Sound first-quarter results strengthen Hera’s competitiveness
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.