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GEA Grenevia SA News Story

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Brief: Grenevia Aims For Positive EBITDA Margin In Each Segment Of Group In 2030

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
 Further company coverage: GEA1.WA

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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