Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Posted By Global Banking and Finance Review

Posted on January 23, 2025

Italy's Hera raises investment and dividends in business plan to end of 2028

(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)

Recommended for you

  • Lufthansa Airlines 'not there yet' on profitability, says CEO

  • Polish c.banker Tyrowicz still sees no reason to cut interest rates

  • China says it will work with Netherlands to maintain stable global supply chain