Hera reported a rather good set of Q1 results. Revenue and attributable net profit rose 10% on the back of strong growth in the gas business (EBITDA +9.3%) on higher trading volumes as well as robust Waste and Water activities (+4%), more than offsetting lower results in the electricity business (-6.4%) due to several planned maintenance and lower trading activities. The group’s net debt decreased from €2,523m to €2,502m, 2.5x the group’s rolling 12-month EBITDA.
11 May 2018
Robust gas trading offsets lower electricity earnings in Q1 18
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Robust gas trading offsets lower electricity earnings in Q1 18
Hera S.p.A. (HE9:FRA) | 0 0 1.2% | Mkt Cap: 4,120m
- Published:
11 May 2018 -
Author:
Edouard Enault -
Pages:
3
Hera reported a rather good set of Q1 results. Revenue and attributable net profit rose 10% on the back of strong growth in the gas business (EBITDA +9.3%) on higher trading volumes as well as robust Waste and Water activities (+4%), more than offsetting lower results in the electricity business (-6.4%) due to several planned maintenance and lower trading activities. The group’s net debt decreased from €2,523m to €2,502m, 2.5x the group’s rolling 12-month EBITDA.