Gruppo Hera, the Italian utility based in Bologna, has been a pioneer in Italy in providing timely and complete online investor relations information. In particular, Hera was one of the first Italian companies to present its annual reports not only in PDF, but also in HTML simultaneously in both Italian and English before the annual general meeting (AGM). Many companies in Italy struggle provide timely symmetric information in English and Italian, never mind publishing the interactive reports in time for the AGM.
A few days ago Hera presented its six-month results. We were curious to find out how it went from a communications point of view so we had a chat with their director of IR, Jens Klint Hansen.
Jens, how are things going?
Pretty well indeed since all Italian peers have just published first-half results so a seasonal peak of work is now behind our shoulders.
On Thursday August 26, during the last days of the Italian summer break, you presented your six-month results. How did it go from a communications point of view? In the past you have managed to present all disclosure in Italian and English in record time. Did you manage do keep the commitment also this year?
This year we managed to make available the information on results in all our usual formats straight away, in real time just 30 minutes after their approval by the BoD. The information was uploaded in a mini website created for H1 financial results which contains:
• Press release
• Video message
• The quarterly newsletter (addressed to retail investors)
• All data in Excel format
• Interactive tools to compare historical with historical H1 data through charts and graphs
• Analysis of analyst consensus on H1 results
• Analysis of macro-economic main KPI trends

First half results mini website
The only document made available later was, as usual, the management presentation uploaded on the HTML in the afternoon just before the conference call organised with top management to discuss results with investors and analysts.
How did you use the website during the presentation of the results?
We used it to make available the web-casting of the management presentation.
How did you improve the online communications compared with last year?
We provided the press release related to first-half results by sending the link to the HTML format of the financial report via e-mail. We think that supplying in real time a “full set of info-formats” increases the effectiveness of all information provided. The video message for example meant it was possible to better comprehend immediately the press release and promoted a “warmer” image of the Group.
What is the secret behind the results?
The sensitivity and passion of people working within the organisation. That helps to get the support from different departments and to obtain in record time the information in a “ready-to-use” format. This allowed us to coordinate effectively the work of many people engaged to pursue the goal.
A few days have passed since the online publication of the results. Have you gotten any feedback yet from analysts or investors? Have you looked at the user statistics?
We are happy with the feedback. The number of accesses to H1 results within the first 2 days from publication increased by about 70% to last year. Furthermore, people “spontaneously” expressed their satisfaction for the communication provided.
Any other lessons learned?
Relatively low budgets and market capitalisation can be by-passed in the medium to long term building up the right culture within the organisation.
Thanks a lot and all the best





