NCCP Preserve Management Challenges and Opportunitiesmsweesy
This presentation was given to the AEP San Diego Chapter in February 2012. The presentation discusses the use of mitigation banks to promote preserve management and management challenges and opportunities
El documento describe las nuevas tendencias en publicidad, incluyendo un enfoque en el contenido y distribución que fomenta un mayor compromiso del consumidor, como compartir en redes sociales. También señala el uso creciente de publicidad experiencial, emocional y con historias que generan identificación, así como una mayor personalización y uso de la tecnología para involucrar a los consumidores.
El documento describe los productos de una compañía llamada Omni Life que ofrece suplementos alimenticios y cosméticos naturales. Explica que los suplementos ayudan a mejorar la salud mediante la nutrición celular y la prevención de enfermedades, mientras que los cosméticos usan ingredientes naturales para cuidar la piel y el cabello. El documento también invita a las personas a usar los productos y compartir los resultados para unirse a la oportunidad de negocio de la compañía.
Este resumen describe un trabajo de control de lectura sobre la novela "El Socio" de Genaro Prieto. Se identifica al narrador omnisciente y a los protagonistas Julián Pardo y su invención Walter Davis. También describe la estructura de inicio, trama y desenlace de la novela, en la que la mentira de Davis cobra vida propia y lleva a Julián al suicidio después de que cree haber ahorcado a Davis pero en realidad mata a su hijo. El comentario final es que la mentira nunca lleva a nada bueno.
NCCP Preserve Management Challenges and Opportunitiesmsweesy
This presentation was given to the AEP San Diego Chapter in February 2012. The presentation discusses the use of mitigation banks to promote preserve management and management challenges and opportunities
El documento describe las nuevas tendencias en publicidad, incluyendo un enfoque en el contenido y distribución que fomenta un mayor compromiso del consumidor, como compartir en redes sociales. También señala el uso creciente de publicidad experiencial, emocional y con historias que generan identificación, así como una mayor personalización y uso de la tecnología para involucrar a los consumidores.
El documento describe los productos de una compañía llamada Omni Life que ofrece suplementos alimenticios y cosméticos naturales. Explica que los suplementos ayudan a mejorar la salud mediante la nutrición celular y la prevención de enfermedades, mientras que los cosméticos usan ingredientes naturales para cuidar la piel y el cabello. El documento también invita a las personas a usar los productos y compartir los resultados para unirse a la oportunidad de negocio de la compañía.
Este resumen describe un trabajo de control de lectura sobre la novela "El Socio" de Genaro Prieto. Se identifica al narrador omnisciente y a los protagonistas Julián Pardo y su invención Walter Davis. También describe la estructura de inicio, trama y desenlace de la novela, en la que la mentira de Davis cobra vida propia y lleva a Julián al suicidio después de que cree haber ahorcado a Davis pero en realidad mata a su hijo. El comentario final es que la mentira nunca lleva a nada bueno.
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 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.
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.
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.
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.
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
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.
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.
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 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.
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.
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.
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.
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
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.
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.
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
Bienestar Financiero al servicio de su jubilación anticipada
Pago de su 🏡
Estudio de sus hijos
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Administración de carteras
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Acceso a Desarrollo de varias industrias
Cuentas bancarias
Estructuras Físicas en USA y en América Central
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Link de registro
https://business.myinfinity.global/maurod8/
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Contacto:
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Hera Group’s tenth Annual Report: more earnings growth
1. press release
Bologna, 22 March12
Hera Group’s tenth Annual Report:
more earnings growth
In 2011 the Group continued with the growth that has characterised it since its
establishment in 2002. Revenue topped €4 billion, whilst EBITDA was at €644.8 million
(+6.2%). Its dividend was confirmed at 9 cents.
Financial highlights
- Revenue: €4,105.7 million (+12.0% from 2010)
- Gross operating profit (EBITDA): €644.8 million (+6.2% from 2010)
- Pre-tax profit: €221.2 million (+7.6% from 2010)
- Net financial position: €1,987.1 million (3.1 times EBITDA)
- Proposed dividend: 9 cents/shares (unchanged compared to 2010)
Operating highlights
- Appreciable sales growth in electricity and gas
- Positive impact of the biomass plant in Faenza and the waste-to-energy plan in Rimini
- Further balanced growth in water and urban sanitation, thanks to efficiency
improvements and tariff increases in relation to investments made
The Hera Group’s Board of Directors, chaired by Tomaso Tommasi di Vignano, today approved the tenth
consolidated Annual Report for 2011, together with the corresponding Sustainability Report, according to
a by now longstanding practice.
CONSOLIDATED RESULTS
Despite the persistent difficult macroeconomic environment, the Annual Report shows further earnings
growth, uninterrupted since Hera Group’s establishment in 2002, thanks to progress achieved in almost
all business areas, especially in the energy sector.
Revenue
Revenue jumped to €4,105.7 million (+12.0% compared with €3,666.9 million at 31/12/2010), thanks to
the contribution of all the services managed. Strong growth in electricity sales, especially in the
“salvaguardia” area, sustained consolidated revenue growth.
Overall gross operating profit (EBITDA)
EBITDA grew, increasing to €644.8 million, or +6.2% compared with €607.3 million at 31/12/2010. This
was due to good performance in electricity, gas and regulated services (water and environmental
sanitation). Gas and electricity were positively affected not only by sales dynamics, but also by
procurement policies, which offered limited exposure to electricity generation activity and a flexible
portfolio for gas supplies.
2. In the year of the 10th Annual Report, it is worth noting the ever growing recorded in EBITDA, which has
more than tripled between 2002 and 2011 (from €192 to €645 million).
Operating profit, pre-tax profit and net profit
Operating profit was €334.5 million (+6.1%), whilst pre-tax profit increased to €221.2 million (+7.6%). Net
profit after minority interests came in at €104.6 million; comparison on a like-for-like basis with the figure
for the previous year (which benefited from an extraordinary tax transaction of approximately €25.1
million compared with the €7.6 million booked in 2011) shows an increase of +5.3%.
In an historical comparison with the 2002 Annual Report, net profit increased 3.15 times.
Investments
In line with the Business Plan, investments during the year stood at €324.9 million, with a balanced mix
between the different business areas. In water, they mainly concerned network and plant expansions,
reclamations and upgrades, in addition to regulatory compliance measures, especially in the purification
and sewerage areas. Where gas is concerned, besides upgrading networks and plants and expanding
district heating networks, the Group invested in the start-up of the wide-scale gas meter replacement
project. In the electricity business, efforts focused on service expansion and extraordinary maintenance
in the Modena and Imola local areas (the only ones in which network ownership belongs to Hera). In the
Waste sector, having completed a major asset base expansion program, investments were made in
plant maintenance and upgrading efforts, in addition to the final phase for completion of the new waste-
to-energy plant in Rimini.
Net financial position
The net financial position (NFP) at 31 December 2011 was €1,987.1 million, enhanced from the last
quarterly report at 30/09/2011 (€2,055.5 million), thanks to positive cash flow generation in the last
quarter, which compares with €1,860.2 million at 31/12/2010. The NFP to EBITDA ratio is 3.1, in line with
the figure for the previous year.
Financial debt has an average life of nine years and is fully hedged against the risk of interest rate
fluctuations.
Proposed dividend
In view of the results achieved, the Board of Directors has decided to propose to the General
Shareholders’ Meeting a dividend per share of 9 cents, in line with what was paid in the previous year.
The dividend to shareholders will be registered on 4 June 2012, with payment starting 7 June 2012.
PERFORMANCE BY BUSINESS AREA
Waste Area
The EBITDA of the Waste area, which includes waste collection, treatment and disposal services, stood
at €194.2 million, basically in line with the previous year (€195.1 million). The result reflects decreased
waste volume, both urban (-3.0%) and special (-2.2%), due to the negative economic situation, which
was mitigated, however, by the positive effects of special waste sales activity in new geographical areas
in central and northern Italy. The decrease in volumes was partially offset by good performance in urban
sanitation activities, growth in market share, and greater revenues from renewable electricity generation.
On this latter aspect, a positive contribution was made by both the new biomass plant in Faenza (built in
joint venture with Caviro and consolidated pro rata at 50%), as well as by the waste to energy plant in
Rimini going online at full capacity.
3. It is to be noted that, in late 2011, the Hera Group won a tender launched by the Florentine company
Quadrifoglio to find a minority private partner/industrial partner in the company to design, build and
manage the new waste-to-energy plant to service the Florence area.
Thanks to this award, by late March, the Hera Group will hold 40% of Q.tHermo, the new company being
formed .
The Gaste area contributed 30.1% of Group EBITDA.
Gas Area
The EBITDA of the Gas area, which includes methane gas and LPG distribution and sales services,
district heating and heat management, increased to €208.7 million (+7.6% compared to €193.9 million in
2010). The increase was achieved thanks to efficient raw materials procurement methods and expansion
in trading activity (€1,252.6 million cubic metres, +73.5%), which sustained the growth in sales volumes
(€3,321.0 million cubic meters, +14.0%). This was helped by a growing customer base, which increased
to more than 1.1 million customers (+3.9%), thanks both to sales activity and the merger last 1 July with
Sadori Gas, a sales company active especially in Marche region, by virtue of which the Hera Group can
now boast more than 110,000 gas customers in that area. These factors have more than offset the
negative effect of reduced consumption by end customers, as a result of the mild weather in the latter
part of the year.
The Gas area contributed 32.4% of Group EBITDA.
Electricity Area
The EBITDA of the Electricity area, which includes electricity production, distribution and sales services,
increased to €73.2 million (+22.5% compared with €59.8 million in 2010). Significant growth continued to
be underpinned by a growth in sales (482,100 customers increasing 26% compared with 2010), which
was also helped by an increase of more than 25,000 customers in the “salvaguardia” market in
Lombardy, Tuscany, Lazio, Abruzzo, Molise and Apulia. This allowed for greater sales (10 TWh,
+29.1%) and was combined with better margins, resulting from limited exposure to generation activities.
The Electricity area contributed 11.4% to Group EBITDA.
Water Area
The EBITDA of the Water area, which includes mains water, purification and sewerage services, stood at
€150.2 million (+5.8% compared with €142.0 million in 2010). This increase was due to greater sales
volumes, mild revenue growth due to coverage of the services provided and especially continual
attention to operating efficiency, the result also of numerous investments.
The Integrated Water Cycle area contributed 23.3% to Group EBITDA.
Other Services
Other Services, which mainly includes street lighting and telecommunications services, showed EBITDA
of €18.5 million (+12.8% compared with €16.4 million in 2010).
Other Services contributed 2.9% to Group EBITDA.
4. STATEMENTS
Statement from Chairman Tommasi
”Earnings growth in all business areas since the Group’s incorporation, even during difficult economic
and financial periods, demonstrates the soundness of the strategic choices pursued and the strength of
the competitive advantages established so far,” explains Hera Chairman Tomaso Tommasi di Vignano.
“This also confirms the effectiveness of the original corporate mergers model on which Hera’s
experience has been built. These results, together with a sound financial structure, allow us once again
this year to propose a dividend of 9 cents per share, confirming the policy maintained over all these
years”.
Statement from CEO Chiarini
”Hera’s multi-utility portfolio has allowed negative external effects to be offset among the different
businesses we manage in nearly all of its entire ten-year history, showing low earnings volatility thanks
also to the significant contribution to EBITDA, i.e. 52%, by regulated activities” explains Hera CEO
Maurizio Chiarini. “Continual control of investments and working capital over the last three years has
ensured that NFP has been kept stable, compared with annual EBITDA growth of 6%, thus causing
financial ratios to improve”.
Pursuant to Article 154-bis, section 2 of the Italian Consolidated Finance Act, the Group Director of Finance Administration and
Control, Luca Moroni, declares that the information contained in this press release corresponds to the entries made in accounting
documents, ledgers and records.
The separate Annual Report and the respective documentation will be available to the public at Borsa Italiana S.p.A. and on the
www.gruppohera.it website, starting 6 April 2012.
Financial statements, taken from the separate Annual Report at 31 December 2011, are attached.
Investor Relations Hera S.p.A.
Jens K. Hansen
tel. +39 051 28 77 37
e.mail: jens.hansen@gruppohera.it
website: www.gruppohera.it
5. Profit & Loss (m€) 2010 Inc% 2011 Inc% Ch. Ch.%
Sales 3,666.9 100.0% 4,105.7 100.0% +438.8 +12.0%
Other operating revenues 210.4 5.7% 210.2 5.1% (0.2) (0.1%)
Raw material (2,140.5) (58.4%) (2,440.1) (59.4%) +299.6 +14.0%
Services costs (810.7) (22.1%) (870.5) (21.2%) +59.8 +7.4%
Other operating expenses (38.8) (1.1%) (39.8) (1.0%) +1.0 +2.6%
Personnel costs (361.9) (9.9%) (370.0) (9.0%) +8.1 +2.2%
Capitalisations 81.9 2.2% 49.3 1.2% (32.6) (39.8%)
EBITDA 607.3 16.6% 644.8 15.7% +37.5 +6.2%
Depreciation and provisions (291.9) (8.0%) (310.3) (7.6%) +18.4 +6.3%
EBIT 315.4 8.6% 334.5 8.1% +19.1 +6.1%
Financial inc./(exp.) (109.8) (3.0%) (113.2) (2.8%) +3.4 +3.1%
Pre tax Profit 205.6 5.6% 221.2 5.4% +15.6 +7.6%
Tax (63.6) (1.7%) (94.5) (2.3%) +30.9 +48.6%
Net Profit 142.1 3.9% 126.8 3.1% (15.3) (10.8%)
Attributable to:
Shareholders of parent company 117.2 3.2% 104.6 2.5% (12.6) (10.8%)
Minority shareholders 24.8 0.7% 22.2 0.5% (2.7) (10.8%)
Data have been reclassified in accordance with IFRIC 12 principle
Balance sheet (m€) 31/12/2010 Inc% 31/12/2011 Inc% Ch. Ch.%
Net fixed assets 4,142.3 111.0% 4,292.7 111.0% +150.4 +3.6%
Working capital (29.1) (0.8%) (31.5) (0.8%) (2.4) +8.2%
(Provisions) (382.8) (10.3%) (394.7) (10.2%) (11.9) +3.1%
Net invested capital 3,730.4 100.0% 3,866.5 100.0% +136.1 +3.6%
Net equity 1,870.2 50.1% 1,879.4 48.6% +9.2 +0.5%
Long term net financial debts 2,292.1 61.4% 2,323.1 60.1% +31.0 +1.4%
Short term net financial debts (431.9) (11.6%) (336.0) (8.7%) +95.9 (22.2%)
Net financial debts 1,860.2 49.9% 1,987.1 51.4% +126.9 +6.8%
Net invested capital 3,730.4 100.0% 3,866.5 100.0% +136.1 +3.6%