HERA, half year profit of 201.7 million euros, is affected by extraordinary items

HERA half year profit of 2017 million euros is affected

(Finance) – In the first half of 2022, HERA reported a net profit of 201.7 million eurosdown from 231.1 million in the first half of 2021, including special items for 24.7 million generated following the tax realignment and the partial repurchase of some bonds.

THE revenues amounted to € 8,896 million, a sharp increase (+ 112.8%) compared to the 4,179.7 million at 30 June 2021, while the MOL rises to 631.2 million euros (+ 3.3%) compared to 610.9 million at 30 June 2021.

Investments up to 287.1 million euros (+ 16.3%) ed financial debt net up to 3,682.4 million at 30 June 2022, with an increase of approximately 421.1 million euros compared to the previous year, mainly due to the change in net working capital deriving from the higher value of gas stocks already contracted to manage better the needs of the next thermal season and guaranteeing quality and continuity of the service
to its customers.

“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 first half of the previous year, achieving overall positive results in all business areas”, he said. declared the Chief Executive Officer Orazio Iaconoadding “the financial strength of the Group allowed us to confirm the important planned investment program, which grew by over 16% in the half year compared to 2021 and aimed at innovation and improving the performance of networks and plants, in optics to always ensure the highest quality and efficiency of services “.

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