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Hera S.p.A.: Business Overview, Financials & Competitive Analysis

Hera S.p.A., commonly known as Hera Group, is a multiutility company based in Bologna, Italy. The company operates in the distribution of gas, water, energy, and waste disposal across multiple provinces in central and...

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What's in This Report
Hera S.p.A. OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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7/ 10Strong

Cyborg Score thesis

Market-leading Italian multi-utility with dominant waste position, regulatory tailwinds from sustainability mandates, and...

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Industry Integrated utilities and waste management
4 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: June 29, 2026
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Hera S.p.A. Overview

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Hera S.p.A., commonly known as Hera Group, is a multiutility company based in Bologna, Italy. The company operates in the distribution of gas, water, energy, and waste disposal across multiple provinces in central and northeastern Italy. Listed on the Stock Exchange since 2003, Hera is one of the largest national multi-utility companies.

Strategic Profile

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As of 2025, Hera was the number one Italian domestic operator in waste treated (7.6 million tons), second place for water volumes supplied (286 million m³), third in gas distribution (12.5 billion m³), and fifth in electricity distribution (16.3 TWh). The company operates across waste management and treatment, water services, energy distribution and sales, plus public lighting and telecommunications, following a business model focused on creating shared value for stakeholders.

Competitive Landscape

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Hera competes against domestic operators including A2A (strong in gas and electricity distribution in northern Italy), Iren (water and waste services in the northwest), and Acea (utilities in Rome region). Internationally, Hera faces competition from global firms like SUEZ (now Veolia), a key player in water treatment and waste services across Europe.

Industry Context

Hera S.p.A. operates in Integrated utilities and waste management.

Key facts

Founded: 2002 · Headquarters: Bologna, Italy · Employees: 10,456

What the analysts stress-tested

The top findings that survived the multi-agent debate for Hera S.p.A..

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Recent developments

Material events tracked by the AskCyborg corpus.

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Named competitors

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A2AItalian multi-utility; leading position in gas and electricity distribution in northern ItalyIrenItalian multi-utility; strengths in water and waste management services in northwest ItalyAceaItalian utility operator; focuses on water, energy, and waste services in Rome regionVeoliaGlobal environmental services; key competitor in water treatment and waste management across Europe

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Industry context

Hera S.p.A. operates in Integrated utilities and waste management. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Hera S.p.A. do?+
Hera S.p.A., commonly known as Hera Group, is a multiutility company based in Bologna, Italy. The company operates in the distribution of gas, water, energy, and waste disposal across multiple provinces in central and...
What is Hera S.p.A.'s Cyborg Score?+
Hera S.p.A. has a Cyborg Score of 7/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Hera S.p.A.'s main competitors?+
Named competitors include A2A, Iren, Acea, Veolia. The full competitive landscape is in the AskCyborg report.
How can I get the full Hera S.p.A. research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Hera S.p.A. research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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