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Finance

Italy's Hera reports 28.3% jump in first-quarter revenue

Published by Global Banking & Finance Review

Posted on May 14, 2025

1 min read

· Last updated: May 14, 2025

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Hera's Revenue Surges 28.3% in First Quarter

(Reuters) -Italian regional utility Hera posted a jump in revenues to 4.32 billion euros, up 28.3% from the same period last year, the company said on Wednesday.

The Bologna-based utility reported a 7.4% rise in net profit to 153.7 million euros ($172.68 million) and its earnings before interest, taxes, depreciation and amortisation (EBITDA) rose slightly to 418.0 million euros, up by 0.2% compared with the same period in 2024.

($1 = 0.8901 euros)

(Reporting by Laura Contemori, Editing by Louise Heavens)