The group has provided a positive set of results for 2015, but within expectations. Revenues increased 6.7% yoy to €4,817m, slightly above expectations. EBITDA was in line with expectations at €884.4m, representing a 1.9% yoy increase. Nevertheless, a 3.7% yoy increase in depreciation and provisions meant EBIT remained near the previous year’s level at €442.2m (+0.2% yoy), which is lower than forecasts. Despite this, an 8.7% decrease in financial expenses and a 7% decreas
23 Mar 2016
The positive trend continues supported by a diversified approach
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The positive trend continues supported by a diversified approach
Hera S.p.A. (HE9:FRA) | 0 0 1.2% | Mkt Cap: 4,120m
- Published:
23 Mar 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
The group has provided a positive set of results for 2015, but within expectations. Revenues increased 6.7% yoy to €4,817m, slightly above expectations. EBITDA was in line with expectations at €884.4m, representing a 1.9% yoy increase. Nevertheless, a 3.7% yoy increase in depreciation and provisions meant EBIT remained near the previous year’s level at €442.2m (+0.2% yoy), which is lower than forecasts. Despite this, an 8.7% decrease in financial expenses and a 7% decreas