Brief: Raen Expects Up To 10.1 Mln Zloty EBITDA In 2023 Under New Strategy

Grupa Virtus SA

22/05/2023 07:49

May 22 (Reuters) - Raen SA  RAE.WA :
    * ADOPTS STRATEGY FOR 2023-2025
    * ADOPTION OF STRATEGY DUE TO CHANGE OF COMPANY'S BUSINESS
AND DUE
TO ACQUISITION OF 100%  SHARES IN SEED CAPITAL
    * RAEUNDER STRATEGY AIMS TO BECOME ONE OF LEADERS IN ENERGY
TRANSFORMATION IN POLAND
    * UNDER STRATEGY EXPECTS TO ACHIEVE UP TO 10.1 MILLION
ZLOTYS OF
EBITDA IN 2023
    * UNDER STRATEGY EXPECTS TO ACHIEVE UP TO 15.2 MILLION
ZLOTYS OF
EBITDA IN 2024
    * UNDER STRATEGY EXPECTS TO ACHIEVE UP TO 42.9 MILLION
ZLOTYS OF
EBITDA IN 2025
    * UNDER NEW STRATEGY COMPANY EXPECTS TO ACHIEVE SALES
REVENUE OF
UP TO 27.8 MILLION ZLOTYS  IN 2023
    * UNDER NEW STRATEGY COMPANY EXPECTS TO ACHIEVE SALES
REVENUE OF
UP TO 33.9 MILLION ZLOTYS IN 2024
    * UNDER NEW STRATEGY COMPANY EXPECTS TO ACHIEVE SALES
REVENUE OF
UP TO 65.9 MILLION ZLOTYS IN 2025
    * UNDER STRATEGY AIMS TO REACH 8 MW OF OWN GENERATION
CAPACITY IN
2024
    * UNDER STRATEGY AIMS TO REACH 58 MW OF OWN GENERATION
CAPACITY IN
2025
    * UNDER NEW STRATEGY COMPANY PLANS TO STRENGTHENED ITS
EQUITY
THROUGH DEBT FINANCING (INCLUDING USE OF AVAILABLE AID FUNDS),
SO THAT IT ACCOUNTS FOR ABOUT 20-25% OF INVESTMENT OUTLAYS
(CAPEX)
    * UNDER STRATEGY AIMS TO HAVE OWN ASSETS IN RENEWABLE ENERGY
SOURCES SEGMENT AND BECOME INDEPENDENT POWER PRODUCER

Source text for Eikon:  ID:nEM4kbMLfa 
Further company coverage:  RAE.WA 

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