Hera has published its 9M 16 results with revenues falling 3.1% yoy to €3,105m, but EBITDA increased by 1.6% yoy to €650.6m, operating profit rose +3.8% yoy to €329m, pre-tax profit rose 9.5% yoy to €239.1m, and net income increased by +13.8% yoy to reach €142.2m. On the revenue side, lower revenues were affected by the downward revision of the WACC and lower commodity prices. However, a margin improvement has been achieved through lower gas imports and reduced costs
10 Nov 2016
From a weak top-line to a strong EPS performance
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From a weak top-line to a strong EPS performance
Hera S.p.A. (HE9:FRA) | 0 0 1.2% | Mkt Cap: 4,120m
- Published:
10 Nov 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Hera has published its 9M 16 results with revenues falling 3.1% yoy to €3,105m, but EBITDA increased by 1.6% yoy to €650.6m, operating profit rose +3.8% yoy to €329m, pre-tax profit rose 9.5% yoy to €239.1m, and net income increased by +13.8% yoy to reach €142.2m. On the revenue side, lower revenues were affected by the downward revision of the WACC and lower commodity prices. However, a margin improvement has been achieved through lower gas imports and reduced costs