The group continues its promising growth, driven by the Gas division thanks to the larger amount of trading and higher earnings in last resort services. The group was able to reduce its net debt/EBITDA ratio to 2.5x. We confirm our positive view regarding the group’s strategy, but with a limited upside for the share price.
13 Nov 2019
Q3: promising customer base increase
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Q3: promising customer base increase
Hera S.p.A. (HE9:FRA) | 0 0 1.2% | Mkt Cap: 4,120m
- Published:
13 Nov 2019 -
Author:
Auguste DERYCKX LIENART -
Pages:
2
The group continues its promising growth, driven by the Gas division thanks to the larger amount of trading and higher earnings in last resort services. The group was able to reduce its net debt/EBITDA ratio to 2.5x. We confirm our positive view regarding the group’s strategy, but with a limited upside for the share price.