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.
In the first 9 months of 2009:
- The group's EBITDA grew 11.3% to €390.1 million, mainly driven by regulated activities in the energy sector which accounted for 80% of organic growth.
- New waste-to-energy plants in Modena, Ferrara, and Forlì began contributing to results in Q3 and increased total waste treated.
- Revenue increased 19.9% to €3.121 billion, with higher energy sales and commodity prices the main contributors.
- Excluding one-time "fiscal moratoria" charges, net profit was up 18.8% as regulated tariff increases in water and waste offset effects of an
Hera 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.
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.
1. EDP Brasil reported a 7.6% decrease in net revenue in 1Q09 compared to 1Q08, but manageable expenses decreased 17.4%. EBITDA was down 11.3% while adjusted EBITDA rose 7.9%.
2. Generation business saw a 23% increase in energy volume sold due to an asset swap operation, but net revenue grew only 6.5% due to lower dispatch. Distribution saw a decrease in captive industrial customers offset by growth in residential and commercial as well as lower free customer consumption.
3. The company continues its focus on efficiency and cash flow generation through expense reductions and expansion projects.
Hera achieved record organic growth and economic results in 2008 despite challenging market conditions. Key drivers included higher tariffs, cost reductions, and contributions from new plants. The company is well positioned with a solid competitive platform and financial structure. Hera's business plan to 2011 targets further growth through upstream integration, efficiency gains, and visible drivers across its businesses, including new waste and power plants, tariff increases, and electricity sales expansion. The plan aims to increase returns while maintaining a balanced portfolio and strong financial profile."
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
TIM reported its 1Q09 results, focusing on restructuring, economics pressures, and priorities for 2Q09. Key accomplishments in the restart phase included cleaning up over 1 million inactive customer lines, resolving a dispute with Embratel that improved cash flow, and improving network quality to become the #2 operator. TIM also continued efficiency initiatives and signed an acquisition that will help capture synergies going forward. However, revenues remained flat due to customer base erosion in post-paid and declining pre-paid usage. Priorities for 2Q09 include focusing on value and reducing customer turnover.
The document provides a comparison of Equatorial's balance sheet under Brazilian GAAP and IFRS standards as of 4Q09. Key differences include adjustments to reclassify certain assets as current or non-current, adjustments to provisions, taxes, and regulatory assets and liabilities. Adopting IFRS standards resulted in decreases to reported current and non-current assets as well as current and non-current liabilities.
In the first 9 months of 2009:
- The group's EBITDA grew 11.3% to €390.1 million, mainly driven by regulated activities in the energy sector which accounted for 80% of organic growth.
- New waste-to-energy plants in Modena, Ferrara, and Forlì began contributing to results in Q3 and increased total waste treated.
- Revenue increased 19.9% to €3.121 billion, with higher energy sales and commodity prices the main contributors.
- Excluding one-time "fiscal moratoria" charges, net profit was up 18.8% as regulated tariff increases in water and waste offset effects of an
Hera 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.
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.
1. EDP Brasil reported a 7.6% decrease in net revenue in 1Q09 compared to 1Q08, but manageable expenses decreased 17.4%. EBITDA was down 11.3% while adjusted EBITDA rose 7.9%.
2. Generation business saw a 23% increase in energy volume sold due to an asset swap operation, but net revenue grew only 6.5% due to lower dispatch. Distribution saw a decrease in captive industrial customers offset by growth in residential and commercial as well as lower free customer consumption.
3. The company continues its focus on efficiency and cash flow generation through expense reductions and expansion projects.
Hera achieved record organic growth and economic results in 2008 despite challenging market conditions. Key drivers included higher tariffs, cost reductions, and contributions from new plants. The company is well positioned with a solid competitive platform and financial structure. Hera's business plan to 2011 targets further growth through upstream integration, efficiency gains, and visible drivers across its businesses, including new waste and power plants, tariff increases, and electricity sales expansion. The plan aims to increase returns while maintaining a balanced portfolio and strong financial profile."
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
TIM reported its 1Q09 results, focusing on restructuring, economics pressures, and priorities for 2Q09. Key accomplishments in the restart phase included cleaning up over 1 million inactive customer lines, resolving a dispute with Embratel that improved cash flow, and improving network quality to become the #2 operator. TIM also continued efficiency initiatives and signed an acquisition that will help capture synergies going forward. However, revenues remained flat due to customer base erosion in post-paid and declining pre-paid usage. Priorities for 2Q09 include focusing on value and reducing customer turnover.
The document provides a comparison of Equatorial's balance sheet under Brazilian GAAP and IFRS standards as of 4Q09. Key differences include adjustments to reclassify certain assets as current or non-current, adjustments to provisions, taxes, and regulatory assets and liabilities. Adopting IFRS standards resulted in decreases to reported current and non-current assets as well as current and non-current liabilities.
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.
The document provides operating and financial results for Equatorial Energia for 1Q12. Key highlights include:
- CEMAR's billed energy volume increased 12.2% year-over-year to 1,119 GWh. Energy losses decreased 0.9 percentage points to 20.7%.
- Net operating revenues increased 32.1% to R$545.8 million and EBITDA grew 17.9% to R$132.5 million.
- Net income was R$48.1 million, a decrease of 40.9% compared to 1Q11.
- Total investments increased 47.4% to R$118.5 million, with CEMAR's own cape
Viacom reported its third quarter 2001 results, with pro forma revenues of $5.7 billion and pro forma EBITDA of $1.3 billion. Four of its six operating segments saw revenue increases, led by 19% growth in cable networks and video. Pro forma free cash flow totaled $883 million, equal to 66% of EBITDA. While results were impacted by lower revenues and higher costs from 9/11 events, the company remains on track for a record year with free cash flow approaching $3 billion. Segment results were mixed, with cable networks, video and publishing seeing revenue and EBITDA gains, while television, infinity and entertainment declined from prior year.
Vivo Participações S/A reported financial results for 4Q08 and full year 2008. In 4Q08, net service revenue increased 27% to R$3.8 billion while net income increased 722% to R$215.5 million. For 2008, net service revenue grew 25% to R$13.8 billion and net income was R$389.7 million, an improvement from a loss in 2007. Vivo increased its customer base by 7.5 million in 2008 and saw growth in data revenue and margins, however ARPU declined. Capex was focused on expanding network capacity and coverage.
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.
Viacom reported record first quarter 2001 results, with revenues increasing 90% to $5.75 billion and EBITDA up 145% to $1.15 billion. Key segments like Cable Networks, Television, and Infinity saw significant revenue and EBITDA gains compared to the previous year. On a pro forma basis, revenues rose 6% to $5.77 billion while EBITDA grew 15% to $1.15 billion. The company expects continued strong growth over the rest of 2001, forecasting 20% annual EBITDA growth.
The document provides operating and financial results for Equatorial Energia for 3Q10. Some key highlights include:
- CEMAR's billed energy volume increased 10.2% year-over-year to 1,072 GWh in 3Q10. Energy losses at CEMAR improved to 22.2% in 3Q10.
- Consolidated net operating revenues increased 30.6% to R$393.9 million in 3Q10 compared to 3Q09. EBITDA grew 27.6% to R$186.0 million.
- Net income increased 6.0% to R$65.3 million in 3Q10 versus the prior year period. Invest
- Third quarter earnings per share were $1.25 compared to $1.11 in the prior year, though comparable earnings were $1.22 versus $1.14 due to lower than expected rental revenue.
- Fleet Management Solutions revenue grew 11% due to acquisitions and contractual growth, though earnings were impacted by lower commercial rental results.
- Supply Chain Solutions earnings declined 27% due to international operations and a new U.S. start-up, while Dedicated Contract Carriage earnings grew 7% on improved performance.
- Year-to-date comparable earnings per share were $3.40 compared to $3.04 in the prior year, with segment earnings growth across most business
This document is the consolidated statement of operations and financial position for DTE Energy Company and its subsidiaries for the fourth quarter and full year of 2003. Some key highlights include:
- For the full year 2003, net income was $521 million compared to $586 million in 2002, a decrease of 18%. Earnings per diluted share were $3.09 compared to $3.55 in 2002, a decrease of 13%.
- For the fourth quarter of 2003, net income was $229 million compared to $203 million in 2002, an increase of 13%. Earnings per diluted share were $1.36 compared to $1.21 in 2002, an increase of 13%.
- Total operating revenues
- Comcast reported increased revenue, operating cash flow, and operating income for Q1 2009 compared to Q1 2008. Revenue grew 5% to $8.8 billion while operating cash flow grew 8% to $3.4 billion and operating income grew 16% to $1.8 billion.
- EPS grew 13% to $0.27 per share from $0.24 in Q1 2008. Adjusted EPS, which excludes a one-time gain, grew 42% to $0.27.
- Free cash flow increased 95% to $1.4 billion driven by lower capital expenditures and growth in operating cash flow.
The document provides an overview of operating and financial results for 3Q12. Key highlights include:
- CEMAR's billed energy volume grew 5.8% year-over-year to 1,213 GWh in 3Q12.
- Net operating revenues increased 30.4% to R$650.3 million in 3Q12, reflecting growth at CEMAR and the Sol Energias merger.
- EBITDA rose 7.5% to R$141.5 million in 3Q12 compared to the adjusted prior year period.
- Tele Celular Sul Participações S.A. announced its first quarter 2000 results, with consolidated net profit of R$11.8 million.
- Key highlights included 133,500 gross additions in the quarter, maintaining an 85% market share, and EBITDA of R$61.1 million with a margin of 32%.
- The company continued investing in expanding and digitalizing its network, with 84% of base stations now digital.
Equatorial Energia reported its operating and financial results for the second quarter of 2010. Key highlights include:
1) CEMAR's total energy sales increased 29% compared to the second quarter of 2009, reaching 1,020 GWh. CEMAR's energy losses over the last 12 months decreased to 22.2% from 28.1% in the second quarter of 2009.
2) Equatorial Energia's consolidated net operating revenues increased 20.3% compared to the second quarter of 2009, totaling R$315.8 million. EBITDA increased 22.5% to R$113.4 million.
3) Net income increased 30.5% to R$44.
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.
This document provides a summary of Northrop Grumman Corporation's Q4 and full year 2007 financial results. It highlights sales growth of 10% for Q4 and 6% for the full year. Segment operating margins increased 40 basis points for Q4 and 120 basis points for the full year. Earnings per share grew 2% for Q4 and 16% for the full year. The company also achieved record cash from operations of $2.9 billion and free cash flow of $2.1 billion for 2007. Positive trends are expected to continue into 2008 with projected sales of $33 billion and increases in other key financial metrics.
1H 2010 Consolidated Results:
Flavio Cattaneo, l’AD di Terna commenta i risultati di Terna al 30 giugno: crescita a due cifre, volano gli investimenti. “Un 2010 superiore alle attese” .
Crescita a doppia cifra degli indicatori economici con i ricavi a quota 761 milioni di euro, in crescita di circa il 14% rispetto al primo semestre del 2009, il Margine Operativo Lordo a 569 milioni con un incremento del 12% e l’Utile Netto a 234 milioni, in aumento del 27%
Sono numeri importanti, approvati nel CDA sui conti semestrali di Terna, commentati così da Flavio Cattaneo “I risultati del primo semestre sono molto positivi. Stimiamo un 2010 superiore alle attese.”
Terna annuncia anche che, grazie alla maggiore efficienza nell’approvvigionamento delle risorse dei servizi di dispacciamento, con una riduzione del 50%, la Società riceverà un incentivo di 38,5 milioni di euro e un risparmio per il sistema elettrico di 15 volte superiore.
Ecco il link per scaricare la presentazione
1H 2010 Consolidated Results (26 Luglio 2010)
(Fonte: Terna WebMagazine)
Social Media Communication
Phinet
Roma Italia
Alessandra Camera
a.camera@phinet.it
1) The document provides an earnings conference call forecast for Q4 2007 and full year 2008. It includes details on Q4 2007 results, 2008 forecasts, and questions and answers.
2) Key highlights of Q4 2007 results include earnings per share of $1.24, up 15% from prior year. Operating revenue was up 4% and total revenue up 5%.
3) The forecast expects continued growth in 2008 from contractual revenue increases and favorable foreign exchange rates across all business segments.
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.
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.
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'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 positive results in the first half of 2010, with EBITDA up 15.6% and net profit up 33.8% compared to the first half of 2009. All business lines contributed positively, with waste and gas posting the largest earnings growth. Capex was reduced by 16.5% while maintaining a positive cash flow. Volume increases across business lines, cost efficiencies, and the contribution of new assets supported the improved performance.
Hera Group reported 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.
The document provides operating and financial results for Equatorial Energia for 1Q12. Key highlights include:
- CEMAR's billed energy volume increased 12.2% year-over-year to 1,119 GWh. Energy losses decreased 0.9 percentage points to 20.7%.
- Net operating revenues increased 32.1% to R$545.8 million and EBITDA grew 17.9% to R$132.5 million.
- Net income was R$48.1 million, a decrease of 40.9% compared to 1Q11.
- Total investments increased 47.4% to R$118.5 million, with CEMAR's own cape
Viacom reported its third quarter 2001 results, with pro forma revenues of $5.7 billion and pro forma EBITDA of $1.3 billion. Four of its six operating segments saw revenue increases, led by 19% growth in cable networks and video. Pro forma free cash flow totaled $883 million, equal to 66% of EBITDA. While results were impacted by lower revenues and higher costs from 9/11 events, the company remains on track for a record year with free cash flow approaching $3 billion. Segment results were mixed, with cable networks, video and publishing seeing revenue and EBITDA gains, while television, infinity and entertainment declined from prior year.
Vivo Participações S/A reported financial results for 4Q08 and full year 2008. In 4Q08, net service revenue increased 27% to R$3.8 billion while net income increased 722% to R$215.5 million. For 2008, net service revenue grew 25% to R$13.8 billion and net income was R$389.7 million, an improvement from a loss in 2007. Vivo increased its customer base by 7.5 million in 2008 and saw growth in data revenue and margins, however ARPU declined. Capex was focused on expanding network capacity and coverage.
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.
Viacom reported record first quarter 2001 results, with revenues increasing 90% to $5.75 billion and EBITDA up 145% to $1.15 billion. Key segments like Cable Networks, Television, and Infinity saw significant revenue and EBITDA gains compared to the previous year. On a pro forma basis, revenues rose 6% to $5.77 billion while EBITDA grew 15% to $1.15 billion. The company expects continued strong growth over the rest of 2001, forecasting 20% annual EBITDA growth.
The document provides operating and financial results for Equatorial Energia for 3Q10. Some key highlights include:
- CEMAR's billed energy volume increased 10.2% year-over-year to 1,072 GWh in 3Q10. Energy losses at CEMAR improved to 22.2% in 3Q10.
- Consolidated net operating revenues increased 30.6% to R$393.9 million in 3Q10 compared to 3Q09. EBITDA grew 27.6% to R$186.0 million.
- Net income increased 6.0% to R$65.3 million in 3Q10 versus the prior year period. Invest
- Third quarter earnings per share were $1.25 compared to $1.11 in the prior year, though comparable earnings were $1.22 versus $1.14 due to lower than expected rental revenue.
- Fleet Management Solutions revenue grew 11% due to acquisitions and contractual growth, though earnings were impacted by lower commercial rental results.
- Supply Chain Solutions earnings declined 27% due to international operations and a new U.S. start-up, while Dedicated Contract Carriage earnings grew 7% on improved performance.
- Year-to-date comparable earnings per share were $3.40 compared to $3.04 in the prior year, with segment earnings growth across most business
This document is the consolidated statement of operations and financial position for DTE Energy Company and its subsidiaries for the fourth quarter and full year of 2003. Some key highlights include:
- For the full year 2003, net income was $521 million compared to $586 million in 2002, a decrease of 18%. Earnings per diluted share were $3.09 compared to $3.55 in 2002, a decrease of 13%.
- For the fourth quarter of 2003, net income was $229 million compared to $203 million in 2002, an increase of 13%. Earnings per diluted share were $1.36 compared to $1.21 in 2002, an increase of 13%.
- Total operating revenues
- Comcast reported increased revenue, operating cash flow, and operating income for Q1 2009 compared to Q1 2008. Revenue grew 5% to $8.8 billion while operating cash flow grew 8% to $3.4 billion and operating income grew 16% to $1.8 billion.
- EPS grew 13% to $0.27 per share from $0.24 in Q1 2008. Adjusted EPS, which excludes a one-time gain, grew 42% to $0.27.
- Free cash flow increased 95% to $1.4 billion driven by lower capital expenditures and growth in operating cash flow.
The document provides an overview of operating and financial results for 3Q12. Key highlights include:
- CEMAR's billed energy volume grew 5.8% year-over-year to 1,213 GWh in 3Q12.
- Net operating revenues increased 30.4% to R$650.3 million in 3Q12, reflecting growth at CEMAR and the Sol Energias merger.
- EBITDA rose 7.5% to R$141.5 million in 3Q12 compared to the adjusted prior year period.
- Tele Celular Sul Participações S.A. announced its first quarter 2000 results, with consolidated net profit of R$11.8 million.
- Key highlights included 133,500 gross additions in the quarter, maintaining an 85% market share, and EBITDA of R$61.1 million with a margin of 32%.
- The company continued investing in expanding and digitalizing its network, with 84% of base stations now digital.
Equatorial Energia reported its operating and financial results for the second quarter of 2010. Key highlights include:
1) CEMAR's total energy sales increased 29% compared to the second quarter of 2009, reaching 1,020 GWh. CEMAR's energy losses over the last 12 months decreased to 22.2% from 28.1% in the second quarter of 2009.
2) Equatorial Energia's consolidated net operating revenues increased 20.3% compared to the second quarter of 2009, totaling R$315.8 million. EBITDA increased 22.5% to R$113.4 million.
3) Net income increased 30.5% to R$44.
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.
This document provides a summary of Northrop Grumman Corporation's Q4 and full year 2007 financial results. It highlights sales growth of 10% for Q4 and 6% for the full year. Segment operating margins increased 40 basis points for Q4 and 120 basis points for the full year. Earnings per share grew 2% for Q4 and 16% for the full year. The company also achieved record cash from operations of $2.9 billion and free cash flow of $2.1 billion for 2007. Positive trends are expected to continue into 2008 with projected sales of $33 billion and increases in other key financial metrics.
1H 2010 Consolidated Results:
Flavio Cattaneo, l’AD di Terna commenta i risultati di Terna al 30 giugno: crescita a due cifre, volano gli investimenti. “Un 2010 superiore alle attese” .
Crescita a doppia cifra degli indicatori economici con i ricavi a quota 761 milioni di euro, in crescita di circa il 14% rispetto al primo semestre del 2009, il Margine Operativo Lordo a 569 milioni con un incremento del 12% e l’Utile Netto a 234 milioni, in aumento del 27%
Sono numeri importanti, approvati nel CDA sui conti semestrali di Terna, commentati così da Flavio Cattaneo “I risultati del primo semestre sono molto positivi. Stimiamo un 2010 superiore alle attese.”
Terna annuncia anche che, grazie alla maggiore efficienza nell’approvvigionamento delle risorse dei servizi di dispacciamento, con una riduzione del 50%, la Società riceverà un incentivo di 38,5 milioni di euro e un risparmio per il sistema elettrico di 15 volte superiore.
Ecco il link per scaricare la presentazione
1H 2010 Consolidated Results (26 Luglio 2010)
(Fonte: Terna WebMagazine)
Social Media Communication
Phinet
Roma Italia
Alessandra Camera
a.camera@phinet.it
1) The document provides an earnings conference call forecast for Q4 2007 and full year 2008. It includes details on Q4 2007 results, 2008 forecasts, and questions and answers.
2) Key highlights of Q4 2007 results include earnings per share of $1.24, up 15% from prior year. Operating revenue was up 4% and total revenue up 5%.
3) The forecast expects continued growth in 2008 from contractual revenue increases and favorable foreign exchange rates across all business segments.
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.
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.
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'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 positive results in the first half of 2010, with EBITDA up 15.6% and net profit up 33.8% compared to the first half of 2009. All business lines contributed positively, with waste and gas posting the largest earnings growth. Capex was reduced by 16.5% while maintaining a positive cash flow. Volume increases across business lines, cost efficiencies, and the contribution of new assets supported the improved performance.
Hera Group reported financial results for the first 9 months of 2009. Key points:
- EBITDA grew 11.3% to €390.1 million, driven by regulated activities which contributed 80% of organic growth. New waste-to-energy plants also contributed.
- Net profit declined 12.8% to €49.3 million due to €23.5 million in extraordinary fiscal charges in Q3. Excluding these charges, net profit rose 18.8%.
- Revenue increased 19.9% to €3.121 billion mainly from energy sales, trading development, and higher commodity prices.
- Capex totaled €284.9 million, with 35% for development
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.
This document contains forward-looking statements about Telecom Italia Group's financial results and performance. It warns that actual results may differ from projections due to various risks and uncertainties outside of the company's control. The document then provides an agenda for discussing Telecom Italia Group's 2009 progress, with a focus on its domestic Italian business and TIM Brasil subsidiary. Key highlights included achieving operating free cash flow and domestic cost efficiency targets.
Analyst presentation: first Half 2009 ResultsHera Group
Hera achieved double digit growth in net profit in the first half of 2009, driven by expansion in electricity sales and trading as well as regulated tariff increases. Earnings were also supported by contributions from new waste-to-energy plants. Capex was on schedule to support growth strategies, while debt increased due to dividends, acquisitions, and working capital needs from higher sales. The company aims to continue profitable growth by leveraging its regulated utilities and pursuing new opportunities in waste and energy.
Hera Group press release q1 2010 resultsHera Group
The HERA Group approved its interim results for the first quarter of 2010, which showed growth in operating results driven by its waste management and energy businesses. While revenues decreased 18.2% due to reduced electricity trading and commodity prices, EBITDA grew 11.1% and net profit increased 7.8% due to improved performance in waste management, water, gas, and electricity. The company's net financial position remained stable compared to the end of 2009, and all business areas showed increased margins.
Analyst presentation: first Half 2008 ResultsHera Group
H1 2008 results saw double digit growth rates for Hera Group, with EBITDA up 22.2%. Growth was underpinned by internal drivers like tariff increases and new plants coming online, as well as M&A activity. All business lines experienced growth, with gas returning to normal contributions after a mild winter. Operating capex was high but still allowed for positive free cash flow. Net financial debt was substantially in line with Q1 levels.
The Hera Group reported increased revenues, EBITDA, EBIT, pre-tax profit, and net profit for the first quarter of 2009 compared to the same period in 2008, despite an economic slowdown. Revenues increased 28.5% to €1,287 million, EBITDA rose 8% to €166.6 million, and net profit grew 6.7% to €48.8 million. The electricity and gas areas saw particularly strong growth due to increased sales volumes, while waste management profits fell slightly due to lower waste volumes from manufacturing.
Hera reported resilient first quarter 2009 results, with revenue growth of 28.1% and net profit growth of 6.7% compared to Q1 2008. Organic growth was achieved through market expansion in the energy business and regulated activities. The economic downturn impacted consumption volumes by 4-5% compared to Q1 2008. Capex and net financial debt for the quarter were in line with expectations. Overall the results demonstrated the company's ability to effectively tackle the impacts of the economic downturn through its business mix and market expansion strategy.
This document summarizes the financial results of Vivo Participações S.A. for the first quarter of 2009. Key highlights include a 21.4% increase in net service revenue compared to the same period last year. EBITDA grew 25.2% year-over-year with an EBITDA margin of 29.9%. Data and value-added services revenue increased 29% and now make up 12.1% of net service revenue. Total customers increased by over 7 million compared to the previous quarter. Capex was focused on increasing network capacity and expanding 3G coverage.
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.
Informa reported strong financial results for 2011, with organic revenue growth of 3.9% and adjusted operating profit growth of 7.9%. Subscription revenues now make up 36% of total revenues, up from 30% in 2008. 74% of publishing revenues are fully digitized. The number of large events increased by 22% and emerging markets now represent 14% of total revenues, up from 12% in 2010. The integration of acquired companies like Datamonitor is progressing well. Informa expects continued growth in 2012 above market averages, supported by subscriptions, large events, and geographic expansion.
The Hera Group Board of Directors approved financial results for the first nine months of 2008, showing growth across key metrics. Revenues increased 30.7% to €2,556.5 million, EBITDA rose 17.1% to €350.4 million, and EBIT grew 16.8% to €180 million. All business areas achieved increased profits, with the waste management area contributing most to EBITDA at 37.2% and revenues growing 13.5%. The company expects to meet full-year targets for growth and profitability.
- Albemarle Corporation's earnings presentation covered Q4 2008 results as well as full year 2008 results.
- Q4 2008 net sales were down 13.6% compared to Q4 2007, operating profit declined 122.7%, and net income declined 77.6%. Full year 2008 results saw net sales increase 5.6% while operating profit declined 28.7% and net income declined 15.5% compared to 2007.
- Results were negatively impacted by lower volumes across key end markets as well as increased raw material and energy costs. The company has taken steps to reduce costs and restructure operations.
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.
Similar to Results 2009 projection and analyst (20)
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
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.
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
The world of blockchain and decentralized technologies is about to witness a groundbreaking event. ZKsync, the pioneering Ethereum Layer 2 network, has announced the highly anticipated airdrop of its native token, ZK. This move marks a significant milestone in the protocol's journey, empowering the community to take the reins and shape the future of this revolutionary ecosystem.
Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
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).
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.
1. Hera Group results
Analyst presentation 29th March, 2010
www.gruppohera.it
2. Overcome crisis with growing results
Hera achieved positive growth despite assets and know how) was established to
economic slown down through actions better exploit further market and M&A
on both internal and external growth growth potentials (e.g. WTE
drivers. infrastructural Gap in Italy).
Liberalised market expansion strategy Debt maturity extended through a 500
achieved good results taking advantage m€ bond issued last November.
from favorable energy procurement prices
and market opportunities. The capex plan still leaves WTE in
Rimini to be completed in 2010, whilst
Regulated businesses results benefit the peak load energy plant in Ortona will
from tariff increases and favorable be completed by year end.
climate conditions fully offsetting demand
slow down (Energy distribution and Water M&A progressed with the acquisition
mgmt services). of Gas and Distr. Heat. networks
(funded with capital increase) and of the
Group structure was streamlined first 25% stake in Aimag multi-utility
transforming LOC into organizational units active in strategic contiguous territories.
and Herambiente (spin off Waste mgmt
Foreword 1
3. Positive and growing bottom line (excl. “Moratoria”)
Profit and Loss
Market expansion and tariff Benefitting from both reg.
M€ 2008 2009 Ch.% increases offset slow down and liberalised businesses,
of demand and prices. with Gas posting most
Revenues 3,792.0 4,285.1 +13.0%
relevant growth.
Ebitda 528.3 567.3 +7.4%
D&A (247.6) (276.0) +11.5%
Capex and new plant started up increased D&A.
Ebit 280.7 291.3 +3.8%
Net fin. int. and other (87.7) (87.8) +0.2%
IAS interest* (4.2) (13.2) Lower interest rates underpin net fin. int. on debt and
Interest on Fiscal Morat. 0.0 (12.3) affected non-cash IAS interests (accrued in provisions).
Fiscal Moratoria 0.0 (15.3)
“One off” Fiscal Moratoria accounts for 27.6 m€.
Pre tax Profit 188.9 162.6 (13.9%)
Tax (78.6) (77.6) (1.3%)
Tax rate -41.6% -47.7% Tax rate affected by 2008 2009
Fiscal Moratoria (not
Group Net Profit 110.3 85.0 (22.9%) Pretax reported 188.9 162.6
deductible for 15.3 m€)
Minorities (15.5) (13.9) (10.2%) Fiscal Moratoria - 27.6
and increased Robin Tax. Pretax adj. 188.9 190.2
Net Profit 94.8 71.1 (25.1%) Tax adj. - 78.6 - 81.0
minorities - 15.5 - 13.9
Net profit adj. 94.8 95.3 +0.5% Net profit adj. 94.8 95.3
* IAS figurative interests ("no cash out") related to provisions
Positive results even though economic slow down affected all businesses
Profit & Loss 2
4. Ebitda growth leveraging upon all growth drivers
Ebitda Growth Drivers (M€) Consistent strategy underpin constant growth
+14.6 567.3 M&A: relates to the acquisition of Gas and
D.H. networks (16 m€ contribution relates to
+8.4
+16.0 provision release).
528.3 Hera acquired also a first 25% stake of
Aimag (contribution to results not booked).
Organic Growth offsets crisis effect on
2008 M&A Syn&Org. G. New Plants 2009
demand:
Ebitda by business and by strategic area Market expans. Favourable climate
567.3 567.3 Tariff increases Network expansion
21.1 11
Elect. 53 (2.6%)
Network
New plants further contributed to growth:
Gas 174.4 +21.3% +11%
277
Forlì WTE Cogen. Imola
Water 131.4 +0.9% 92 +3%
Modena WTE
Energy
187.3 +0.5% Waste 187 +1%
L.o.c. transformation into organisational
Waste
units accomplished at year end.
2009 2009
Ebitda Drivers 3
5. Waste mkt trend turned positive
Profit and Loss New WTE plants run at full regime (+18%
M€ 2008 2009 Ch. % production) reducing by 12% treatments in
Revenues 632.1 642.4 +1.6% landfill.
Operat. costs (328.0) (327.3) (0.2%)
Personnel (142.1) (142.4) +0.2%
Capitaliz. 24.2 14.5 (40.0%) WTE/biogas Electricity production up by
Ebitda 186.3 187.3 +0.5% +19% (up to 0.49 TWh).
Regulated tariffs (+2.7%) and Urban W.
volumes (+1.8% physiological growth)
2009 Special Waste cum. Volume
(Kton)
contributed to growth.
(7.3%)
(8.5%)
Total Waste volumes treated were almost
1,651 1,531
1,436 1,315
stable (5.11 vs 5.16 mton).
(13.7%)
(9.8%)
958
827 Special Waste market affected by -17.5%
drop in ’09 Italian manufacturing
375 338 production. ’09 volumes of Special Waste
3m 6m 9m 12m reached -7.3% compared to -13.7% of H1
2008 2009 thanks to positive trend in last 2 quarters.
Waste 4
6. Tariff increase offset crisis
Profit and Loss
M€ 2008 2009 Ch. %
Revenues 459.0 471.4 +2.7%
Operat. costs (359.0) (264.5) (26.3%)
Personnel (100.8) (104.7) +3.9% Tariff increase (+3.1%) as agreed with
Capitaliz. 131.0 29.3 (77.6%) Authorities and slightly lower volumes
Ebitda 130.2 131.4 +0.9% (-0.2%) underpin positive performance.
Slow down of real estate industry
(lower new connections and other un-
Operating data
regulated services for about 2m€) fully
Data 2008 2009 Ch.% offset by tariff increase.
Aqueduct (mm3) 257.0 256.6 (0.2%)
3
Sewerage (mm ) 224.4 225.7 +0.6%
3
Purification (mm ) 224.3 226.2 +0.8%
Water 5
7. Enhancement in regulated and liberalised activities
Volumes sold +12.4% and enhanced
Profit and Loss
profitability of Trading
M€ 2008 2009 Ch. % Sales to retail benefit from cold winter
(customer mix based on retail)
Revenues 1,216.4 1,259.5 +3.5%
Operat. costs (1,083.8) (1,040.2) (4.0%) Wholesales doubled thanks to more liquid
Personnel (54.6) (63.5) +16.3% procurement market and favorable conditions
Capitaliz. 65.9 18.7 (71.7%) on spot
Ebitda 143.8 174.4 +21.3% Business client demand decrease offsets
’09 Distrib. Revenues benefit from new
tariff scheme
RAB valuation 800 m€ (+6.5% vs ‘08)
Operating data Cost base reduced by 2 m€
Std volumes recognized above ’08
Data 2008 2009 Ch.%
Acquisition of networks, pursued in Q4,
3
Volumes distrib. (mm ) 2,370.3 2,334.4 (1.5%) strengthened competitive Hera position for
3
Volumes sold (mm ) 2,493.1 2,802.7 +12.4% upcoming bids.
3
of which trading (mm ) 294.8 627.9 +113.0%
District Heating (GWht) 422.6 476.4 +12.7% District Heating benefits from climate
conditions and operations of new Imola
Cogeneration plant (2.6 m€).
Gas 6
8. Boost in sales partially offset crisis effect
Profit and Loss Proactive marketing approach and
M€ 2008 2009 Ch. % strong presence on reference market yield
outstanding results (vs -5% martket trend):
Revenues 1,557.3 2,027.7 +30.2%
Operat. costs (1,505.8) (1,965.0) +30.5%
+48K clients market expansion
Personnel (22.2) (24.1) +8.6% +39% volumes (7TWh)
Capitaliz. 25.1 14.4 (42.7%) successful cross selling activities.
Ebitda 54.4 53.0 (2.6%)
Enhanced Trading activities benefit from
favourable market conditions, whilst
production units exposed to pool market
Volume sold since 2002 (GWH) suffered from price/margin decrease
+39%
7,047 (Cogen Imola).
5,075 Change in fair value of derivatives
4,335
impacted by -4.5 m€.
3,755 3,133
2,282 Regulated Distribution signed -6.4% in
1,628
volumes due to slow down on customer
948
demand only partially offset by tariff
increases.
2002 2003 2004 2005 2006 2007 2008 2009
Electricity 7
9. Other activities
Profit and Loss
M€ 2008 2009 Ch. %
Revenues 75.7 108.3 +43.1%
Operat. costs (53.0) (73.0) +37.7% Sales increase underpinned by good
Personnel (11.5) (17.4) +51.4% performance of Public Lighting and of
Capitaliz. 2.4 3.1 +29.3% TLC infrastructure management business.
Ebitda 13.5 21.1 +56.1%
Group company rationalisation process
continues and currently almost all Group
Operating data companies highlight positive results and
mainly focus on Hera core businesses.
Data 2008 2009 Ch.%
Public Lighting (K unit) 326.8 331.5 +1.4%
Other 8
10. Financial Statement
Balance Sheet
Capex and Investments
M€ 31/12/'08 31/12/'09
Future growth sustained by 391.5 m€
Fixed Assets 3,594.5 3,985.8 capital expenditure executed as
Working Capital (22.9) 26.8
Stock 60.7 47.1
budgeted (~40% development capex).
Receivables 1,183.0 1,157.0 Investments (36.8 m€) relates mainly to
Payables (1,203.6) (1,128.4) acquisition of 25% stake in Aimag.
Other current asset/liab. (63.0) (48.8)
Strengthening of Gas and D.H.
(Provisions) (421.0) (420.0)
network adding about 145 m€ RAB
Net invested capital 3,150.6 3,592.5
funded by share capital increase (82m
shares).
Financial Debts
Working Capital (bettered in Q4 from 88 to
Net Debts 31/12/08 31/12/09
26.7 m€) mainly affected by lower payables.
As of Dec. 31 (1,571.5) (1,891.8)
Net Financial Debts slightly bettered in Q4.
Q4 change +5.1
As of 30 September '09 (1,896.9) Hera issued a 500m€ Eurobond at the end
of which: of November, 150 m€ loan (in Yen) and
Short term Debt 251.9 renegotiated 200m€ loan taking advantage
Long term Debt (2,143.7)
from favorable market conditions.
Balance Sheet and Financial Debts 9
11. Closing remarks
Solid and comfortable results offsetting economic slow down.
Main strategic achievements of business plan fulfilled (LOC rationalisation, network
acquisition from municipalities, largest new plant construction).
Approval of Gas Distribution tariff for 2010 will provide a further enhancement in
current year.
Comfortable operating data currently highlight a slight recovery in consumptions of
all main services.
Despite “Fiscal Moratoria” one-off extraordinary charges, DPS confirmed at 8€c
implying 94% Adj. pay out ratio (125% pay out on reported net profit).
’09 DPS confirmed at 8€c
Closing Remarks 10