Brief: Aquafil Sees Investments Of EUR 90-100 Mln In 2024-2026 Industrial Plan

Aquafil SpA

12/09/2024 14:14

Sept 12 (Reuters) - Aquafil SpA  ECNL.MI :
    * PRESENTS 2024-2026 INDUSTRIAL PLAN
    * INVESTMENTS TO BE FINANCED BY €40 MILLION CAPITAL INCREASE
    * SEES INVESTMENTS OF EUR 90-100 MILLION IN INDUSTRIAL PLAN
    * ECONYL BRANDED PRODUCTS TARGETED TO ACCOUNT FOR 60% OF
REVENUES
GENERATED FROM FIBERS BY END 2025
    * SEES GROWTH IN 2025, 2026 EBITDA TO €80-87 MILLION, €90-96
MILLION,  RESPECTIVELY
    * SPECIFIC INVESTMENTS ARE PLANNED TO CONSOLIDATE PRODUCTION
CAPACITY IN CHINA
    * SEES 2024 EBITDA AROUND EUR 65 MILLION VERSUS EUR 48
MILLION IN
2023
    * NET FINANCIAL POSITION EXPECTED TO DECREASE TO AROUND
€185-195
MILLION, TO AROUND €157-167 MILLION AT END 2025 AND END 2026,
RESPECTIVELY

Further company coverage:  ECNL.MI 

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