Hera sees 2027 EBITDA at 1.65 billion euros under new industrial plan

Hera SpA

24/01/2024 11:22

MILAN, Jan 24 (Reuters) - Italian utility Hera  HRA.MI 
is targeting an increase in core earnings (EBITDA) to 1.65
billion euros ($1.80 billion) as part of its new industrial plan
to 2027 it presented on Wednesday.
    That constitutes a 27% increase from 1.3 billion euros in
2022.
    The group, which sells gas, electricity and water to the
Italian market, expects its dividends to rise by 28% compared to
2020, to 16 euro cents per share in 2027.
    Hera plans to invest 4.4 billion euro in the five-year plan,
with about 60% of investments going into decarbonisation and the
circular economy.
 ($1 = 0.9179 euros)

 (Reporting by Alessandro Parodi
Editing by Keith Weir)
 ((Alessandro.Parodi@thomsonreuters.com;))