Hera achieved strong financial results in 2014 despite unfavorable market conditions. EBITDA grew 7.1% through effective M&A integration and a balanced business portfolio. Net profit increased 27.3% due to growth in regulated businesses, cost efficiencies from acquisitions, and increased client bases. Hera remains well positioned for future growth and sector consolidation with a strong balance sheet and cash flow.
Hera Group approves results as at 31/12/2015Hera Group
The year comes to a close with growth in all main indicators, thanks to the Group's solid business model and its constantly and continuously improving operational, financial and fiscal management.
The Hera Group approved its 2014 financial results, reporting growth in key figures like EBITDA and net profit despite a decline in revenues. EBITDA increased 7.1% to €867.8 million and adjusted net profit rose 24.7% to €181.2 million, due to improvements in performance across all business areas and the extraction of synergies from consolidation. The board proposed to maintain the dividend at 9 cents per share.
The Hera Group reported improved financial results for the first three quarters of 2014 compared to the same period in 2013, with EBITDA up 8.9% and adjusted net profit up 27.3%. All business segments contributed to growth, with notable increases in the waste, water, and electric energy businesses. Total investments increased compared to the prior year. Net debt decreased slightly from the previous quarter due to strong operating performance.
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.
The Hera Group, a major Italian multi-utility company, announced strong financial results for 2018, exceeding expectations. Key highlights included:
- Turnover increased 8% to €6.6 billion, driven by higher revenues in gas, electricity, and waste.
- EBITDA grew 4.7% to over €1 billion for the first time, with positive contributions from all business areas especially integrated water and gas.
- Net profits increased 11.2% to €296.6 million.
- Investments rose 5% to €462.6 million to upgrade infrastructure and pursue regulatory requirements, with the financial profile remaining solid.
Hera Group approves results to 31/12/2012Hera Group
Group achieves continued growth despite the difficult economic environment. Revenues just under €4.5 billion (+9.4%), with EBITDA at €662 million (+2.7%). Dividend confirmed at 9 cents per share.
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.
Hera Group approves results as at 31/12/2015Hera Group
The year comes to a close with growth in all main indicators, thanks to the Group's solid business model and its constantly and continuously improving operational, financial and fiscal management.
The Hera Group approved its 2014 financial results, reporting growth in key figures like EBITDA and net profit despite a decline in revenues. EBITDA increased 7.1% to €867.8 million and adjusted net profit rose 24.7% to €181.2 million, due to improvements in performance across all business areas and the extraction of synergies from consolidation. The board proposed to maintain the dividend at 9 cents per share.
The Hera Group reported improved financial results for the first three quarters of 2014 compared to the same period in 2013, with EBITDA up 8.9% and adjusted net profit up 27.3%. All business segments contributed to growth, with notable increases in the waste, water, and electric energy businesses. Total investments increased compared to the prior year. Net debt decreased slightly from the previous quarter due to strong operating performance.
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.
The Hera Group, a major Italian multi-utility company, announced strong financial results for 2018, exceeding expectations. Key highlights included:
- Turnover increased 8% to €6.6 billion, driven by higher revenues in gas, electricity, and waste.
- EBITDA grew 4.7% to over €1 billion for the first time, with positive contributions from all business areas especially integrated water and gas.
- Net profits increased 11.2% to €296.6 million.
- Investments rose 5% to €462.6 million to upgrade infrastructure and pursue regulatory requirements, with the financial profile remaining solid.
Hera Group approves results to 31/12/2012Hera Group
Group achieves continued growth despite the difficult economic environment. Revenues just under €4.5 billion (+9.4%), with EBITDA at €662 million (+2.7%). Dividend confirmed at 9 cents per share.
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.
The Hera Group approved its results for 2016, showing improvements in all economic, financial, and environmental indicators. Revenue decreased slightly but EBITDA grew 3.6% and net profits increased 14.8%. All business areas (gas, water, waste, electricity) saw higher EBITDA. Investments totaled €390 million while net debt decreased by €100 million. The company proposed a dividend of 9 cents per share.
The Hera Group approved positive H1 2012 results, with EBITDA up 5.7% and net profit up 7.8%. Revenues increased 15.9% due to higher gas and electricity sales and water service fees. EBITDA growth was driven by the water and gas businesses. The Group also approved a merger with Acegas Aps to create a larger multi-utility company.
The Hera Group reported increased revenues, EBITDA, net profits, and customer base for the first quarter of 2019 compared to the same period in 2018. Revenues grew 11.4% to €1.94 billion driven by higher sales and volumes in gas, electricity, and waste. EBITDA increased 2.5% to €330.8 million from growth in the water, gas, and waste business areas. Net profits grew 3.0% to €129.7 million. The company continued investments and acquisitions to support growth while maintaining a stable net debt level.
The Board of Directors of Hera Group approved the 2010 financial results, which showed strong growth. Revenues were €3.7 billion, EBITDA was €607.3 million (+7.1%), and net profit was €117.2 million (+65%). All business areas contributed to increased EBITDA. The dividend per share will increase 12.5% to 9 cents. The results demonstrate the success of Hera Group's strategy and continued focus on operating efficiency.
The Hera Group reported positive financial results for the first quarter of 2015, with revenues up 7.1% to €1.31 billion due to acquisitions. Net profit increased 3.8% to €92.5 million, helped by growth in the gas and water segments. Capital expenditures of €64.1 million reduced net debt from €2.64 billion at the end of 2014 to €2.56 billion at the end of the first quarter of 2015.
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 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 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.
Hera Board of Directors approves the Q3 figures at 30 September 2012Hera Group
The Hera Group reported positive financial results for Q3 2012, with revenues up 14.5% to €3.32 billion and EBITDA up 1.5% to €473.6 million. The gas business performed well due to improved margins and greater volumes. Regulated services like water and waste collection also showed good results despite macroeconomic challenges. Total investments were €183.8 million, and the net financial position was €2.11 billion, in line with projections.
The Hera Group approved positive 3Q 2017 results, with revenues up 11.4% to €4.027 billion and net profit increasing 28.6% to €182.9 million. All business areas contributed to growth, with the energy business performing strongly on higher power generation and default market sales. Investments totaled €277 million primarily in plants and networks. Net debt remained stable at €2.61 billion despite dividend payments and acquisitions.
The Hera Group saw improvements across key financial figures in the first half of 2015, with revenues up 6.1% to €2.21 billion, EBITDA rising 2.5% to €459.1 million, and net profit increasing 11.4% to €107.3 million. The gas segment performed strongly with EBITDA 14.2% higher, while water and waste management also contributed to growth. Net debt remained stable at €2.66 billion.
Chiffres clés au 31 mars 2015 - Conférence téléphonique du 7 mai 2015 (en ang...vefinance
- Veolia reported its key figures for the period ending March 31, 2015, with revenue of €6.305 billion, up 8.5% from the same period in 2014.
- EBITDA was €816 million, up 26.4% compared to 2014, driven by continued cost cutting and good growth outside of Europe.
- Net financial debt remained stable at €8.970 billion despite negative foreign exchange impacts of around €1 billion.
- Veolia confirmed its 2015 guidance targets for revenue growth, EBITDA and current EBIT growth, continued cost savings, and dividend coverage by current net income and free cash flow.
Analyst presentation: First Half 2012 ResultsHera Group
The document summarizes the H1 2012 results of Hera Group. It reported a 14.1% increase in EBITDA compared to H1 2011, driven by strong growth in the energy and water businesses. The waste business saw negative trends in Q1 but improved in Q2. Cash flow was sufficient to fund capital expenditures and acquisitions during the period. Overall, the results were above expectations due to strong performance in Q2 across business lines. The economic downturn had a limited impact on financials.
Finnish companies actively improved their energy efficiency between 2008-2016 through voluntary energy efficiency agreements. Over 650 companies implemented over 17,000 energy saving measures, resulting in annual energy savings of 15.4 TWh, cost savings of €529 million, and a reduction of 4.6 million tonnes of carbon dioxide emissions. Due to these measures, participating businesses are now more energy- and cost-efficient while producing fewer emissions.
The Hera Group approved its results for 2019, reporting increases in all key financial figures. Turnover rose 12.3% to €7.4 billion, EBITDA grew 5.2% to €1.1 billion, and net profits increased 35.5% to €402 million. Capital expenditures also rose to support infrastructure investment. The Group proposed a dividend of €0.10 per share and continued improving its sustainability performance.
Hera Group press release 2009 annual resultsHera Group
The Board of Directors of the Hera Group approved the 2009 financial results, which showed increased revenues, EBITDA, and EBIT despite the economic recession. Revenues increased 13.1% to €4.2 billion due to growth in electricity sales. EBITDA rose 7.4% to €567.3 million through contributions from gas distribution and new plants. Net profit was €71.1 million. The dividend was confirmed at €0.08 per share.
- Recticel reported financial results for fiscal year 2010, with sales up 8% driven by growth in insulation and automotive. EBITDA was €104 million despite a €52.2 million increase in raw material costs.
- Net income was €14.4 million, down from €20.7 million the previous year due to €31.3 million in restructuring costs.
- All business lines saw increased sales except for bedding, which was impacted by the divestment of a subsidiary. Insulation grew sales 12.6% while automotive increased 12.2%.
Seen as one of the most effective ways to reduce climate-damaging greenhouse gas (GHG) emissions and drive clean-tech investment, carbon pricing policies are being employed by governments around the globe...
This document highlights Purchase College's rankings and accolades. It states that Purchase is ranked among Princeton Review's Best 377 Colleges and is #9 on the US News & World Report list of top public liberal arts colleges. It also makes Sierra Club's list of America's Coolest Schools as one of the greenest colleges. The document lists where some Purchase alumni have attended graduate school and examples of employers of Purchase graduates.
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.
The Hera Group approved its results for 2016, showing improvements in all economic, financial, and environmental indicators. Revenue decreased slightly but EBITDA grew 3.6% and net profits increased 14.8%. All business areas (gas, water, waste, electricity) saw higher EBITDA. Investments totaled €390 million while net debt decreased by €100 million. The company proposed a dividend of 9 cents per share.
The Hera Group approved positive H1 2012 results, with EBITDA up 5.7% and net profit up 7.8%. Revenues increased 15.9% due to higher gas and electricity sales and water service fees. EBITDA growth was driven by the water and gas businesses. The Group also approved a merger with Acegas Aps to create a larger multi-utility company.
The Hera Group reported increased revenues, EBITDA, net profits, and customer base for the first quarter of 2019 compared to the same period in 2018. Revenues grew 11.4% to €1.94 billion driven by higher sales and volumes in gas, electricity, and waste. EBITDA increased 2.5% to €330.8 million from growth in the water, gas, and waste business areas. Net profits grew 3.0% to €129.7 million. The company continued investments and acquisitions to support growth while maintaining a stable net debt level.
The Board of Directors of Hera Group approved the 2010 financial results, which showed strong growth. Revenues were €3.7 billion, EBITDA was €607.3 million (+7.1%), and net profit was €117.2 million (+65%). All business areas contributed to increased EBITDA. The dividend per share will increase 12.5% to 9 cents. The results demonstrate the success of Hera Group's strategy and continued focus on operating efficiency.
The Hera Group reported positive financial results for the first quarter of 2015, with revenues up 7.1% to €1.31 billion due to acquisitions. Net profit increased 3.8% to €92.5 million, helped by growth in the gas and water segments. Capital expenditures of €64.1 million reduced net debt from €2.64 billion at the end of 2014 to €2.56 billion at the end of the first quarter of 2015.
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 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 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.
Hera Board of Directors approves the Q3 figures at 30 September 2012Hera Group
The Hera Group reported positive financial results for Q3 2012, with revenues up 14.5% to €3.32 billion and EBITDA up 1.5% to €473.6 million. The gas business performed well due to improved margins and greater volumes. Regulated services like water and waste collection also showed good results despite macroeconomic challenges. Total investments were €183.8 million, and the net financial position was €2.11 billion, in line with projections.
The Hera Group approved positive 3Q 2017 results, with revenues up 11.4% to €4.027 billion and net profit increasing 28.6% to €182.9 million. All business areas contributed to growth, with the energy business performing strongly on higher power generation and default market sales. Investments totaled €277 million primarily in plants and networks. Net debt remained stable at €2.61 billion despite dividend payments and acquisitions.
The Hera Group saw improvements across key financial figures in the first half of 2015, with revenues up 6.1% to €2.21 billion, EBITDA rising 2.5% to €459.1 million, and net profit increasing 11.4% to €107.3 million. The gas segment performed strongly with EBITDA 14.2% higher, while water and waste management also contributed to growth. Net debt remained stable at €2.66 billion.
Chiffres clés au 31 mars 2015 - Conférence téléphonique du 7 mai 2015 (en ang...vefinance
- Veolia reported its key figures for the period ending March 31, 2015, with revenue of €6.305 billion, up 8.5% from the same period in 2014.
- EBITDA was €816 million, up 26.4% compared to 2014, driven by continued cost cutting and good growth outside of Europe.
- Net financial debt remained stable at €8.970 billion despite negative foreign exchange impacts of around €1 billion.
- Veolia confirmed its 2015 guidance targets for revenue growth, EBITDA and current EBIT growth, continued cost savings, and dividend coverage by current net income and free cash flow.
Analyst presentation: First Half 2012 ResultsHera Group
The document summarizes the H1 2012 results of Hera Group. It reported a 14.1% increase in EBITDA compared to H1 2011, driven by strong growth in the energy and water businesses. The waste business saw negative trends in Q1 but improved in Q2. Cash flow was sufficient to fund capital expenditures and acquisitions during the period. Overall, the results were above expectations due to strong performance in Q2 across business lines. The economic downturn had a limited impact on financials.
Finnish companies actively improved their energy efficiency between 2008-2016 through voluntary energy efficiency agreements. Over 650 companies implemented over 17,000 energy saving measures, resulting in annual energy savings of 15.4 TWh, cost savings of €529 million, and a reduction of 4.6 million tonnes of carbon dioxide emissions. Due to these measures, participating businesses are now more energy- and cost-efficient while producing fewer emissions.
The Hera Group approved its results for 2019, reporting increases in all key financial figures. Turnover rose 12.3% to €7.4 billion, EBITDA grew 5.2% to €1.1 billion, and net profits increased 35.5% to €402 million. Capital expenditures also rose to support infrastructure investment. The Group proposed a dividend of €0.10 per share and continued improving its sustainability performance.
Hera Group press release 2009 annual resultsHera Group
The Board of Directors of the Hera Group approved the 2009 financial results, which showed increased revenues, EBITDA, and EBIT despite the economic recession. Revenues increased 13.1% to €4.2 billion due to growth in electricity sales. EBITDA rose 7.4% to €567.3 million through contributions from gas distribution and new plants. Net profit was €71.1 million. The dividend was confirmed at €0.08 per share.
- Recticel reported financial results for fiscal year 2010, with sales up 8% driven by growth in insulation and automotive. EBITDA was €104 million despite a €52.2 million increase in raw material costs.
- Net income was €14.4 million, down from €20.7 million the previous year due to €31.3 million in restructuring costs.
- All business lines saw increased sales except for bedding, which was impacted by the divestment of a subsidiary. Insulation grew sales 12.6% while automotive increased 12.2%.
Seen as one of the most effective ways to reduce climate-damaging greenhouse gas (GHG) emissions and drive clean-tech investment, carbon pricing policies are being employed by governments around the globe...
This document highlights Purchase College's rankings and accolades. It states that Purchase is ranked among Princeton Review's Best 377 Colleges and is #9 on the US News & World Report list of top public liberal arts colleges. It also makes Sierra Club's list of America's Coolest Schools as one of the greenest colleges. The document lists where some Purchase alumni have attended graduate school and examples of employers of Purchase graduates.
California scholarship federation intro editedCurran Bhatia
This document outlines information about the California Scholarship Federation (CSF) at a high school, including its officer team, upcoming community service events, service project opportunities, induction ceremony details, requirements to earn cords and scholarships, and how to apply. The officer team is led by co-presidents Jane Li and Curran Bhatia. Upcoming events include races and runs that raise money for various causes. Students can propose and lead their own service activities. Requirements to join and stay in CSF include maintaining high grades and completing a minimum number of service hours each semester.
El documento presenta una encuesta sobre el uso de Tecnologías de la Información y la Comunicación (TIC) en la educación. La encuesta evalúa el grado de utilización, importancia didáctica, dificultades, expectativas de éxito y satisfacción de varias TIC, incluyendo portales educativos, software educativo, presentaciones multimedia, plataformas educativas, correo electrónico, redes sociales y más.
Want to learn more about Acquia’s products, services, and happenings in the Drupal Community? Visit our site: http://bit.ly/yLaHO5.
Higher Education institutions using the open source Content Management System Drupal are capitalizing on the opportunity to deliver digital experiences that are more personalized and relevant, and they're doing it faster than ever thought possible through the power of the assembled web.
One of the most successful digital platforms in higher education, Stanford Sites, was built leveraging Drupal. Combining community functionality with a shared services model, Stanford Sites allows campus members to easily build brand-standard sites that suit their individual needs. The platform in turn gives the university the ability to manage those sites at scale with governance and security in mind.
The central tenants of Stanford Sites are catching on, and we will also discuss dozens of other institutions using Drupal to build out centralized digital platforms. The presentation will help highlight opportunities for platforms by looking at your institution's digital landscape from a centralized lens. Learn about:
• Enhancing student, alumni and professor engagement
• Streamlining costs (& maintenance) of web properties
• Bringing content, community and commerce more tightly together
In this webinar Zach Chandler from Stanford University will discuss Stanford Sites, lessons learned during design and implementation and tips on building out a shared services model in a large, sprawling institution. Chris Hartigan, head of Acquia's higher education practice will also share key takeaways from Acquia's experience powering more than 500 higher education institutions around the world.
The Hera Group approved positive results for 2017, with improvements in all operating, financial, and sustainability indicators. Key highlights include:
- Turnover exceeded €6 billion, rising 10.3% due to factors like acquisitions and increased trading.
- EBITDA grew 7.4% to €984.6 million due to strong performances across all business areas, especially electricity.
- Net profits increased 21.1% to €266.8 million due to lower tax rates.
- Proposed dividends were raised to 9.5 cents per share.
The Hera Group reported positive financial results for the first nine months of 2019, with revenues increasing 16.4% to €5.06 billion and EBITDA rising 5% to €785.8 million. All business areas contributed to growth. Investments totaled €343.1 million, focusing on innovation, the circular economy, and network resilience. Net debt was essentially stable at €2.74 billion despite investments and dividends, with the net debt to EBITDA ratio declining to 2.57x.
Speech of Jose Manuel Entrecanales in the GMSacciona
1) ACCIONA had a positive 2015, overcoming difficult situations in recent years through an action plan that strengthened the company financially and organizationally.
2) Key financial figures for 2015 include €6.5 billion in revenue, €1.17 billion in EBITDA, and €207 million in net profit.
3) ACCIONA is well positioned to benefit from increasing global investment in renewable energy driven by commitments to reduce greenhouse gas emissions and decarbonize the economy.
The Hera Group reported positive results for the first half of 2019, with revenues increasing 13.6% to €3.37 billion and net profit growing 7.1% to €173.9 million. EBITDA rose 4.3% to €545.9 million due to growth in all business areas. The results were driven by organic growth in both regulated and free market activities as well as recent acquisitions. The financial position remained stable with a net debt to EBITDA ratio of 2.55x.
Hera Group Approves Business Plan to 2019Hera Group
The Hera Group approved a business plan to 2019 that aims to increase EBITDA to over €1 billion by 2019. The plan focuses on balanced growth through both internal improvements like efficiency initiatives and external growth like acquisitions. Key targets include revenue over €5.8 billion, EBITDA of €1.03 billion, capital expenditures of €2.2 billion, and a net debt to EBITDA ratio of 2.9x by 2019. The plan aims to strengthen Hera's position in a more competitive environment through sustainable growth.
The Hera Group approved a business plan to 2020 that forecasts €1.08 billion in EBITDA by 2020, a net increase of €200 million from 2015. The plan aims to increase organic growth and pursue external growth opportunities through mergers and acquisitions. Key priorities include efficiency, excellence, growth, innovation and agility. Total investments of nearly €2.5 billion are planned over 2016-2020, focusing on smart network infrastructure to support trends like Industry 4.0. The plan also targets improving financial ratios and increasing dividends per share to 10 cents by 2020.
Highlights
•Revenues of CHF 2.8 billion, up 5.3% (constant currency)
•Adjusted EBITDA of CHF 554 million, up 5.3% (constant currency)
•Adjusted operating income of CHF 420 million, up 4.9% (constant currency)
•Adjusted operating margin of 15.0%, in line with H1 2013 (constant currency)
•Restructuring expense net of tax of CHF 8 million
The document is a newsletter from Hera, an Italian utility company, discussing its 2015-2019 business plan. The plan calls for over 2.2 billion euros in investments over five years to exceed 1 billion euros in EBITDA by 2019. The plan relies on two pillars of growth - organic growth through efficiencies and market expansion, and external growth through acquisitions. Hera expects visible and sustainable growth despite regulatory and competitive challenges through reinvesting in areas of competitive strength like networks and waste.
The document provides an overview of Eni Group's results for 2008. Key points include:
- 2008 was an excellent year financially and operationally for Eni, with the company delivering on its targets and achieving sector-leading growth.
- Eni reported record net cash from operating activities of €21.8 billion which financed €18.9 billion in investments, including €14.6 billion for organic growth projects.
- Adjusted net profit increased 7.7% to €10.2 billion, driven by strong operating performance across business divisions, partly offset by higher taxes.
- Production grew 3.5% to 1,797 kboe/day while replacing over 135% of reserves
The Hera Group saw increases in key financial indicators for the first half of 2018 compared to the same period in 2017. Revenues increased 7.7% to €2,996.7 million driven by higher gas and electricity sales and waste management revenues. EBITDA rose 3.5% to €523.6 million and net profit for shareholders increased 12.1% to €158.1 million. The gas and waste management business areas contributed most to growth. Operating investments totaled €183.8 million, focused on infrastructure upgrades. The financial position remained stable with a slight increase in net debt.
The Hera Group reported strong financial results for the first half of 2010. Key highlights include:
- EBITDA grew 15.6% compared to the prior year, an increase of over €42 million. Net profit increased 33.8%, or €15.8 million.
- All business areas contributed positively to results. The waste business saw an EBITDA increase of €13 million and the gas business increased EBITDA by €18.4 million.
- Investments were reduced 16.5% from the prior year in line with the company's business plan. Strong cash flow and earnings allowed payment of dividends of almost €100 million in June.
- Management is confident results
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.
Hera Group approved a business plan to 2021 focused on growth through investments, innovation and agility. Key points:
- 2021 EBITDA projected to reach €1.135 billion, up €218 million from 2016
- Total investments of €2.9 billion to fuel growth and transition to circular economy and Utility 4.0 models
- Financial targets include net debt/EBITDA ratio below 3 and annual average profit/share growth of 5%
Eni is one of the largest integrated energy companies in the world, operating in sectors including oil and gas exploration and production, gas transportation and marketing, power generation, refining, chemicals, and oilfield services. It has a strong commitment to sustainable development. Key aspects of Eni's investment case include its unbeatable exploration success between 2008-2013, with plans for continued production growth and cash generation. It also aims to return its gas and power, refining and marketing, and chemicals businesses to profitability through various optimization strategies. Eni will pursue additional cash generation through portfolio flexibility and divestments totaling €11 billion through 2017.
This document is Hera Group's consolidated quarterly report as of March 31, 2014. It discusses Hera Group's mission and key financial highlights for the quarter. It also provides an overview of Hera Group's strategy of sector consolidation through acquisitions of multi-utility companies in neighboring regions, including recent acquisitions in Gorizia and Udine that expanded its presence in the Friuli region. The report discusses Hera Group's strategic focus on creating value through operating efficiency and economies of scale gained through business combinations and integration.
Repsol: Financial Results First Semester 2014Repsol
The earnings reflect a good performance of the company’s businesses as well as the success in obtaining a compensation agreement for the expropriation of YPF.
To find out more: http://ow.ly/Kc339
Hera Group - Consolidated quarterly report as at 30 september 2015Hera Group
The Hera Group showed improved operating results for the first nine months of 2015 compared to the same period of 2014. Revenues increased 8.5% to €3,246.4 million due to greater trading activities and volumes of gas and electricity sold. EBITDA rose 2.2% to €640.2 million and net profit increased 10.2% to €134.9 million. All key performance indicators, including operating profit, improved due to the Group's multi-business strategy. Changes in the scope of consolidation occurred through acquisitions and mergers.
Eni Group had an excellent year in 2008 both operationally and financially. Despite deteriorating market conditions late in the year, Eni delivered on its targets and achieved sector-leading growth. Net profit was €8.8 billion and adjusted net profit was €10.2 billion, up 7.7% from 2007. Exploration & Production achieved production growth of 3.5% and reserve replacement of 135%. Gas & Power consolidated its leading position in Europe. Looking forward, Eni will continue to focus on production growth and leadership in the European gas market while rewarding shareholders.
The Hera Group reported increased revenues, EBITDA, net profits, and other financial indicators for the first quarter of 2018 compared to the same period in 2017. Revenues increased 10.4% to €1,741.3 million driven by higher sales volumes and commodity trading. EBITDA grew 5.2% to €322.7 million through contributions from all business areas, particularly gas. Net profit for shareholders was €120.5 million, up 9.6% compared to the prior year quarter.
Gruppo Hera - Consolidated Financial Statements 2019Hera Group
The document provides an overview of Hera Group's consolidated financial statements for 2019. Some key points:
- Hera Group achieved growth in revenues, EBITDA, net profits and investments compared to 2018. EBITDA reached €1.085 billion, up 5.2% from the previous year.
- The main drivers of EBITDA growth were the gas, waste management and water business areas.
- Investments totaled €509 million, mainly to expand activities ahead of upcoming tenders for regulated services.
- Financial solidity was maintained with a net debt/EBITDA ratio of 2.48x.
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 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.
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.
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.
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 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
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.
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Newsletter Y2014
1. NEWS
Strong acceleration
in EPS, which records
a 19% annual growth
INDEX
Focus on
FY 2014 results02 New milestones in the M&A
growth path
Sixth certification asTop Employer
03 Hera and the Stock Exchange
Shareholder Base
Analyst Coverage
04
D
ear shareholders,
FY 2014 results, which present a
7.1% EBITDA growth and a 27.3%
increase in net profit post minorities,
are absolutely positive. They are even more
valuable when considering that the mild
winter temperatures have inevitably affected
both electricity consumptions and, even more,
gas demand. How could we counterbalance
an unfavourable external environment and
improve our earnings per share by 19%,
achieving a strong acceleration also compared
to the 2013 annual growth rate? We realise
that all the levers we used to execute our
Business Plan have properly worked. First
of all, a selective M&A policy allowed us to
rely on a wider size and generate relevant
synergies during the following integration
process. Moreover, we stuck to our multi-utility
model: that consistency, combined with the
choice to target areas that are close to Hera’s
reference territory, ensured the continuous
generation of new efficiencies coming from
the merger of newly-acquired companies: a
pattern proven by the AcegasAps integration
and once again confirmed by the Amga Udine
merger, effective from 1 July 2014. Another
key-factor in generating a healthy set of results
in 2014 was the commitment to leverage on
a well-balanced business portfolio, thanks
to a proper mix of regulated and liberalised
activities, with a 55%-45% ratio. Surely, even
the choice of keeping a limited exposure to
upstream activities proved to be rewarding;
otherwise we could not have avoided to be
negatively impacted by the commodity price
decrease occurred. Lastly, we have to recognize
that the strong marketing effort supported
volumes, through the expansion of the client
base, counterbalancing the weak demand that
reflects the economic downturn.
Full year 2014 results therefore reflect a good
operating management; however, they are also
the result of an effective management of the
finance area. The Debt-to-EBITDA ratio, equal to
3x, puts Hera among the best companies in the
industry; it also indicates the financial flexibility
available to fund future growth. Financial
strength, together with the new size we have
achieved and the strong cash flow generation,
confirms that we are competitively positioned
to catch attractive opportunities that may
arise in the sector consolidation process and in
distribution gas tenders. Given these premises,
we can distribute a 0.09 euro dividend per
share, providing continuity to our shareholder
remuneration policy, which is based on solid
fundamentals and aims to remain sustainable
over time.
Tomaso Tommasi di Vignano
Hera growth strategy, which produces
sound results over time, is at the heart of
an attractive shareholder remuneration.
CONSOLIDATED 2014
EBITDA GROWS BY 7.1%,
IN AN UNFAVOURABLE
ENVIRONMENT FOR GAS AND
ELECTRICITY VOLUMES.
Investors’ Newsletter www.gruppohera.it
Year 10, Issue 1
The information contained in this
newsletter is as at 24 March 2015
Message from the Executive Chairman of the Board
01
2013 2014
0
1,000
2,000
3,000
4,000
2013 2014
200
300
500
800
900
1.000
700
600
400
EBITDA m€Revenues m€
5,000
4,456.9
4,189.1
867.8
810.2
2. Focus on 2014 results
FY 2014
02
/// Some unfavourable factors characterised the external environment in 2014: particularly mild temperatures
experienced during the Winter and a decrease in the demand of electricity that reflects the still negative GDP
dynamics in Italy.
/// Such a challenging context has further highlighted the effectiveness of Hera’s business model, which leverages
on a well-balanced portfolio mix, and the healthy results generated by the M&A growth strategy, focused on
areas that are close to the reference territory. The benefits of diversifying the operating risk through the multi-
utility model and the synergies extracted from the integration of newly-consolidated companies are effectively
synthesized in the sizeable EBITDA increase.
I
n 2014 Hera consolidated EBITDA achieved a robust growth,
equal to 7.1%, which results even more significant if
considered in light of the 6.0% decline recorded at Revenues
level. The P&L headline has been mainly penalised by lower
volumes of gas sold, due to the extraordinary mild weather
conditions, and also by the decline in the commodity price,
which has affected the electric energy sales, in a period of falling
domestic demand.
Some positive drivers mitigated the Revenues’ decline, which
otherwise could have been larger: the 100% consolidation of the
Gorizia and Udine assets, the increase in treated waste and the
positive contribution of regulated businesses.
EBIT grows at a higher pace (+10.4%) than EBITDA,
notwithstanding the increase in Depreciation & Amortisation
(+3.9%), which is mainly due to new investments. The cost of
financial debt decreases thanks to the recent emissions at lower
rates than in 2013.
The adjusted tax rate declines from 44.8% to 40.2%, mainly as a
result of the 4 percentage point decrease in the Robin Hood Tax
that affects the Group energy companies.
Adjusted Net Profit, excluding the impact of “Other non-operating
revenues” posted in 2013, therefore climbs up to 181.2 million
euro, showing a 24.7% increase vs. 2013.
FY 2014
(figuresinmillioneuro)
The 7.1% improvement in
consolidated EBITDA reflects
the driving role of good
operating performances in
Electricity (+27.6%) and Water
(+12.2%). The Electric Energy
business benefited from a
sizeable expansion (+9.7%) in
the client base, higher sales’
margin, growing revenues
from the regulated distribution
services, on top of the wider
scope of consolidation that
included the Udine and Gorizia
assets. These positive factors
allowed to counterbalance
the impact of the decline in
volumes sold (-2.6%) due
to the demand fall and the
17.0% decrease in PUN (energy
price). Also the Water business
outperformed the average
EBITDA growth, thanks to the
application of the new tariff
system set by the AEEGSI (the
Italian Regulation Authority)
for the 2014-2015 period. The
EBITDA of the Gas area presents
a 3.9% increase despite the
marked fall in volumes sold
(-17.2%) due to 2014 mild
temperatures, which resulted
in being the highest over the
last 30 years: such negative
factor has been mitigated
by the complete acquisition
of Isontina Reti Gas and the
higher profitability of the
Certificates of Energy Efficiency.
Lastly, the Waste EBITDA
improves by 1.1%: volumes of
market waste grow by 5.8%,
driven by the sustained pace
(+10.6%) of special waste,
which is the result of an
active marketing, while urban
waste volumes grow by 1.3%,
benefiting from the weight
increase in differentiated
waste (up to 54.0% from
52.6%). The volume expansion
allowed to compensate for
the extraordinary stop that
occurred at two WTE plants.
n Waste
n Water
n Electricity
n Gas
n Other
2014 EBITDA Breakdown
25.0%12.8%
31.8%
27.9%
2.5%
REVENUES
4,189.1 (-6.0%)
EBITDA
867.8 (+7.1%)
EBIT
441.2 (+10.4%)
INVESTMENTS
348.6 (+10.0%),
of which 346.1 operating
NET FINANCIAL DEBT
2,640.4
EBITDA
Waste 239.3 241.8 +1.1%
Water 193.5 217.1 +12.2%
Gas 265.6 276.0 +3.9%
Electricity 87.3 111.4 +27.6%
Other 24.5 21.5 -12.2%
TOTAL 810.2 867.8 +7.1%
m€ 2013 2014 Change
3. News
03
Hera Comm Marche wins the tender
and is awarded 100% of Alento gas
On 26 January 2015 Hera has strengthened its presence in Abruzzo.
Hera Comm Marche, a company of the Hera Group, has been awarded
100% of Alento Gas, a gas sales company owned by the Municipality
of Francavilla (51%), close to Chieti, and French Company GDF Suez
Energie (49%), after submitting its bid in a tender process.
Starting from 26 January 2015, within the following 70 days the
Municipal Administration will verify the requirements’fulfilment in order
to finalise the contract that will complete the transaction.
Alento gas – Key-figures
Bid price 5.5 million euro
2013 EBITDA ca. 1 million euro
Current clients ca. 13,000
The acquisition of Alento Gas represents a further step in Hera’s
developments across the Adriatic axis and confirms the expansion
policy through the acquisition of utilities in areas that are close to the
Hera’s reference territory, by leveraging on a strong pre-existing local
position.
The completed acquisition of the business
of ecoenergy paves the way to the creation
of Herambiente recuperi
On 27 November 2014 Herambiente completed the acquisition of the
business of Ecoenergy, a Company in the Mantua province, leader in
the production of secondary solid fuels. The acquisition allowed Hera to
create Herambiente Recuperi.
Ecoenergy treats non-hazardous special waste, which is converted to
energy for thermoelectric and WTE plants, replacing fossil fuels.
Such acquisition enhances Herambiente leadership both in terms of
geography and from an operational perspective, thanks to the synergies
that will derive from the Ecoenergy integration.
ecoenergy – Key- figures
Bid price 10.5 million euro
2013 Revenues ca. 10 million euro
Current clients ca. 600
Treated waste 100,000 tons/year
solid organisation with strong
territorial positions across the different areas
In the case of Alento Gas, in the Adriatic area, the local role has been
successfully played by the subsidiary company, Hera Comm Marche,
while AcegasApsAmga, which starting from July 2014 has merged
Amga Udine, represent the garrison for the Triveneto territory. Lastly
Hera continues to play a role monitoring local opportunities in the Emilia
Romagna area.
New milestones
in the M&A growth path
Last February Hera
was awarded the 2015
Top Employer Institute
certification, which
is only accessible to
organizations that present high qualitative
standard in conditions.
The 2015 assessment process has evaluated
963 companies in 99 Countries. Hera
resulted in being the only other company
in the world, together with Abbot, to be
awarded with the certification for the
sixth year in a row, while assessment
requirements have become more and more
demanding over time.
Hera is furthermore the sole multi-utility
awarded.
The research, independently conducted
by Top Employer Institute, has identified
Hera excellence areas in training and
development policies, which embrace all
organization levels, and in the strategies of
HR management, where Hera is committed
to a continuous improvement.
“We are very proud of such certification; Hera has always ranked
among the organizations that invest more in people, training and
corporate welfare”.
HERA CERTIFIED AS TOP EMPLOYER
Udine - The Castle
/// Thanks to high standard in managing Human Resources, Hera
achieves the prestigious certification for the sixth year in a row
Giancarlo Campri – Personnel and Organisation
Head Director
4. Hera share
04
Hera share continued to significantly outperform the Italian stock market, as shown by
the chart rebasing to 100 on 2 January 2014 both the FTSE Italy all-Share Index and the
share price. Since the last issue of the newsletter (on 12 November 2014), despite good Q3
results were welcome, the Hera share price has slightly decreased in late November – early
December, when the track of political reforms in Italy looked to find some difficulties. The
approval of the Jobs Act decree and the expectations of a supportive ECB intervention in
terms of monetary policy – then confirmed by the launch of a robust Quantitative Easing
program – paved the way, at the beginning of 2015, to a new uptrend that has led the Hera
share price to reach a new high of 2.22 euro on 24 February.
During 2014 the Hera shareholder could benefit from a sizeable return (Total Shareholder
Return), considering the 17.9% capital gain in the 12.31.2013 – 12.31.2014 period, with the
price moving from 1.65 up to 1,945 euro. On top of the capital gain, the shareholder also
benefited from a 0.09 euro dividend, which represents a 5.5% dividend yield on the 2013
year-end price.
After the release of Q4 2014 results, most brokers
covering the Hera stock have improved their
respective valuations, reflecting in their models
the positive impact of both sound Company’s
fundamentals and low interest rates’outlook
supported by the QE program launched by the ECB.
The consensus target price - calculated as the
average of the 8 analysts’target prices - therefore
increased by 6.3%, moving from 2.39 to 2.55
euro.The picture of ratings presents 7 buying
recommendations (namely 6 Buy and 1 Outperform)
and 1 Neutral rating. No broker recommends to
sell the Hera stock.The share price dynamics hence
continue to be supported by a strong sell-side
consensus, since analysts indicate that the stock is
undervalued at present price levels.
Analyst Coverage
Financial Calendar
2015 /// 24 March 2015
BoD for FY 2014 results
/// 28 April 2015
Annual Shareholders’Meeting
/// 13 May 2015
BoD for the approval
of Q1 2015 results
/// 26 August 2015
BoD for the approval
of H1 2015 results
/// 11 November 2015
BoD for the approval
of 9M 2015 results
Hera share
Price as at 23 March 2015: 2.24 €
High-Low 365 dd: 2.24-1.85 €
No. outstanding shares: 1,489,538.745
Mkt. Cap.: 3.33 bn €
Consensus target price: 2.55 €
(source: broker research)
Hera’s stock index membership
FTSE Italia |All-Share Capped + All-Share+ Mid Cap + Servizi Pubblici
STOXX|Total Market Index+Europe+Europe ex-UK+Italy
STOXX|TMI+Europe nei segmenti: Utilities, Gas-Water & Multiutilities, Value
Axia Ethical / Kempen SNS Smaller Europe SRI Index
FTSE ECPI | Italia SRI Benchmark + Italia SRI Leaders + Ethical Index EMU
n Bologna municipalities
n Modena municipalities
n Trieste municipalities
n Padova municipalities
n Ferrara municipalities
n Udine municipalities
n Other Romagna
municipalities
n Private shareholders’pact
n Free float
Shareholders
Banca Akros 2.60 Buy
Banca IMI 2.70 Buy
Equita 2.40 Buy
Fidentiis Equities 2.50 Buy
Goldman Sachs 2.95 Buy
Intermonte 2.25 Neutral
Kepler Cheuvreux 2.40 Buy
Mediobanca 2.60 Outperform
Average 8 brokers 2.55
Target price € RatingBroker
/// CONTActs
Head of Investor Relations
Jens K. Hansen
T.+39 051 287737
jens.hansen@gruppohera.it
/// Thenextissueofthisnewsletter
willbeon13May2015.
/// HeraNews
Managed by
JensK.Hansen
Concept and editorial contents
BlueArrow,Milano
Graphics
momaStudio,Milan
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23 March 2015
n FTSE Italia All-share Index n Hera
Hera’s stock price since beginning 2014
Heravs.FTSEItaliaAll-shareIndex–Performancesincebeginning2014
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