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 Board of Directors approved the consolidated financial results for the first three quarters of 2018, which showed increases in key financial indicators. Revenues increased 8% to €4.3 billion, EBITDA grew 3.3% to €748.6 million, and net profits for shareholders rose 14.1% to €208.7 million. All business areas contributed positively to growth, with particular contributions from gas and waste management. Operating investments totaled €296.6 million, in line with business plan targets.
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 approved positive 1Q 2017 results, with growth in revenues, EBITDA, net profits, and operational indicators. Revenues increased 28.3% to €1.585 billion due to higher energy sales, regulated revenues, and gas volumes. EBITDA rose 10.2% to €306.8 million from growth across all business areas. Net profits for shareholders increased 20.5% to €109.9 million due to improved financial management and lower tax rates. Operational investments totaled €154.1 million, and net debt declined slightly despite recent acquisitions.
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.
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.
The Hera Group approved positive third quarter 2016 results, with improvements in key economic indicators. Revenues decreased 4.4% to €3.1 billion due to regulatory changes and lower energy prices. However, EBITDA increased 1.6% to €650.6 million through contributions from new acquisitions and growth in electricity. Net profits for shareholders rose 13.8% to €142.2 million through improved financial management and lower debt. Investments totaled over €250 million to support infrastructure upgrades and expansion, while the net financial position improved to €2.6 billion.
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 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 Board of Directors approved the consolidated financial results for the first three quarters of 2018, which showed increases in key financial indicators. Revenues increased 8% to €4.3 billion, EBITDA grew 3.3% to €748.6 million, and net profits for shareholders rose 14.1% to €208.7 million. All business areas contributed positively to growth, with particular contributions from gas and waste management. Operating investments totaled €296.6 million, in line with business plan targets.
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 approved positive 1Q 2017 results, with growth in revenues, EBITDA, net profits, and operational indicators. Revenues increased 28.3% to €1.585 billion due to higher energy sales, regulated revenues, and gas volumes. EBITDA rose 10.2% to €306.8 million from growth across all business areas. Net profits for shareholders increased 20.5% to €109.9 million due to improved financial management and lower tax rates. Operational investments totaled €154.1 million, and net debt declined slightly despite recent acquisitions.
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.
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.
The Hera Group approved positive third quarter 2016 results, with improvements in key economic indicators. Revenues decreased 4.4% to €3.1 billion due to regulatory changes and lower energy prices. However, EBITDA increased 1.6% to €650.6 million through contributions from new acquisitions and growth in electricity. Net profits for shareholders rose 13.8% to €142.2 million through improved financial management and lower debt. Investments totaled over €250 million to support infrastructure upgrades and expansion, while the net financial position improved to €2.6 billion.
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 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 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.
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 Hera Group reported positive financial results for the first quarter of 2016 despite regulatory changes reducing revenues from gas, electricity, and water distribution. Revenues decreased 5.8% to €1,235.4 million due to lower gas and electricity sales volumes and prices, though EBITDA increased slightly to €278.4 million. Net profit increased 5.3% to €91.2 million through growth in core businesses and acquisitions completed in 2015, while net debt was reduced by 5.6% to €2,504.5 million.
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.
Hera Board of Directors approves H1 2013 results and resolves on €80 million ...Hera Group
The Hera Group reported improved financial results for the first half of 2013 compared to the same period last year. Revenues increased 5.7% to €2.4 billion due to the acquisition of AcegasAps, while EBITDA rose 24.5% to €445.3 million and adjusted net profit increased 22.2% to €98.1 million. The Board of Directors approved an optional capital increase of up to €80 million to support the Group's strategic goals and allow FSI to acquire Hera shares.
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 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’s Board of Directors approves the results for the third quarter of 2015Hera Group
The financial report as of 30 September 2015 shows improvement in all the main indicators, thanks to internal growth, external growth and the synergies deriving from integration M&A
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.
The Hera Group reported increased results for the first quarter of 2020 compared to the same period in 2019, thanks to contributions from its main business areas of energy and waste management. Revenues increased 5.9% to €2.055,8 million while EBITDA rose 5.6% to €349.2 million. Net profit grew slightly to €130.3 million, up 0.5%. Investments totaled €118.6 million, mainly in infrastructure improvements. The net financial position improved by approximately €45 million despite continued investments.
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 significant growth in its operating and financial results in the first half of 2021. Revenues increased 22.8% to 4.2 billion euro and EBITDA rose 10.4% to 617.9 million euro. Net profit for shareholders was up 30% to 216.1 million euro. The company pursued further growth through M&A activity and organic expansion of its energy, water and waste businesses. Financial solidity also improved with the net debt to EBITDA ratio falling to 2.5 times.
The Hera Group 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 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 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 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.
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 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.
The Hera Group's Board of Directors approved the positive H1 2017 results which saw growth in all key financial indicators. Revenues increased 10% to €2.75 billion driven by acquisitions and higher trading activity. EBITDA rose 7.6% to €505.9 million with positive contributions from all business areas, notably energy. Net profit increased 16.5% to €141 million as lower financial charges and a reduced tax rate offset higher depreciation costs. Investments totaled €170.6 million to support network upgrades and regulatory requirements.
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.
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.
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 Hera Group reported positive financial results for the first quarter of 2016 despite regulatory changes reducing revenues from gas, electricity, and water distribution. Revenues decreased 5.8% to €1,235.4 million due to lower gas and electricity sales volumes and prices, though EBITDA increased slightly to €278.4 million. Net profit increased 5.3% to €91.2 million through growth in core businesses and acquisitions completed in 2015, while net debt was reduced by 5.6% to €2,504.5 million.
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.
Hera Board of Directors approves H1 2013 results and resolves on €80 million ...Hera Group
The Hera Group reported improved financial results for the first half of 2013 compared to the same period last year. Revenues increased 5.7% to €2.4 billion due to the acquisition of AcegasAps, while EBITDA rose 24.5% to €445.3 million and adjusted net profit increased 22.2% to €98.1 million. The Board of Directors approved an optional capital increase of up to €80 million to support the Group's strategic goals and allow FSI to acquire Hera shares.
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 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’s Board of Directors approves the results for the third quarter of 2015Hera Group
The financial report as of 30 September 2015 shows improvement in all the main indicators, thanks to internal growth, external growth and the synergies deriving from integration M&A
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.
The Hera Group reported increased results for the first quarter of 2020 compared to the same period in 2019, thanks to contributions from its main business areas of energy and waste management. Revenues increased 5.9% to €2.055,8 million while EBITDA rose 5.6% to €349.2 million. Net profit grew slightly to €130.3 million, up 0.5%. Investments totaled €118.6 million, mainly in infrastructure improvements. The net financial position improved by approximately €45 million despite continued investments.
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 significant growth in its operating and financial results in the first half of 2021. Revenues increased 22.8% to 4.2 billion euro and EBITDA rose 10.4% to 617.9 million euro. Net profit for shareholders was up 30% to 216.1 million euro. The company pursued further growth through M&A activity and organic expansion of its energy, water and waste businesses. Financial solidity also improved with the net debt to EBITDA ratio falling to 2.5 times.
The Hera Group 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 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 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 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.
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 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.
The Hera Group's Board of Directors approved the positive H1 2017 results which saw growth in all key financial indicators. Revenues increased 10% to €2.75 billion driven by acquisitions and higher trading activity. EBITDA rose 7.6% to €505.9 million with positive contributions from all business areas, notably energy. Net profit increased 16.5% to €141 million as lower financial charges and a reduced tax rate offset higher depreciation costs. Investments totaled €170.6 million to support network upgrades and regulatory requirements.
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.
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.
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 Board of Directors approved the consolidated results for the first half of 2016, which showed rising profits, positive cash flows, and reduced borrowing. Key highlights included a 2.4% increase in EBITDA to €470.1 million and a 12.8% rise in net profits for shareholders to €121 million, driven by growth in electricity and waste businesses as well as acquisitions and cost efficiencies. The financial position also improved, with net debt decreasing from €2,651.7 million to €2,624.4 million.
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.
Sopra Steria: First-half 2016 in line with 2017 objectivesSopra Steria India
- Sopra Steria's revenue for the first half of 2016 increased 6.3% to €1.878 billion, with organic growth of 5.4%. Operating margin on business activity improved to 7.1% from 6.1% in the prior year.
- Net profit attributable to the Group doubled to €54 million compared to €26.9 million in the first half of 2015.
- The company confirmed its targets for 2016 of organic revenue growth between 3-5% and operating margin on business activity over 7.5%, and targets for 2017 of revenue between €3.8-4 billion and operating margin on business activity between 8-9%.
The SGS Group performed solidly in the first semester with total revenue exceeding CHF 3.0 billion and is on track to deliver the revenue growth projected in the 2020 strategic plan.
The Group grew the top line by 4.9% on a constant currency basis, of which 3.4% was organic, with the remainder being associated with recent acquisitions. On a reported basis, Group revenue increased by 5.0%.
The strong growth was mainly attributable to the non-energy related businesses and once again demonstrated the strength of the Group’s well balanced portfolio.
This document summarizes the key financial and operating highlights of TIM Group for the first three months of 2017. The Group reported consolidated revenues of 4.8 billion euros, up 8.5% compared to the first quarter of 2016. EBITDA was 1.99 billion euros, up 16.2% compared to the first quarter of 2016, with an EBITDA margin of 41.3%. Operating profit was 865 million euros, up 22.9% compared to the first quarter of 2016. Adjusted net financial debt at March 31, 2017 was 25.235 billion euros.
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.
Half Year Financial Report at June 30, 2017.pdfGruppo TIM
This report summarizes the financial and operating performance of TIM Group for the first half of 2017. Key highlights include:
- Consolidated revenues increased 7.4% to €9.8 billion, with organic growth of 3.2%. EBITDA grew 10.4% to €4.1 billion, with organic growth of 7.2%.
- Capital expenditures totaled €2.1 billion, reflecting a continued selective approach to identify higher return projects focused on innovation, transformation, and improving network coverage and quality.
- Adjusted net financial debt was €25.1 billion, down slightly from year-end 2016, as positive business operations covered borrowing costs, dividends, and spectrum payments.
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 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.
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.
Hera Group - Consolidated Financial Statements as at 31 December 2017Hera Group
- The Hera Group achieved strong financial results in 2017, with revenues increasing 9.4% to €5.6 billion and EBITDA growing 7.4% to €984.6 million.
- Net profit increased 21.1% to €266.8 million, with a net profit margin of 4.8%.
- Investments totaled €396.2 million, an 8.1% increase over 2016, focused on developing integrated water services, expanding waste treatment, and growing energy infrastructure.
- Key financial metrics improved, with the net debt to EBITDA ratio decreasing to 2.56x and returns up, as ROE increased to 9.9% and ROI to 9.
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.
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.
Hera Group reported financial results for Q1 2020. EBITDA increased 5.6% to €349.2 million despite negative impacts from COVID-19, mild winter weather, and tariff reviews. The integration of EstEnergy contributed positively, delivering €27.4 million in EBITDA. Free cash flow was strong at €45 million, supported by EstEnergy. Networks showed resilience during COVID-19. Waste benefited from new plant capacity. Energy supply was impacted by COVID-19 and mild winter weather but saw organic growth of customers. Financial leverage remained sound at 2.44x net debt to EBITDA.
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Osisko Gold Royalties Ltd - Corporate Presentation, June 12, 2024
Press release Q3 2017
1. press release
Bologna, 8 November 2017
Hera’s BoD approves 3Q 2017 results
The consolidated third-quarter report at 30 September once again confirms the excellent
momentum of growth seen during the current year, with all main operating and financial
indicators showing further improvement
Financial highlights
Revenues at € 4,027.8 million (+11.4%)
EBITDA at € 724.7 million (+11.4%)
Net profit post minorities at € 182.9 million (+28.6%)
Net debt at € 2,610.0 million
Operating highlights
Good contribution to growth coming from all businesses, in particular Energy
Results were mainly underpinned by internal growth
Positive effects coming from the merger of Aliplast and Gran Sasso
Solid customer base in Energy business, with over 2.3 million clients, up 150,000 over the first
nine months of 2016
Today, the Hera Group Board of Directors unanimously approved the consolidated economic results at 30
September 2017, which show further growth in all operating and financial indicators, as expected in the
business plan. This growth, continuous since the first quarter, confirms the validity of the Group’s multi-
business model and of its strategy, that seeks for balance between internal and external growth.
In particular, the statements for the first nine months of 2017 show the beneficial results of the entry of the
companies Aliplast and Gran Sasso within the Group’s scope of operations, and of the tenders awarded for
2017-2018 last resort, default and safeguarded supply services.
Revenues rise, reaching € 4,027.8 million
In the third quarter of 2017, revenues came to € 4,027.8 million, up 11.4% compared to the € 3,615.5 million
recorded at 30 September 2016. In line with the positive macro-economic framework, this year profited from
the entry of Aliplast and Gran Sasso within the Group, as well as from the positive effects ensuing from a
higher trading activities, an increase in electricity price, a rise in volumes of gas sold and higher regulated
revenues in the water sector.
EBITDA increases to € 724.7 million
The Group’s consolidated EBITDA at 30 September 2017 grew from € 650.6 to € 724.7 million (+11.4%).
The good performance coming from all Group areas is responsible for this result, in particular from the
Energy business, which benefitted from higher profits in power generation and in safeguarded and default
market sales. Positive results were also reached in the integrated water cycle and waste areas, thanks
above all to the acquisition of Aliplast.
Ebit and pre-tax profits up, financial management improves
EBIT grew to € 357.9 million, against the € 329.2 million seen at 30 September 2016 (+8.7%), while pre-tax
profits rose to € 283.4 million compared to € 239.1 million at the same date one year earlier (+18.5%),
thanks to improvements in financial management. In particular, this good performance reflects a more
2. efficient financial structure, partially obtained through the liability management operations carried out during
the previous year.
Net profit post minorities increases to € 182.9 million (+28.6%)
Profits pertaining to Group Shareholders rose to € 182.9 million, against € 142.2 million at 30 September
2016 (+28.6%), thanks among other things to a 32% tax rate, notably better than the same figure for the
previous year (due to a lower Ires rate and a continuous search for tax efficiency following the enlargement
of the Group’s scope of operations).
Approximately € 280 million in investments, net debt essentially stable
The Group’s operating investments at 30 September 2017, including capital grants, amount to € 277.1
million, up compared to the same period in 2016 and in line with the business plan’s forecast. Operating
investments involved above all interventions on plants, networks and infrastructures, in addition to regulatory
adaptations mainly concerning gas distribution, with a large-scale meter substitution, and the purification and
sewerage area.
Net debt came to € 2,610.0 million at 30 September 2017, with a slight reduction compared to first half of
2017 and remaining fundamentally stable with respect to the € 2,558.9 million recorded at 31 December
2016, considering the funds allocated to dividend payments and M&A operations.
Gas
EBITDA for Gas, which includes services in natural gas and LPG distribution and sales, district heating and
heat management, came to € 201.4 million at 30 September 2017, up 8.0% over the same date one year
earlier, thanks to growth in trading, higher volumes of gas sold and the larger scope of operations in the
default service. The number of gas customers in the first nine months of 2017 totalled 1.4 million, rising by
3.9% over the same period in 2016, partially due to the acquisition of the company Gran Sasso (located in
Abruzzo region).
The Gas business accounted for 27.8% of Group EBITDA.
Water cycle
The integrated water cycle, which includes aqueduct, purification and sewerage services, recorded a 2.6%
increase in EBITDA, going from the € 173.7 seen at 30 September 2016 to € 178.3 at the same date in
2017, thanks to higher revenues from distribution, in spite of increased operating costs and lower revenues
from new connections.
The integrated water cycle accounted for 24.6% of Group EBITDA.
Waste
The results reached in the Waste, which includes services in waste collection, treatment, recovery and
disposal, show rising figures, with EBITDA going from € 172.2 million at 30 September 2016 to € 181.4
million at the same date in 2017 (+5.3%). This performance is due to higher volumes commercialised in
waste treatment, a positive trend in the price of special waste and the entry within the Group of Aliplast, a
national leader in plastic recycling, which consolidated the Group’s position regarding the development of a
circular economy. These results are all the more appreciable considering that they suffer from a lower
contribution coming from incentives for renewable and assimilated sources, by roughly € 8 million. Further
growth was also seen in sorted waste, which went from 55.8% at 30 September 2016 to 56.6% at the same
date in 2017, thanks to the numerous new services offered.
Waste accounted for 25.0% of Group EBITDA.
Electricity
3. Electricity, which includes services in electricity production, distribution and sales, recorded an EBITDA that
grew from € 104.3 million at 30 September 2016 to € 147.4 million in September 2017, thanks to higher
earnings in free market and safeguarded sales and higher profits in electricity generation. The number of
electricity customers increased by 11.6% to 964,000, mainly owing to growth in the free market.
Electricity accounted for 20.3% of Group EBITDA.
Appointment by co-optation of a new director
Furthermore, on today’s date the Board of Directors resolved the appointment by co-optation of Prof.
Alessandro Melcarne as a new director of Hera Spa, substituting the resigning Mr. Aldo Luciano. On the
basis of statements provided by the director and information at the Company’s disposal, the former meets
the requirements of independence provided for by law.
Prof. Melcarne has additionally stated that he holds no shares in the Company.
The new director’s curriculum vitae is available on the website www.gruppohera.it, in the section Corporate
Governance/CdA.
The manager responsible for drafting the company’s accounting statements, Luca Moroni, declares, pursuant to article 154-bis
paragraph 2 of the TUF, that the information contained in the present press release corresponds to the documentation available and to
the account books and entries.
The 3Q financial statement and related materials are available to the public at Company Headquarters and on the website
www.gruppohera.it.
Unaudited extracts from the Interim Financial Statements at 30 September 2017 are attached.
Investor Relations Director
Hera S.p.A.
Jens Klint Hansen
+39 051 287737
jens.hansen@gruppohera.it
www.gruppohera.it
4. Profit & Loss (m€) 30/09/2017 Inc.%
30/06/2016
reclassified
Inc.% Ch. Ch. %
Sales 4,027.8 3,615.5 +412.3 +11.4%
Other operating revenues 327.3 8.1% 259.9 7.2% +67.4 +25.9%
Raw material (1,776.4) -44.1% (1,437.4) -39.8% +339.0 +23.6%
Services costs (1,428.6) -35.5% (1,382.7) -38.2% +45.9 +3.3%
Other operating expenses (45.3) -1.1% (34.7) -1.0% +10.6 +30.6%
Personnel costs (409.1) -10.2% (390.1) -10.8% +19.0 +4.9%
Capitalisations 29.0 0.7% 20.0 0.6% +9.0 +45.0%
Ebitda 724.7 18.0% 650.6 18.0% +74.1 +11.4%
Depreciation and provisions (366.8) -9.1% (321.3) -8.9% +45.5 +14.2%
Ebit 357.9 8.9% 329.2 9.1% +28.7 +8.7%
Financial inc./(exp.) (74.5) -1.8% (90.2) -2.5% -15.7 -17.4%
Pre tax profit 283.4 7.0% 239.1 6.6% +44.3 +18.5%
Tax (90.6) -2.3% (87.2) -2.4% +3.4 +3.9%
Net profit 192.8 4.8% 151.8 4.2% +41.0 +27.0%
Attributable to:
Shareholders of the Parent
Company
182.9 4.5% 142.2 3.9% +40.7 +28.6%
Minority shareholders 9.9 0.2% 9.6 0.3% +0.3 +2.8%
Balance Sheet (m€) 30/09/2017 Inc.% 31/12/2016 Inc.% Ch. Ch.%
Net fixed assets 5,670.8 108.5% 5,564.5 108.7% +106.3 +1.9%
Working capital 108.8 2.1% 99.9 2.0% (8.9) (8.9)%
(Provisions) (553.5) (10.6%) (543.4) (10.7%) (10.1) +1.9%
Net invested capital 5,226.1 100.0% 5,121.0 100.0% +105.1 +2.1%
Net equity 2,616.1 50.1% 2,562.1 50.0% +54.0 +2.1%
Long term net financial debt 2,713.3 51.9% 2,757.5 53.9% (44.2) (1.6)%
Short term net financial debt (103.3) (2.0%) (198.6) (3.9%) +95.3 (48.0)%
Net financial debts 2,610.0 49.9% 2,558.9 50.0% +51.1 2.0%
Net invested capital 5,226.1 100.0% 5,121.0 100.0% +105.1 +2.1%