Results achieved in Q1 2019 prove Hera continuing growth, while showing a performance on track with the Business Plan.
Consolidated EBITDA grows by 2.5%, benefitting above all from the positive contribution of regulated businesses, where the tariff systems remunerates the efficiency and quality of Hera’s operational effort. The sound performance of EBITDA also reflects rising prices in special waste, continuous expansion in the customer base, as well as attractive margins in both power generation and default-gas segment.
Such factors offset the negative impact of certain drivers, among which: the margin reduction in the safeguarded-customer business, lower volumes due to above-average winter temperatures and early maintenance at the WTE plant in Padua.