Hera has provided strong half year results despite revenue falling 2.7% yoy to €2,152.7m, mainly driven by lower revenues on regulated services due to regulatory changes and lower volumes sold due to mild weather. However, EBITDA increased by 2.4% yoy as margins improved due to lower material and operating expenses. Along the same path, a slight decrease in depreciation levels pushed operating profit towards a 5.1% yoy increase, reaching €257.4m. In addition to this, lower financial
28 Jul 2016
Resilient performance with bottom-line double-digit growth, despite lower allowed WACC
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Resilient performance with bottom-line double-digit growth, despite lower allowed WACC
Hera S.p.A. (HE9:FRA) | 0 0 1.2% | Mkt Cap: 4,120m
- Published:
28 Jul 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Hera has provided strong half year results despite revenue falling 2.7% yoy to €2,152.7m, mainly driven by lower revenues on regulated services due to regulatory changes and lower volumes sold due to mild weather. However, EBITDA increased by 2.4% yoy as margins improved due to lower material and operating expenses. Along the same path, a slight decrease in depreciation levels pushed operating profit towards a 5.1% yoy increase, reaching €257.4m. In addition to this, lower financial