Revenue boom for Ivy in first semester 2022. The Emilia-Romagna multiutility closed the first 6 months of the year with three-digit revenue growth (+112,8%), EBITDA at 631,2 million euros (+3,3%) and net profit at 201,7 .12,7 million euros, down by XNUMX% compared to the same period last year. After the semi-annual accounts, the title earns 0,99% to 2,74 euros.
"Despite an unstable national and international energy context and extreme market volatility, in the first half of 2022 the Hera Group recorded a better performance than in the previous year, achieving overall positive results in all business areas", he said. declared the new CEO Horace Iacono, adding that "financial solidity allowed us to confirm the important planned investment programme, which grew by more than 16% in the half-year compared to 2021 and aimed at innovation and improving the performance of networks and plants".
Hera, first half 2022: growing revenues and EBITDA
In the first half of 2022, i revenues amounted to 8.896,0 million euro, an increase of 112,8% compared to the same period last year. In particular, the "energy sectors linked mainly to the increase in the price of commodities, and the energy services linked to energy efficiency in residential buildings (facade bonus and 110% superbonus) and the increase in service activities contributed to the growth with added value for customers'”, specifies the group.
Il gross operating margin rises to 631,2 million euros from 617,9 million euros (+3,3%).
As far as the 'Net income, on the other hand, is equal to 201,7 million euros, down compared to 231,1 million in the first half of 2021 "which is inclusive of special items for 24,7 million, generated following the tax realignment and the partial repurchase of some bond,” the group explains.
Il result of financial management as at 30 June 2022 it was 50,9 million euro, an improvement of 4,2 million. The investments operating costs of the group, gross of capital grants, amounted to 287,1 million (+16,3%).
THEfinancial debt net goes from 3.261,3 million at the end of 2021 to 3.682,4 million as at 30 June, "recording an increase of approximately 421,1 million euro compared to the previous year, mainly due to the change in net working capital deriving from the higher value of gas storage already contracted”. The net debt/GOP ratio rose slightly, standing at 2,96x.
