F I N A N C I A L R E S U LT S
H1 2023
At a glance (1)
Turnover: -0.5 b€ | Ebitda: +87 m€ | Ebit: +40 m€ | Net profit post min.: +5 m€ | ||||||||
(m€) | (m€) | (m€) | (m€) | ||||||||
9,147 | (6%) | +14% | +12% | +2% | |||||||
8,627 | |||||||||||
718 | 375 | ||||||||||
186 | 183 | 188 | |||||||||
631 | |||||||||||
611 | |||||||||||
337 | 335 | ||||||||||
4,346 | |||||||||||
H1 '21 | H1 '22 | H1 '23 | H1 '21* | H1 '22* | H1 '23* | H1 '21* | H1 '22* | H1 '23* | H1 '21* | H1 '22* | H1 '23* |
-
Ebitda is adjusted for a temporary accounting difference in gas stock valuation (avg historical cost vs. avg procurement prices).
Reported Ebitda is lower by 88.3 m€ in H1'22 and higher by 93.0m€ in H1'23
- Ebit is adjusted for a temporary accounting difference in gas stock valuation (avg historical cost vs. avg procurement prices.
Reported Ebit is lower by 88.3 m€ in H1'22 and higher by 93.0m€ in H1'23
- Temporary accounting difference in gas stock valuation (avg historical cost vs. avg procurement prices) were adjusted for.
Reported net profit is lower by 62.7m€ in H1'22 and +66.2m€ in H1'23.
Positive growth all the way down to bottom line
H1 2023 FINANCIAL RESULTS | P&L | GRUPPOHERA | 01 |
At a glance (2)
Capex and M&A: +74 m€ | Dividends: +7 m€ | Net debt / Ebitda |
(m€) | (m€) | (x) |
+22%
403 | |
329 | 73 |
41 | 330 |
289 | |
H1 '22 | H1 '23 |
+4%
179186
2.96x3.00x
H1 '22 | H1 '23 | H1 '22 | H1 '23 |
Confirmed leverage at 3x with high capex, M&A and Dividends
H1 2023 FINANCIAL RESULTS | FINANCIAL SOUNDNESS | GRUPPOHERA | 02 |
Ebitda growth drivers
Ebitda by driver: +87 m€
(m€)
+13.8%
+28 | +10 | 718 | |||||
+49 | |||||||
631 | |||||||
Focused on sustainable activities
H1 '22* | Organic | Decarbonization | M&A | H1 '23* |
Growth | Services |
M&A focus on sustainability
Waste
Industrial site remediation
Energy
PV Installation
Energy
Agrivoltaic plant in JV
TiepoloEnergy
PV plant in pipeline
Other (ongoing)
Optical fiber & TLC
Strong focus on sustainable growth
H1 2023 FINANCIAL RESULTS | SOLID GROWTH DRIVERS | GRUPPOHERA | 03 |
Energy
Ebitda growth drivers: +68 m€
(m€) | |||||
+30% | |||||
+93 | |||||
+28 | 293 | ||||
+40 | |||||
218 | 225 | ||||
H1 '21* | H1 '22* | Supply | Decarbonization | Gas stock adj. | H1 '23* |
& Trad. | Services |
Customers | |||||
(mln) | +7% | ||||
3.3 | 3.5 | +0.22 | +0.02 | 3.7 | |
1.3 | 1.4 | (0.02) | +0.03 | 1.6 | Elect. |
2.0 | 2.1 | 2.1 | Gas | ||
H1 '21 | H1 '22 | Free Mkt | Last resort | H1 '23 |
10% of customers with Decarb. services
(%)
LED devices
10%
Smart tools
Fast growth in all our intangible assets
H1 2023 FINANCIAL RESULTS | BUSINESS DETAILS | GRUPPOHERA | 04 |
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Disclaimer
HERA S.p.A. - Holding Energia Risorse Ambiente published this content on 26 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2023 14:37:03 UTC.