Brief: Italia Independent Group Issues 2020-2024 Development Plan

IIG SpA in Liquidazione

19/01/2021 06:58

Jan 19 (Reuters) - Italia Independent Group SpA  IINT.MI :
    * ISSUED ON MONDAY 2020-2024 DEVELOPMENT PLAN 
    * UNDER PLAN, REVENUES TO GROW TO EUR 42 MLN WITHIN 2024 
    * UNDER PLAN, POSITIVE EBITDA (EUR +2.4 MLN) IN 2022 AND
POSITIVE
RESULT (+EUR 3 MLN) STARTING FROM 2023 
    * SEES 2020 REVENUE UP 12% YEAR ON YEAR 
    * SEES 2020 EBITDA NEGATIVE FOR EUR 1 MLN 
    * BOARD RESOLVED TO EXERCISE THE POWER TO EXECUTE CAPITAL
INCREASE
IN OPTION FOR UP TO EUR 7.8 MLN (INCLUDING PREMIUM) 

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA6rXxg2
    
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