Two factors characterise our nine-month 2019 results, i.e. net profit that grows in the double-digits and KPIs that accelerate quarter after quarter. Such features confirm that our efforts to put into play a set of proactive initiatives and their successful execution allowed Hera to counter factors that could have conditioned its growth rate, such as the expected margin decline in last-resort businesses.
In a context of bullish stock markets, Hera can boast a number of Company-specific drivers.
During 2019, Hera’s stock rose following a continuing upwards path. It over-performed both the FTSE MIB and the FTSE Italy All-share Utility Index, despite both indices had a significantly positive rally since the start of the year.
One of the megatrends that feature the evolution of our society is the concentration of global population in the cities. Increasing urbanization requires deep rethinking of the services that the utilities provide. This topic has been at the heart of last June’s event, “Re-inventing the city”, that has been organized by Hera in Bologna. To understand how Hera means to play this role, we talked to Enrico Piraccini, who is the Head of Development and Innovation at Hera.