Brief: Hera To Invest EUR 4.4 Bln Under New Plan Through 2027

Hera SpA

24/01/2024 11:10

Jan 24 (Reuters) - Hera SpA  HRA.MI :
    * PRESENTS BUSINESS PLAN TO 2027
    * FIVE-YEAR INVESTMENTS AT 4.4 BILLION EURO
    * SEES DIVIDENDS TO RISE BY 28% (UP TO 16 €CENTS PER SHARE IN 2027)
    * SEES 2027 EBITDA AT EUR 1.65 BILLION, +27% COMPARED TO 2022
    * SEES 2023 EBITDA TO RISE OVER 1,480 MILLION EURO (+14%)
    * SEES 2023 NET DEBT/EBITDA RATIO TO SETTLE BELOW 2.6X (FROM 3.3X IN 2022)
    * SEES 2023 DIVIDEND AT 14 EURO CENTS (+12% OVER 2022), HIGHER THAN FORECAST
BY
PLAN
    * WILL CONTINUE TO PURSUE M&A OPERATIONS
    * ROUGHLY 60% OF ENTIRE INVESTMENT PLAN GOING TO DECARBONISATION, CIRCULAR 
ECONOMY


Further company coverage:  HRA.MI 

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