Italy's Hera posts 15.1% rise in 9-month adjusted EBITDA

Hera SpA

08/11/2023 11:06

Nov 8 (Reuters) - Italian regional utility Hera  HRA.MI 
on Wednesday posted a 15.1% rise in nine-month adjusted core
profit (EBITDA) to 1.01 billion euros ($1.08 billion) on strong
contributions from the energy and waste management sectors.
    "All of our businesses contributed to this growth, more than
80% underpinned by our energy supply business due to a 9%
increase in our customer base," Executive Chairman Cristian
Fabbri said.
    Bologna-based Hera reported a 23.5% fall in revenue to 10.96
billion euros on lower energy commodity prices and a fall in gas
volumes sold due to mild weather in the first six months of
2023. 
    ($1 = 0.9381 euros)

 (Reporting by Romolo Tosiani; editing by Jason Neely)
 ((Romolo.Tosiani@tr.com;))