Hera has provided weak revenues as they decreased 5.8% yoy to €1.23bn, missing market expectations. However, a 13.4% yoy decrease in COGS has stabilised the EBITDA to €278.4m (+0.4% yoy), while a 12.6% decrease in financial expenses and a 4.8% fall in minority interest have boosted the net profit to €91.2m, a 5.3% yoy increase, beating expectations. Operating cash flow continues on its strong trajectory as it increased by 35% yoy due to an improvement in working capital, which
11 May 2016
Strong bottom line despite negative impact from regulatory changes; waste underperforms
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Strong bottom line despite negative impact from regulatory changes; waste underperforms
Hera S.p.A. (HE9:FRA) | 0 0 1.2% | Mkt Cap: 4,120m
- Published:
11 May 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Hera has provided weak revenues as they decreased 5.8% yoy to €1.23bn, missing market expectations. However, a 13.4% yoy decrease in COGS has stabilised the EBITDA to €278.4m (+0.4% yoy), while a 12.6% decrease in financial expenses and a 4.8% fall in minority interest have boosted the net profit to €91.2m, a 5.3% yoy increase, beating expectations. Operating cash flow continues on its strong trajectory as it increased by 35% yoy due to an improvement in working capital, which