Brief: Sanlorenzo Sees 2025 EBITDA Margin Equal Or Above 19.5%

Sanlorenzo SpA

15/03/2023 07:00

March 15 (Reuters) - Sanlorenzo SpA  SNL.MI :
    * ISSUES 2023-2025 BUSINESS PLAN
    * SEES HIGH SINGLE-DIGIT CAGR OVER THE THREE-YEAR PERIOD
    * SEES  INCREASE IN EBITDA MARGIN EQUAL OR GREATER THAN
19.5% IN
2025
    * SEES  INVESTMENTS OF €143-155 MILLION OVER THE THREE-YEAR
PERIOD, TO SUPPORT ORGANIC GROWTH NET OF ANY  EXTRAORDINARY
TRANSACTIONS
    * SEES  NET CASH POSITION OF €185-205 MILLION IN 2025
    * SEES INCREASING NUMBER OF MODELS FROM CURRENT 26 TO 36
    * TO EXPAND PRODUCTION CAPACITY BY 25% BY 2025, TAKING
UTILISATION
TO AROUND 85%.
    * SEES CASH GENERATION  IN 2025 OVER €100 MILLION
    * SEES HIGH SINGLE-DIGIT CAGR IN REVENUES FROM NEW YACHTS IN
2025
    * PLAN ENVISAGES A DIVIDEND PAY-OUT OF 30-40%, EXCLUDING
RELEVANT
EXTRAORDINARY INVESTMENTS AND M&A
    * SEES GROUP NET PROFIT BETWEEN EUR 84-86 MLN IN 2023

Further company coverage:  SNL.MI 

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