Hera realised a good first quarter thanks to M&A operations in the Gas segment, cost cutting in the Water Cycle segment and higher tariffs on regulated services. Net debt was broadly stable (including the IFRS 16 effect), implying a comfortable 12m rolling net debt/EBITDA ratio of 2.5x.
15 May 2019
Good Q1 backed by higher regulated revenues
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Good Q1 backed by higher regulated revenues
Hera S.p.A. (HE9:FRA) | 0 0 1.2% | Mkt Cap: 4,120m
- Published:
15 May 2019 -
Author:
Auguste DERYCKX LIENART -
Pages:
2
Hera realised a good first quarter thanks to M&A operations in the Gas segment, cost cutting in the Water Cycle segment and higher tariffs on regulated services. Net debt was broadly stable (including the IFRS 16 effect), implying a comfortable 12m rolling net debt/EBITDA ratio of 2.5x.