(Alliance News) - The board of directors of Acinque Spa on Friday approved the group's Industrial Plan 2024-2028, which envisages total investments of EUR316 million, of which 54 percent are eligible for taxonomy aimed at ensuring value and continuity in the long term for all territories in which the group operates.

The value of projects related to specific objectives for sustainable development is EUR270 million, about 71% of the total, of which EUR224 million is investment related to the group and EUR46 million related to energy efficiency and upgrading at third parties.

Expected Ebitda in 2028 is EUR97.2 million with CAGR 2024-2028 of 3.1 percent.

Net financial debt as of 2028 is projected at EUR204 million while projected dividends have an average 2024-2028 payout of over 90 percent.

"With this document, in line with the previous strategic guidelines, Acinque wants to strengthen its positioning, qualifying itself more and more as a player - a point of reference for the integrated management of energy, environmental and water resources - able to really contribute to the progress of the territories in which it operates, taking care of them, enhancing their peculiarities and promoting their growth. Acinque tells of a territoriality that meets innovation for the benefit of all," the company specified in a note.

Acinque trades in the red by 1.5 percent at EUR1.99 per share.

By Chiara Bruschi, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.