Hera SpA (WBO:HERS)
€ 3.704 -0.014 (-0.38%) Market Cap: 5.35 Bil Enterprise Value: 9.17 Bil PE Ratio: 13.01 PB Ratio: 1.54 GF Score: 76/100

Half Year 2024 Hera SpA Earnings Call Transcript

Jul 31, 2024 / 01:00PM GMT
Release Date Price: €3.41 (-0.53%)
Cristian Fabbri
Hera SpA - Executive Chairman of the Hera Group

Good afternoon, everybody. We're here with the usual team, our CEO, our CFO, and our Investor Relations Director for the H1 financial results, which our Board recently approved. These results confirm the good results posted in Q1, and they are in line with our business plan, the one we approved early this year. We're seeing in terms of the revenues as a production turnover, which is down by some 33% linked to the energy scenario, with lower prices on the supply side, a lower turnover. As you know, that is a positive element for us.

And we also had some lower intermediation activities. And therefore, this is the outcome. In terms of EBITDA, after the extraordinary growth we posted last year, we're continuing to grow that in Q2, which is in line with what we had seen in Q1 this year. We are now up to EUR733 million. This is a growth which is much like in Q1, increases in terms of percentages as we move down the lines in terms of EBITDA, plus 2%, EBIT is plus 2.8% that we'll be seeing further details on the following slides all the way

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