Brief: Sabaf Revises 2021 Estimates Upwards, Issues 2021-2023 Business Plan

Sabaf SpA

23/03/2021 17:00

March 23 (Reuters) - Sabaf SpA  SABF.MI :
    * ISSUES 2021-2023 BUSINESS PLAN
    * REVISES 2021 ESTIMATES UPWARDS
    * TARGETS SALES OF AROUND €300 MILLION IN 2023, INCLUDING
POTENTIAL CONTRIBUTION OF NEW ACQUISITIONS
    * UNDER  2021-2023 BUSINESS PLAN, TARGETS ORGANIC GROWTH:
SALES
AROUND € 250 MILLION IN 2023, AVERAGE ANNUAL GROWTH OF MORE THAN
10%
    * UNDER  2021-2023 BUSINESS PLAN, TARGETS GROWTH BY
ACQUISITIONS:
REVENUE OF AT LEAST €50 MILLION
    * BOARD PROPOSES DISTRIBUTION OF GROSS ORDINARY DIVIDEND OF
€0.55
PER SHARE
    * BUSINESS PLAN SETS GROSS PROFITABILITY (EBITDA%) OF AT
LEAST 19%
BY 2023 AND INCREASE OF RETURN ON INVESTMENTS OF AT LEAST 1
PERCENTAGE POINT COMPARED TO 11.5% OF 2020
    * TREND IN SALES AND ORDERS IN FIRST MONTHS OF 2021
CONFIRMED THE
VERY STRONG DEMAND OF END OF  2020
    * UNDER PLAN, PLANS TOTAL INVESTMENTS OF €130 MILLION
(INCLUDING
THOSE AIMED TO M&A) AND DIVIDEND PAYMENTS OF €20 MILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nBIA9fdStd
Further company coverage:  SABF.MI 

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