Trevi - Finanziaria Industriale S.p.A. ("Trevifin" or the "Company") informs that, in the late afternoon of yesterday, the Board of Directors examined and approved the update of the current Consolidated Industrial Plan 2022-2026 (see, inter alia, the press release of September 30, 2022), extending its duration by one year to 2027.
In this context, the updated Industrial Plan 2023-2027 incorporates the most recent financial data, confirming the original strategic guidelines and the achievement of the objectives of the restructuring plan approved by the Board of Directors on November 17, 2022, in the manner and timeframe provided therein (see, inter alia, the press release issued on the same date).
In more detail, the objectives of the previously announced Industrial Plan remain confirmed, including: - CAGR of revenues in the reference period 2023-2027 of approximately +5%; - Recurring EBITDA margin improvement from around 12% expected by the end of 2023 to over 13% expected by the end of 2027; - Increasing cash generation thanks to the positive contribution of both business divisions, leading to a net financial position to recurring EBITDA ratio below 2x, starting from the end of 2026.
Regarding the evolution of the two divisions over the plan period, it should be noted that both will contribute to revenue and recurring EBITDA growth.
As of November 30, 2023, the Trevi Group's backlog amounted to Euro 757 million (+28%), an increase of Euro 170 million compared to December 31, 2022.
The Group's order intake amounted to Euro 700 million, a 6% increase compared to the Group's annual target of Euro 659 million, thanks to the Trevi Division, which exceeded the annual target by +21%.
The Company will communicate further information in the coming weeks regarding the presentation of the updated Consolidated Industrial Plan 2023-2027 to the financial community.
Summary data of the Consolidated Industrial Plan 2023-2027.
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