INVESTOR NEWS - Gruppo Hera -

Sound first-quarter results strengthen Hera’s competitiveness

Message from the Executive Chairman of the Board

First-quarter results demonstrate Hera’s ability to post healthy growth rates in an improving scenario. The increase of 3.7% in EBITDA indicates that around 70% of the negative impacts related to Covid-19 and mild temperatures, which affected the first quarter of 2020, have been recovered. The Net Profit growth of 6.2% – therefore higher than that at EBITDA level – proves the positive contribution of both financial and fiscal management.

Strong cash flow generation allows for a 159-million-euro reduction in Net Financial Debt and makes Hera’s potential to fund additional growth through M&A even more visible.

Given the results achieved in these first months of the year, Hera’s competitiveness comes out even stronger. A key premise, also in view of the forthcoming tenders in regulated businesses.

Tomaso Tommasi di Vignano

Stefano Venier

Message from the CEO

Focus on Q12021 results

In first-quarter 2021, Energy areas drove the EBITDA of Hera Group. Overall, EBITDA grew by 3.7%, against a scenario that proved to be less penalizing than that of the same period of 2020, in terms of both weather conditions and severity of anti-Covid restrictions.

Quarterly results provide a clear picture. On the one hand, Hera is constantly looking for new efficiencies, especially through innovation; on the other hand, it continues to expand its customer base in a selective way, by leveraging also on value-added services and high-impact activities for the implementation of circular economy. With such a model, Hera achieves healthy returns.

Jens Klint Hansen

Hera on stock exchange

In a well-oriented stock market, Hera has several elements of appeal

In these early months of 2021, Hera’s share price has gained strength. And not only in absolute terms, with a rise of over 10%, but also because it has outperformed the index of the utility sector. In the last few trading sessions, the stock has even outperformed the FTSE MIB, which is heavily weighted towards stocks that allow the theme of future recovery to play out in a catch-up trade.

Jens Klint Hansen

Salvatore Molè

Stories

The roots that strengthen Hera’s innovation

One of the typical features of companies that are leaders in their industry is the ability to consolidate their leadership over time through innovation.

Hera nurtures that intangible asset, the innovation, through continuous investment, by leveraging some specific strengths.

While we take a closer look at some of the new projects Hera is working on, we try to understand what are the specific factors that drive the Group’ s success in innovation, through some questions that we put to Mr. Salvatore Molè, Central Innovation Director of Hera Group.