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 Group senior management presents and discuss Hera 9M financial results: related web cast and conference call is scheduled on 13 November 2012 at 16.00 CET.
Hera Group 9M 2013 financial results - Analyst presentation, 13 November 2013 Hera Group
Hera Senior Management presents and discusses Hera 9M financial results: related web cast and conference call is scheduled on 13 November 2013 at 15.30 CET.
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 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.
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 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.
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
Analyst presentation q1 2010 Hera Group resultsHera Group
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 Group senior management presents and discuss Hera 9M financial results: related web cast and conference call is scheduled on 13 November 2012 at 16.00 CET.
Hera Group 9M 2013 financial results - Analyst presentation, 13 November 2013 Hera Group
Hera Senior Management presents and discusses Hera 9M financial results: related web cast and conference call is scheduled on 13 November 2013 at 15.30 CET.
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 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.
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 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.
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
Analyst presentation q1 2010 Hera Group resultsHera Group
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.
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 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.
The document summarizes the financial results of a company for the first 9 months of 2019. Key highlights include:
- EBITDA increased 5% to €785.8 million driven by growth across all business segments.
- Net profit increased 10.6% to €230.8 million.
- Networks, Waste, Energy, and Other business segments all saw EBITDA growth compared to the same period last year.
- Solid cash generation of €180 million and maintained a sound debt to EBITDA ratio of 2.57x.
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.
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.
- The Group achieved record results in 2019, with EBITDA growing 5.2% to over 1 billion euros, exceeding expectations.
- Net profit increased 6.7% despite one-off costs from the Ascopiave acquisition.
- Strong cash flow generation allowed further deleveraging and investments in growth opportunities like M&A and organic projects.
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.
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
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.
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
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
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.
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.
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.
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.
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.
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.
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 provides an analyst presentation on the financial results of Hera Group for 2014. Key highlights include:
- Revenues decreased 4.5% to €4.51 billion due to lower gas sales from mild winter weather, while EBITDA grew 7.1% to €868 million driven by market expansion, efficiency gains, and lower trading activities.
- Net profit increased 27.3% to €163.6 million through business growth, financial management, and lower taxes. Cash generation was positive after dividends despite acquisitions.
- The presentation reviews financial results and growth drivers for each business division including networks, waste, energy, and provides an outlook on further sector consolidation in Italy.
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
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.
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.
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 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.
The document summarizes the financial results of a company for the first 9 months of 2019. Key highlights include:
- EBITDA increased 5% to €785.8 million driven by growth across all business segments.
- Net profit increased 10.6% to €230.8 million.
- Networks, Waste, Energy, and Other business segments all saw EBITDA growth compared to the same period last year.
- Solid cash generation of €180 million and maintained a sound debt to EBITDA ratio of 2.57x.
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.
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.
- The Group achieved record results in 2019, with EBITDA growing 5.2% to over 1 billion euros, exceeding expectations.
- Net profit increased 6.7% despite one-off costs from the Ascopiave acquisition.
- Strong cash flow generation allowed further deleveraging and investments in growth opportunities like M&A and organic projects.
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.
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
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.
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
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
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.
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.
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.
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.
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.
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.
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 provides an analyst presentation on the financial results of Hera Group for 2014. Key highlights include:
- Revenues decreased 4.5% to €4.51 billion due to lower gas sales from mild winter weather, while EBITDA grew 7.1% to €868 million driven by market expansion, efficiency gains, and lower trading activities.
- Net profit increased 27.3% to €163.6 million through business growth, financial management, and lower taxes. Cash generation was positive after dividends despite acquisitions.
- The presentation reviews financial results and growth drivers for each business division including networks, waste, energy, and provides an outlook on further sector consolidation in Italy.
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
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.
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.
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.
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.
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.
This document provides a business plan for Hera Group from 2013. It outlines key strategic priorities such as developing energy upstream and trading activities, exploiting waste management assets, strengthening regulated activities, and pursuing external growth opportunities. The plan projects Ebitda to increase by €192 million to €720 million by 2013 through contributions from new plants, synergies, and organic growth. Specific initiatives to be accomplished by the end of 2009 include acquiring gas and district heating networks, reorganizing territorial operating units, and acquiring a 25% stake in Aimag.
The document provides an overview of Deutsche Telekom's Q4 2011 results. Key highlights include:
- Revenue declined 3.7% year-over-year to €14.9 billion due to foreign exchange impacts. Adjusted EBITDA rose 1.3% to €4.6 billion.
- In Germany, revenue fell 6.1% but adjusted EBITDA margin improved 1.2 percentage points to 37.8% due to cost cutting.
- The company maintained its leading position in the German broadband and mobile service markets.
Motor Oil announced yesterday amc FY’12 results, which came in below consensus’ estimates across-the-board on higher-than-expected inventory losses and financial expenses.
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.
Bayer AG reported financial results for Q3 2012. Group sales increased 5.5% adjusted for currency and portfolio effects to €9.7 billion. EBIT declined 23.7% to €0.8 billion due to special items including litigation costs. HealthCare sales grew 5.5% adjusted, with pharmaceutical sales up 6.1% led by new products. CropScience sales increased 12.8% adjusted due to strong demand and new products. The company confirmed its full-year outlook.
Pirelli Presentation of 1H 2009 Group Results.
Pirelli & C. Group Revenues: 2,137.6 Million Euros (2,454.8 Million Euros As Of 30 June 2008). Ebit 101.1 Million Euros (180.9 Million Euros As Of 30 June 2008) After Restructuring Charges Of 21.2 Million Euros; Incidence On Revenues Of 4.7% In Line With Industrial Plan Targets. Attributable Consolidated Net Result: 6.3 Million Euros (-36.2 Million Euros As Of 30 June 2008; Total Consolidated Net Result Negative For 12.4 Million Euros (-9.5 Million Euros As Of 30 June 2008), Positive Net Of Further 19.8 Million Euro Writedown Of Telecom Italia Stake. Net Financial Position Negative For 1,107.6 Million Euros, from 1,278.9 Million Euros As Of 31 March 2009.
Pirelli Tyre Revenues 1,915.9 Million Euros (-9.3% On A Like-For-Like Basis, Net Of Exchange Rate Effects, Compared With First Half 2008); Ebit Before Restructuring Costs: 146.5 Million Euros, Or 7.6% Of Revenues. Second Quarter Revenues Up 6.7% Compared With The First Quarter Of 2009; Second Quarter Ebit Margin Before Restructuring Charges Rose To 8.6% From 8.1% In The Second Quarter Of 2008.
More on: http://www.pirelli.com/web/investors/presentation/archive_pres/default.page
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.
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.
The company reported a 2.5% increase in energy consumption in 2Q12. Revenues increased 2.8% to R$3.8 billion due to growth in residential and commercial classes. However, EBITDA declined 53.6% to R$244 million due to a 16.3% increase in energy costs. Net income fell 77.8% to R$57 million, impacted by higher energy prices and lower financial results. Operational improvements led to reductions in SAIDI and SAIFI indices. The company continues its efficiency programs to control costs.
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.
- The company reported revenue growth of 3% for Q4 and 2% for the full year, though operative EBIT declined slightly for both periods due to higher fixed costs.
- The Paper segment performed strongly, with revenue growth of 7% for Q4 driven by higher sales volumes. However, results were negatively impacted by weak performance from the titanium dioxide joint venture.
- For the full year, the company expects revenue growth in local currencies and operative EBIT to be significantly higher than 2012, as it continues restructuring through its "Fit for Growth" program.
The document provides an overview of Enel SpA's financial results for the first 9 months of 2012, including a 7.7% increase in revenues to €61.9 billion but a 3.9% decrease in EBITDA to €12.76 billion due to lower results in Italy. Electricity demand increased in growth markets like Latin America but decreased in mature markets. The presentation also reviews key financial metrics, drivers of EBITDA changes between periods, and the company's hedging of future electricity sales.
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.
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.
Similar to Hera Group Y2012 financial 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.
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
Hera Group reported positive 1H 2020 results despite impacts of COVID-19. Revenues increased 0.9% to €3.4 billion and EBITDA grew 2.5% to €559.7 million due to efficiency gains and expanded operations offsetting effects of pandemic. Net profit rose slightly to €174.9 million. Investments totaled €240.6 million and net financial position improved by €190 million to €3.083.6 million, demonstrating financial solidity.
Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
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1. Hera Group Y2012 financial results
analyst presentation, 22nd March 2013
2. 2012 results at a Glance
2012 YoY growth rates Positive growth in operations despite
(%) recession scenario, underpinned by
+13.5%
enhancement in gas and water.
+8.8%
Bottom line increased even excluding
extraordinary positive effects, mainly related to tax
+2.7%
recovery (reimbursement of IRES paid on IRAP from
2009 for 18m€).
Revenues Ebitda Net Profit
Earthquake had impact only on Working Capital
(about 25m€ following the emergency-law issued).
2012 Macro-economic trends
(%)
Regulated businesses enhanced contribution to
Italy Ch. '11/'10 Ch '12/'11 Group results (54.5% Ebitda).
GDP* +0.5% (2.4%)
Industrial production* (5.0%) (6.7%) Financial soundness confirmed: Debt at 2.2b€,
Import* +8.9% (5.7%) and D/Ebitda at 3.35x, prior normalization for M&A.
Export* +11.4% +3.7%
Electrical consumption** +0.6% (2.8%)
Gas consumption***
* source ISTAT
(6.3%) (3.9%) - 2012 performance in line with our business
plan expectations highlighting resilient portfolio mix.
** source: Terna
*** source: Snam Rete Gas
1
3. 2012 results grew despite all
Increase in tariffs, and gas 2011 2012 Ch.%
volumes sold/traded.
Revenues 4,315.9 4,696.3 +8.8%
13.4m€ in accruals to
Ebitda 644.8 662.0 +2.7% provisions related to “one
Financial inc./exp. Depreciation (233.8) (239.1) +2.3% off” past years items.
increased due to higher Provisions (76.6) (87.5) +14.3%
rates and debt. Ebit 334.5 335.4 +0.3%
Net financial Interests (106.4) (118.5) +11.4% Mainly related to
IAS figurative interest* (13.1) (15.6) +19.2% Energonut restatement
Results from associates 6.3 5.4 (13.7%) at fair value (acquisition
‘12 taxes include IRES executed at 50m€).
Other extraord. - 6.7
reimbursements paid on
IRAP ( ‘07-’11: +18.1m€). Pre tax Profit 221.2 213.4 (3.5%)
‘12 effect of lower IRAP of Tax (94.4) (79.1) (16.3%)
about 4.4m€. Tax rate -42.7% -37.0% ’12 Minorities affected by
Net Profit 126.8 134.4 +6.0% the end of Bologna WTE
‘11 taxes affected by Cip6 contract (-6.4m€).
Minorities (22.2) (15.7) (29.2%)
extraord. benefits from Hera Net Profit 104.6 118.7 +13.5%
advanced payments of
deferred taxes (~7.6m€). *Non cash items related to provisions
Growing results despite Cip6 contract expiry
2
4. Continuing growth through both organic drivers and M&A
Ebitda growth drivers
(m€)
+5.6% adj Organic Growth in line with track records.
+11 +662,0
644,8 +24,2
626,8 Organic growth more than compensating
(18.0)
the expiry of WTE BO Cip6 contract effects
underpinned by tariffs, customers, cross
selling and synergies.
M&A relates to 4MW PV plants, Sadori Gas
merger (accounted for from 1 July ‘11) and
2011 Cip6 2011 Syn & M&A 2012 Energonut (acquired in Novembre 2012).
FEA ADJ Org.
Ebitda by strategic areas
(m€) Waste posted positive growth net of expired WTE
BO Cip6 contract.
Network benefit from tariff increases and
efficiency gains.
Energy activities further progress mainly in gas
sales/trading activities.
3
5. Positive operating cash flows before M&A and dividends
2012 cash flows
(m€)
500
2012 free cash generation almost fully
400
funded net capex by 270 m€ and Working
300
(270) Capital increase (50% related to increased
200 +421 receivables due to macro-scenario, earthquake impact
and 50% related to decrease in payables).
100
(146)
(36)
00
Debt at 2.22b€ accounting Energonut cash-
-100
(31) acquisition.
(114)
-200 (229)
(84) Issued 0.7b€ bond at 5.2%interest rate
-300 Economic Capex NWC Provisions Operating Dividends M&A/other Ch. Debt
CF* CF
with a 15 year duration. No refinancing issues
-400
(available committed credit lines reached ~420m€ as
* Economic cash flows=Net profit + D&A+IAS interests at today).
Net working capital:+146m€ YoY Financial Soundness in “3D”:
(m€)
114
115
D/Ebitda: 3.35x (3.27x excluding Energonut M&A)
D/Equity: 1.17x
Duration: over 8 years on avg.
2011
2011 Earthquake Inc. Lower debt 2012
Revenues
(31.5)
4
6. WASTE: Going through the crisis substantially un-damaged
Financial highlights (m€)
Urban waste tariffs up by +3.4%.
2011 2012 Ch. %
Revenues 740.1 737.8 (0.3%)
Ebitda 194.2 183.5 (5.5%) Economic slow down impacts household
consumption and consequently urban waste
volumes.
2012 Ebitda build up
(m€)
Special waste volumes significantly recovered
from -17.4% of Q1 signing a positive trend in Q4
of +20.2% (after a decrease in 13 quarters in a
row).
Ebitda development reflects the expiry of BO WTE
2012 Volumes by quarter (kton) Cip6 contract, the efficiency in operations and
consolidation of Energonut (since the closing of the
Urban waste Special waste
20.0 0%
+20.2% deal in November ‘12).
20.0 0%
+5.5%
0 0
(0.7%)
Treatment mix managed to exploit green power
(5.1%) (4.7%) (3.9%) (5.1%)
generation capacity of WTE and biomass plants
(17.4%) (0.7 TWh generated up by +2.2%). Sorted urban w.
-30.0 0% -3 0.00%
collection enhance to 52%.
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
5
7. WATER: Committed to reach proper returns
Financial highlights (m€)
2011 2012 Ch. % Tariffs increase of +6.7% whilst volumes
177.6 178.7 were lower YoY.
Revenues 596.7 617.1 +3.4%
Ebitda 150.2 158.3 +5.4%
Ebitda reflects also efficiency improvements
partially compensating higher electricity costs
Volumes (300 GWh electricity consumptions in ‘12).
Data 2011 2012 Ch.%
2012 tariff increases safeguarded by Ato
Aqueduct (mm 3) 253.7 252.7 (0.4%) agreements to progress toward proper returns.
Sewerage (mm3) 222.6 220.8 (0.8%) New regulatory system (retro-active from
Purification (mm3) 221.4 217.0 (2.0%) 1/1/2012) implies tariff increases and RAB
revaluation (1.2b€ from 1b€).
Ebitda track record since 2002
(m€)
Uninterrupted resilient track record in
10 financial reports in a row.
6
8. Gas: record year due to volumes and margins
Financial highlights (m€)
2011 2012 Ch. % Revenues growth mainly driven by
higher commodity prices, larger trading
Revenues 1,490.2 1,769.3 +18.7% and sold volumes.
Ebitda 208.7 240.7 +15.3%
Cold Q1 2012 more than compensated
Volumes and customers decrease in demand (as crisis
consequence).
Data 2011 2012 Ch.%
Volumes distrib. (mm3) 2,389.2 2,360.1 (1.2%)
Ebitda increase mainly driven by supply
Volumes sold (mm ) 3 3,321.0 3,478.9 +4.8% and trading activities, positive
of which trading (mm 3 ) 1,252.6 1,396.0 +11.4% performance of regulated activities
District Heating (GWht) 499.3 526.0 +5.3% (+7m€) and customer base consolidation.
Customers ('000) 1114.5 1116.3 +0.2%
Ebitda track record since 2002 Growth in customer base through
(m€) commercial expansion offsets churn in
traditional reference territories.
Q4 2012 results substantially in line
with Q4 2011, also as a consequence of
lower volume sold (-50m cubic meters).
7
9. Electricity: market expansion still on going
Financial highlights (m€)
2011 2012 Ch. % Revenues growth mainly driven by higher
prices partially compensated by slow down
Revenues 1,585.2 1,678.4 +5.9% in demand (-4.6% volume).
Ebitda 73.2 62.3 (15.0%)
Commercial margins and expansion
(+12.2% customer base) offset poor
Customers performance of power generation assets.
Data 2011 2012 Ch.%
Customers ('000) 482.1 541.1 +12.2% Performance of distribution activities
confirmed stable (+1m€) in line with
previous year.
Ebitda positive trend inversion caused
Ebitda track record since 2002 partly by change in fair values (~10m€).
(m€)
8
10. Update on Acegas Aps
Group Full merger with Acegas Aps Holding
Acegas Acegas Hera
2012 proforma
A2011 A2012 A2012
Proforma executed by year end (consolidation starting
2012 from 1/1/2013).
Revenues 585 626 4,696 5,322
Ebitda 119 129 662 791 Acegas Aps yearly results in line with our
Ebit 53 59 335 394 estimates (energy activities and Water business
underpinned 2012 Ebitda growth).
Net Profit pre min. 18 26 134 160
Net Profit 18 26 118 144
Public Tender Offer on going till 27th of
March. As of 21st of March Hera controls
slightly more than 93% of Acegas Aps share
Net financial debt 447 464 2,142* 2,606
capital.
NFP/Ebitda 3,8x 3.59x 3.23x 3.29x
Invested Capital 816 849 4,112 4,961
*Excluding cash acquisition of Energonut executed in Q4 and earthquake effect .
Acegas Aps management already at work
with Hera’s to deploy synergy potentials.
P/E 11.3x 12.0x
Board of Acegas Aps will be appointed
EV/Ebitda 5.4x 5.4x
next 14th of May.
Market cap.
1,360 1,685
(31/12)
Acegas Aps represents 50% of business plan Ebitda growth target
9
11. Closing remarks
‘12 results in line with plan target Strong competitiveness on energy market
and progression in regulated activities
Business plan target 2012 underpinned positive Ebitda performance.
Avg synergies & Organic Growth 23m€ 24m€ ✔
Waste special waste volumes increase Q4 positive trend ✔
Business portfolio resilience shown also
Electricity customers +60k +60k ✔ during long crisis period. Waste treatm. of
Capex reduction (m€/Y) 288 271 ✔
special waste highlight first inversion of a
Dividend policy no decrease Stable ✔ long negative trend.
Financial structure soundness progressive increase 3.3x ✔
All main business plan targets achieved.
M&A strengthened Waste asset base with a
new WTE plant (Energonut) and Acegas Aps.
Ebitda and Ebit Track records
Solid financial structure (3.35x D/Ebitda)
with no refinancing issues.
DPS of 9 €c confirmed.
10