Hera SpA
MIL:HER
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Hera SpA
Hera S.p.A., founded in 2002 through the merger of 11 different companies, stands as a testament to the power of strategic synergy in Italy’s utilities sector. Based in Bologna, Hera has carved out its niche by integrating a diverse range of essential services that power everyday life. The company has developed a robust business model revolving around multi-utility services, managing an impressive portfolio that includes energy, water, and environmental services. By overseeing every stage of the supply chain—from production and distribution to retail—the company leverages economies of scale and an efficient network infrastructure.
As a cornerstone of its operational ethos, Hera has committed to sustainable innovation, channeling investments into renewable energy projects and advanced waste management systems. The company generates revenue by serving millions of customers across several regions in Italy, offering reliable services that are both necessary and recurrent. Hera’s strategy hinges on long-term contracts and regulated tariffs, ensuring stable cash flows. With ongoing expansions and acquisitions, Hera not only enhances its market presence but also aligns its economic goals with environmental and societal commitments, thereby bolstering its reputation and ensuring continued profitability.
Hera S.p.A., founded in 2002 through the merger of 11 different companies, stands as a testament to the power of strategic synergy in Italy’s utilities sector. Based in Bologna, Hera has carved out its niche by integrating a diverse range of essential services that power everyday life. The company has developed a robust business model revolving around multi-utility services, managing an impressive portfolio that includes energy, water, and environmental services. By overseeing every stage of the supply chain—from production and distribution to retail—the company leverages economies of scale and an efficient network infrastructure.
As a cornerstone of its operational ethos, Hera has committed to sustainable innovation, channeling investments into renewable energy projects and advanced waste management systems. The company generates revenue by serving millions of customers across several regions in Italy, offering reliable services that are both necessary and recurrent. Hera’s strategy hinges on long-term contracts and regulated tariffs, ensuring stable cash flows. With ongoing expansions and acquisitions, Hera not only enhances its market presence but also aligns its economic goals with environmental and societal commitments, thereby bolstering its reputation and ensuring continued profitability.
Net Profit Growth: Net profit rose by 5% versus H1 2024, reaching EUR 229 million, in line with business plan expectations.
Debt Reduction: The group's financial debt fell by over EUR 100 million year-on-year, now below EUR 4 billion, despite increased investments and dividend payments.
Investments Up: Investments increased by 20% compared to H1 2024, with strong operational investment focus as per the business plan.
EBITDA Slightly Lower: EBITDA was EUR 722 million, down by EUR 11 million from last year, mainly due to lower temporary opportunities but offset by organic growth in all main business areas.
Waste & Networks Strength: Waste and Networks businesses saw solid organic growth, supported by successful M&A and regulatory incentives.
Financial Charges Down: Financial charges decreased by EUR 24 million versus H1 2024 due to better debt management and lower interest rates.
Guidance Reaffirmed: Management confirmed targets in the business plan, expects profit growth for FY 2025, and highlighted continued disciplined M&A activity.
