Once again, nine-month 2024 results prove the strength and effectiveness of Hera’s business model. The Group succeeded in increasing operating margins even though the normalisation of energy prices led to a 25.3% fall in Revenues, against the backdrop of an anaemic economy and the expiry of the 110% Ecobonus incentives.
EBITDA and EBIT post a growth of 3.1% and 3.5% respectively, an improvement even compared to first-half performance, while P&L bottom line shows a 20.1% rise in Net Profit post minorities.
Hera continues to overperform its benchmark indices, despite the recent reversal, started after the share price reached the year-high at 3.7 euro in mid-October.
The solid fundamentals, again proved by nine-month results, provide strong support also prospectively. To date, Hera has already offered a Total Shareholder Return of 12%, which is almost twice the annual average indicated in the Plan, considering that a 4% dividend yield adds up to an Earnings per Share growth of more than 20% over the first nine months of 2023.
What will living conditions on Earth be like in the future? Everything depends on the choices being made as of today and how those commitments will be maintained over time.
Aware of this reality and of its role as an enabler of sustainability, last July Hera made a formal commitment to reach Net Zero in terms of greenhouse gas emissions by 2050, being the first to have taken up that challenge among Italian multi-utilities.
The Group made this move by presenting an ambitious Climate Transition Plan, in which it aims to achieve a 90 per cent reduction in emissions by 2050 compared to 2019 and to remove all remaining emissions at the end of the decarbonisation path.
Gruppo Hera
Viale Carlo Berti Pichat 2/4 - 40127 Bologna
Tel. 051287111 - Fax 051287525
Capitale sociale € 1.489.538.745 Lv. - VAT C.F./P.IVA e REA 0424552376
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