The results for Q1 2025 point to the structural nature of the factors driving EBITDA growth: a premise of quality and repeatable performance for the future. On top of solid operating performance also came the positive contribution from a significant reduction in net financial expenses, which brought Net Profit to 153.7 million euro, an increase of 10.6 million compared to Q1 2024.

In terms of Total Shareholder Return offered, Hera thus continues to fully deliver on the commitments made in the 2024-2028 Business Plan, with a dividend yield of 4.4% adding up to an Earnings per Share progress of 7.4%.
In the quarter, Hera generated cash in excess of the needs to cover working capital and investments, resulting in a decrease in Net Financial Debt of 67 million euro, which translated into a further compression of leverage, now equal to 2.45 times, i.e. the lowest level over the last 20 years.

Hera share continued to record gains on the stock market, far outperforming the benchmarks, despite the FTSE MIB index benefiting from the drive of defence and financial stocks, and, in general, utilities being among the favoured sectors in European markets at this stage. Not even the sharp fall in the stock markets at the end of March and the beginning of April, amidst strong geopolitical tension, halted the rally of Hera, whose prices are now at their highest level in five years.

Investors are showing their appreciation for the resilient growth features of Hera, which can deliver solid results even in critical scenarios by leveraging on a strong business model and a strategy focused on value creation.