Finance
Italy's Hera raises investment and dividends in business plan to end of 2028
Published by Global Banking and Finance Review
Posted on January 23, 2025
1 min readLast updated: January 27, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 23, 2025
1 min readLast updated: January 27, 2026
Hera plans a €5.1B investment by 2028, focusing on green transition and profit growth. Dividends will rise by 21%.
(Reuters) - Italian regional utility Hera aims to invest 5.1 billion euros ($5.30 billion) over the coming four years to develop resilient industrial assets in the face of market volatility and extreme weather events, it said on Thursday.
Roughly 3 billion euros of the planned investments in its business plan to the end of 2028 will be dedicated to green transition while 300 million euros will be set aside for mergers and acquisitions.
The group, which sells gas, electricity and water to the Italian market, also said it expects annual core profit to reach 1.7 billion euros by the end of the period, up roughly 14% from 2023.
Hera's statement also flagged preliminary results for last year, estimating earnings before interest, depreciation and amortisation (EBITDA) above 1.55 billion euros.
The company said it aims to increase dividends by 21% to 17 cents per share over the course of the plan, having forecast a payout of 15 cents on 2024 results.
($1 = 0.9619 euros)
(Reporting by Enrico Sciacovelli and Michela Stasio; Editing Jason Neely and David Goodman)
The article discusses Hera's investment and dividend plans up to 2028, focusing on green transition and profit growth.
Hera plans to invest €5.1 billion by the end of 2028.
Hera expects annual core profit to reach €1.7 billion by 2028.
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