July 4 (Reuters) - Grenevia SA GEA1.WA:
SAID ON THURSDAY THAT MANAGEMENT HAS ADOPTED UPDATED STRATEGIC DIRECTIONS FOR THE GROUP
THE AIM OF THE UPDATED STRATEGIC DIRECTIONS IS THE FURTHER TRANSFORMATION OF THE GROUP TOWARDS A DIVERSIFIED INVESTMENT HOLDING OPERATING IN THE FOLLOWING AREAS: RENEWABLE ENERGY PROJECTS, ENERGY STORAGE, E-MOBILITY, WIND ENERGY IN THE AREA OF SERVICE AND COMPONENTS, MACHINES, DEVICES AND SERVICES FOR THE ENERGY SECTOR, MACHINES, DEVICES AND SERVICES FOR THE MINING SECTOR, SYNERGISTIC INDUSTRIES AND REAL ESTATE
DEVELOPMENT IN THE ABOVE-MENTIONED AREAS WILL TAKE PLACE BOTH THROUGH ORGANIC GROWTH AND ACQUISITIONS
COMPANY EXPECTS THAT THE IMPLEMENTATION OF THE SET STRATEGIC DIRECTIONS WILL ALLOW FOR ACHIEVING A POSITIVE EBITDA MARGIN AT THE LEVEL OF EACH SEGMENT OF THE GROUP IN 2030
COMPANY EXPECTS THAT THE IMPLEMENTATION OF THE SET STRATEGIC DIRECTIONS WILL ALLOW REACHING A LEVEL BELOW 25% OF THE GROUP'S REVENUES DEPENDENT ON THE THERMAL COAL SECTOR IN 2030
COMPANY EXPECTS THAT THE IMPLEMENTATION OF THE SET STRATEGIC DIRECTIONS WILL ALLOW MAINTAINING GROUP'S NET DEBT TO EBITDA RATIO AT A LEVEL BELOW 3 IN 2030
COMPANY EXPECTS THAT THE IMPLEMENTATION OF THE SET STRATEGIC DIRECTIONS WILL ENABLE THE STABILIZATION OF CASH FLOWS IN THE GROUP IN 2030
THE GROUP WILL REINVEST ITS PROFITS IN FINANCING DEVELOPMENT WHILE EFFECTIVELY MANAGING FINANCIAL SURPLUSES BY INVESTING THEM IN THE DEBT AND MONEY MARKETS
Source text: nEMbdMw9qa
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