Brief: Safe Bag Approves New Business Plan 2018-22

TraWell SpA

29/11/2018 06:22

Nov 29 (Reuters) - Safe Bag SpA  SBG.MI :
    * APPROVES NEW STRATEGIC LINES AND MAIN ECONOMIC-FINANCIAL
TARGETS
OF NEW BUSINESS PLAN 2018-22
    * CHANGES NAME TO TRAWELL CO AND PLANS TO EXPAND ITS
BUSINESS  TO
AIRPORT SERVICES
    * SEES FY 2022 REVENUE OF EUR 75.7 MILLION, EBITDA OF EUR 14
MILLION, EQUIVALENT TO 18.5% OF REVENUE, AND NET INCOME OF EUR
9.5 MILLION
    * ESTIMATES DO NOT INCLUDE PROVISIONS RELATING TO UNIT
SOSTRAVEL.COM S.P.A. SINCE STRATEGIC LINES OF PLAN PROVIDE FOR
UNIT'S SEPARATION FROM GROUP TO BE COMPLETED BY 2019
    * INDUSTRIAL PLAN 2018-2022 PROVIDES FOR CO'S MOVE TO STAR
SEGMENT
OF MTA MARKET OF ITALIAN STOCK EXCHANGE STARTING FROM SECOND
HALF OF 2019
    * DIVIDEND PAYOUT RATIO FOR YEARS 2018-2022 WAS SET AT
MINIMUM OF
35% OF DISTRIBUTABLE PROFITS

Source text for Eikon:  ID:nBIA7DssGF 
Further company coverage:  SBG.MI 

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