Hera starts 2023 on a growth path. All KPIs are up compared to the first quarter of 2022, while Net Financial Debt decreases
by €472.2 m, thus taking the Debt-to-EBITDA ratio down to 2.84x.
The Energy and Waste areas, which outperformed the Group average growth, have driven the 9.4% increase in EBITDA.
The quarterly results achieved indicate that Hera continues along the Business Plan’s growth path, by leveraging on its proven ability to manage the operating businesses with prudence and foresight, while riding the opportunities of the scenario…

The AGM held on 27 April was a major event. Hera was one of the few Italian listed companies that again allowed its shareholders to be physically present at “Spazio Hera”, where the Meeting took place, even though this year, following the measures to avoid the pandemic, it was still possible to adopt a virtual format, with the vote expressed exclusively by proxy.
Promotion of a genuine and direct shareholder participation in the decisions on the Company’s life and future reveals a spirit reflected in all aspects of Hera’s history: from its commitment to the value creation for all stakeholders – trustfully executed, as 2022 results prove – to the way governance takes shape.
This year, shareholders have also appointed a total of 15 Directors, who will lead Hera over the next three years, demonstrating to embrace the previous Board of Directors’ guidance on the composition of the new administrative body.