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Growth policies

The strategy of focusing on core activities led to the rationalisation of the portfolio, with the consequent disposal of smaller businesses and corporate rationalisation through a leaner organisational structure in line with the new Groupís management logics.

In the field of energy activity, the development strategies were always aimed at consolidating the important position in core sectors (distribution and sale of gas) in the reference territory, both through improvement of networks and quality of service and through improvement of after-sales service. The dual fuel strategy, involving the expansion of the electricity services offered to existing customers, was supported by a parallel and prudent upstream strategy of self generation development complementing the market procurement sources. All of this made it possible to maintain a low risk-exposure profile in an area in which the Group did not have obvious capabilities.

In the waste disposal market, in which Hera is the market leader in Italy, the strategy was aimed at strengthening the plant structure for sustainable management with regard to the environment. In a market featuring a seriously underdeveloped infrastructure, the Groupís goal was to develop a fully-integrated plant system, capable of reusing waste materials and extracting energy from waste, through an ambitious investment policy involving the improvement of efficiency and rationalisation of operating activities.

In regulated businesses Hera adopted a strategy to improve efficiency and develop plants through infrastructures in the reference territories, strengthening positions in local markets and consolidating strong points with a view to gaining contracts when they expired and were put out to tender

 
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