Solid Q3 trends; on track to reach FY23 consensus profitability estimates
Q3 EBITDA growth was c. 18% YoY (to EUR289m) thanks to a positive performance in the electricity sector, which continued to benefit from higher unitary margins and higher sales from energy efficiency projects. On the contrary, the gas sector suffered from a tough basis of comparison as it normalized in 2023 and waste EBITDA was flattish in Q3 despite the consolidation of ACR. The customer base growth accelerated to c. +9% ....

08 Nov 2023
Solid PandL trends in Q3, FCF generation to restart in Q4

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Solid PandL trends in Q3, FCF generation to restart in Q4
HERA (HER:BIT), 0 | Hera S.p.A. (HER:MIL), 0
- Published:
08 Nov 2023 -
Author:
Baldelli Michele BM -
Pages:
7 -
Solid Q3 trends; on track to reach FY23 consensus profitability estimates
Q3 EBITDA growth was c. 18% YoY (to EUR289m) thanks to a positive performance in the electricity sector, which continued to benefit from higher unitary margins and higher sales from energy efficiency projects. On the contrary, the gas sector suffered from a tough basis of comparison as it normalized in 2023 and waste EBITDA was flattish in Q3 despite the consolidation of ACR. The customer base growth accelerated to c. +9% ....