The Business Plan to 2024 fully intercepts the opportunities of the new economic policies, which promote energy transition and technological development. The new Plan declines these opportunities in a way that is consistent to the specific business model of the Group, with the aim of designing the next steps of a growth path that has continued uninterruptedly since 2002.
Strong of a 2020 that testifies the ability to grow resiliently even in challenging contexts, Hera is ready to confront the priorities of the external scenario. Counting on a true vocation for sustainability and on a solid financial capacity, in the new scenario the Company does not see discontinuity, but attractive opportunities.
Hera’s strategic review presents a clear path of sustainable development for the long term and a five-year Plan that allocates 3.2 bn€ investments to fuel growth.
Therefore, 2024 EBITDA is expected to reach 1.3 bn€, of which approximately 50% from Shared- Value projects.
Within the strategic framework expressed in the GROWTH acronym – Green, Resilience and Regeneration, Opportunities, Welfare, Technology, Humans – Hera has shaped a number of specific projects to achieve, in its multiutility business, the targets set in terms of circularity, carbon neutrality and technology innovation, in full compliance with the guidelines of the regulation and the objectives of international economic policies.
The new Plan to 2024 clearly indicates both the extent and quality of the value that Hera Group can create: the targets set in the past have been exceeded for the fifth time in a row; the new objectives to 2024 and 2030, are more ambitious than the previous ones and even more closely linked to the new priorities of a Europe that is moving towards “zero emissions” and wants to make the economy even more circular; the prospect of steady growth in dividend per share is confirmed.
Are all elements that will help enhance investors’ perceptions of Hera’s strengths and prospects.
Hera has designed its Business Plan to 2024 consistently with the external scenario, where international policy makers are indicating clear priorities in terms of environment, society, and innovation. Hera has outlined a dual path, both for the creation of Shared Value and for the industrial strategy, pursuing respectively the UN 2030 Agenda and the European policies – especially those featured in the “Next Generation EU” program. This approach allows Hera to make a concrete contribution to the achievement of major sustainability goals, while offering the perspective of attractive returns by fuelling Group growth.