The Italian multi-utility company has presented its FY16 results with revenue relatively flat at €4,460m (-0.6%), which was weaker than expected mainly due to the lower allowed WACC under the new regulatory parameters in Italy and the lower revenues from electricity and gas sales from the fall in commodity prices. However, both top- and bottom-line earnings were better than expected with EBITDA reaching €916.6m (+3.6%) and net income €207.3m (+14.8%), driven mainly by lower COG
21 Mar 2017
M&A and cost efficiencies support results, offsetting lower regulated earnings
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M&A and cost efficiencies support results, offsetting lower regulated earnings
Hera S.p.A. (HE9:FRA) | 0 0 1.2% | Mkt Cap: 4,120m
- Published:
21 Mar 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
3
The Italian multi-utility company has presented its FY16 results with revenue relatively flat at €4,460m (-0.6%), which was weaker than expected mainly due to the lower allowed WACC under the new regulatory parameters in Italy and the lower revenues from electricity and gas sales from the fall in commodity prices. However, both top- and bottom-line earnings were better than expected with EBITDA reaching €916.6m (+3.6%) and net income €207.3m (+14.8%), driven mainly by lower COG