GO Internet, board of directors approves new Business Plan to 2027

(Alliance News) - The board of directors of GO Internet Spa on Friday approved the new Business Plan 2023-2027 drafted in line and continuity with the previous Plan approved on June 8, 2020.

The plan forecasts revenues between EUR15.5 and EUR16.5 million, Ebitda between EUR2.5 million and EUR3.0 million, an Ebitda margin between 17 percent and 18 percent, and a negative Net Financial Position between EUR2.8 and EUR2.0 million.

Capital expenditures, the company writes in a note, are expected "to be significantly reduced due to the abandonment of the infrastructure business model, and to be at a constant annual value between EUR2.2 and EUR2.7 million."

GO Internet on Friday closed 9.5 percent in the red at EUR0.067 per share.

By Chiara Bruschi, Alliance News reporter

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