Hera SpA (OTCPK:HRASF)

$ 2.82 0 (0%) Market Cap: 5.45 Bil Enterprise Value: 9.14 Bil PE Ratio: 11.48 PB Ratio: 1.47 GF Score: 77/100

Half Year 2019 Hera SpA Earnings Call Transcript

Jul 30, 2019 / 01:00PM GMT

Release Date Price: $2.61

Transcript

Operator

[Interpreted] Good morning, this is the Chorus Call operator, and welcome to the presentation of the financial results for Hera Group June 30, 2019.

(Operator Instructions)

I'd now like to give the floor to Mr. Tomaso Tommasi di Vignano, Hera Group's Executive Chairman. You have the floor, sir.

Tomaso Tommasi di Vignano

Hera S.p.A. - Executive Chairman & Group President

[Interpreted] Good afternoon, everybody. We apologize for the slight delay. Our Board meeting was filled with the information to be discussed, of course, because we are about to go on holidays for the summer, which means that we were discussing all things today. I'm sure you've already read the press release. We are quite satisfied, and I hope you are, too, since as you can see on the first page of the presentation, our EBITDA is up to EUR 546 million with a EUR 22 million growth, equal to plus 4.3% year-on-year. Keep in mind that the growth is almost exclusively organic because, as we'll be seeing, the contribution of 2 M&A transactions was very limited during the

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