Hera shares, HER share prices on the Stock Exchange

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ISIN code: IT0001250932
Sector: Utilities
Industry: Power plants

Le actions of Hera are listed on the FTSE MIB index of the Milan Stock Exchange with the ticker HER.

Look at the history of the quotation of the share on the Milan Stock Exchange

Company Description

Hera SpA (acronym for Holding Energia Risorse Ambiente) is an Italian multi-utility company operating in the electricity and gas production and distribution sector. It also offers environmental services.
It serves 311 municipalities and around 4,3 million citizens in Emilia-Romagna, Marche, Tuscany, Friuli and Veneto.

The head office is in Bologna. It has 9.011 employees.

The largest revenues are generated by the sale of gas (42%) followed by the sale of electricity (29,3%) and waste collection and management (15,1%).

Il Hera Group is listed on the FTSE MIB index of the Milan Stock Exchange.

In 'shareholding structure of the Hera Group there are 111 Municipalities in the reference area which, together with the other public shareholders, they hold an overall share of 45,9% of the share capital. The major shareholder has a stake of less than 10%.

THEshareholders, in November 2021, is composed as follows:

• Municipalities of the Province of Bologna, 11,14%
  (Municipality of Bologna), (8,40%)
• Municipalities of the Provinces of Romagna, 15,39%
  (Municipality of Imola), 7,29%
  (Municipality of Ravenna), 4,98%
• Municipalities of the Province of Modena, 7,81%
• Municipality of Trieste, 3,73%
• Municipality of Padua, 3,10%
• Municipality of Udine, 2,96%
• Municipalities of the Province of Ferrara, 1,88%
• GSGR Srl, 2,73%
• Hera, 2,19%

Il floating is 54% of the share capital and is held by private individuals divided between institutional investors, retail investors, banking foundations and companies.

There are about 300 institutional investors. They hold about 400 million shares, of which 35% are held by SRI funds. They come mainly from the United States (44,8%) and Great Britain (20,02%).

I major institutional investors I'm:

• Lazard Asset Management, 5,04%
• Pictet Asset Management Ltd.,1,81%
• Norges Bank Investment Management, 1,31%
• The Vanguard Group, Inc., 1,28%

Turnover in 2020 was 7.079 million euros with a net profit of 302,7 million.

ll share capital of the Hera Group is 1.489.538.745 euros.

Economic and financial analysis of the company

Hera was born in 2002 from the merger of 11 municipal companies in the Emilia-Romagna area. The objective of this aggregation was to create a single multi-utility to achieve excellence in energy, water, waste collection and treatment services.

in 2003 start privatisation and the procedures for listing on the Stock Exchange.

Hera's strategy is to grow over the years. There are several mergers with other companies in the energy, water and gas distribution sector, among which Agea, Acosea, Meta and Geat Distribution Gas.

The commercial branch of the group is Hera Comm which operates in the electricity and gas sectors in Italy while Hera Environment instead, it deals with industrial waste and manages the group's plant engineering system.

In 2006 it acquired a 49,79% stake in the Pesaro multi-utility company Aspes Multiservices and 46,5% of SAT.

In 2007, the merger between Aspes and Megas (Urbino) took place Marche Multiservizi (41,8% held by Hera). SAT SpA is merged by incorporation into Hera.

In July 2008 it acquires Mega Trade, a company operating in the Urbino area and owned by Marche Multiservizi. This operation leads to the creation of Hera Comm Marche.

In January 2013 he joined the Hera Group Acegas-Aps SpA(Padua-Trieste).

in 2014 Acegas-Aps e AmgaUdine flow into AcegasApsAmga, a subsidiary of the Hera Group.

In April 2017, he acquired 40% of Aliplast, a Treviso-based company specializing in waste collection. In 2018 he acquired a further 40% of the company. The remaining 20% ​​will be acquired by Hera in June 2022. The total cost of the acquisition is 35,4 million euros.

In May 2019, the Hera Group acquires 100% of Thing Environment, an inter-municipal company in the Tuscan-Emilian Apennines.

In June 2021, with the subsidiary Herambiente, acquired 70% of Recycla, Friulian company that manages three platforms for solid and liquid industrial waste with headquarters in Maniago, in the province of Pordenone.

In September 2021 Hera, through the subsidiary Herambiente, acquired 80% of Vallortigara, company that disposes of waste from industries, public administrations and citizens and manages a multifunctional platform for the treatment of special waste in Torrebelvicino (VI). Still in the same month, through its subsidiary EstEnergy, acquires from Belluno Bim Gestione Servizi Pubblici, for a consideration of 21 million euro, 11% of Ascotrade, a company active in the sale of gas and electricity, thus coming to control 100% of the share capital.