Q1 '10 % Ch. %
Sale decrease due to reduced trading (-180 m€)
Revenues 493.7 100% 335.6 100% (32.0%) partially offset by market expansion (+13% in
operat. costs (479.9) (97.2%) (318.3) (94.8%) (33.7%) volumes Q/Q).
personnel (5.6) (1.1%) (5.9) (1.8%) +5.3%
capitaliz. 5.7 1.2% 2.9 0.9% (49.2%) Impact of economic recovery still negligible.
Ebitda 13.9 2.8% 14.3 4.3% +2.9%
Ebitda
Results reflect successful market expansion (+30K
Q/Q and +10K new customers in Q1).
Data Q1 '09 Q1 '10 Q/Q
Commercial activities and hedging policies more
Customers 313.5 341.1 +8.8% than offset negative contribution of commodity price
Volume sold (GWh) 1,647 1,863 +13.1% fluctuations, Imola cogen. plant and “new
Volume distrib. (GWh) 549 551 +0.2%
connection” activity.
Trading activities reduction in Q1 pushed up
Ebitda margin (+150bp).
Q1 ‘10 Electricity results 7
9. Portfolio rationalisation underpin lower weight on Group Ebitda
M€ Q1 '09 % Q1 '10 % Ch. %
Revenues 17.1 100% 25.9 100% +51.4%
operat. costs (12.3) (71.9%) (15.8) (61.1%) +28.4%
personnel (2.3) (13.4%) (5.4) (20.7%) +135.1% Weight of these activities below 3% on
capitaliz. 0.1 0.5% 0.3 1.3% +239.1% Group Ebitda.
Ebitda 2.6 15.2% 5.0 19.4% +92.0%
Increased results relate mainly to
telecommunication and Public Lighting
business.
Data Q1 '09 Q1 '10 Q/Q
Public Lighting (K unit) 326.8 331.5 +1.4%
Q1 ‘10 Other activities results 8
10. Capex decrease and organic growth underpin unchanged debts
Capital Exp. & Investments Capex for new plants drops (-44% Q/Q) as a
consequence of their progressive
M€ Q1 '09 Q1 '10
completion.
Waste 29.6 12.1
Water 23.5 19.2 Waste: more than 52% relates to new WTE plants.
Gas 15.0 10.6
Electricity 11.1 9.8 Water: capex reduction in line with ATO
Other 0.8 1.6 requirements.
Holding 6.0 9.5
Capex 86.0 62.8 Electricity: reduction relates to new Imola cogen.
Investments 0.0 1.0 completion.
Capex & Inv. 86.0 63.8
Investments relates to Galsi project.
Net financial debt change
+149.1
Financial Debts substantially unchanged
Operating cash flow increase maintained financial
+64.8 debt substantially in line with year end (1.92 vs
+54.1 1.89 b€ of year end) despite seasonal Gas
+27.9
invoicing impact on NWC (by about +50m€).
Q1 '07 Q1 '08 Q1 '09 Q1 '10
Slightly bettered D/E (from 1.1x to 1.09x).
Q1 ‘10 Group Results 9
11. L/T growth strategy becomes more and more visible on profits
• Positive growth was driven by good performance of all businesses.
• Falling commodity prices and negative trends of real estate industry highlight
portfolio mix “resilience” and the strength of expansion strategies pursued.
• Past years capex increasing contribution, decreasing development capex and
the continuous organic growth underpin a positive trend in cash generation.
• Approved DPS of 0.08€ to be paid on 10th June (about 5% div. yield).
• Hera started exclusive negotiations for the sale of 25% of Herambiente.
Harvesting more and more visible
Closing Remarks 10