Trevi jumps after approves industrial plan to 2027

Trevi Finanziaria Industriale SpA

27/12/2023 10:14

** Shares in Italy's Trevi Finanziaria Industriale  TFI.MI  rise
over 8% after the engineering group approved on Saturday its
industrial plan to 2027
** A Milan-based trader says that the market is betting on Trevi
in an otherwise quiet session due to the positive news
** The group said it expects its recurring core earnings
(EBITDA) margin to improve to over 13% by end-2027 from around
12% forecast for 2023
** It said its year-to-date order intake as of November was 700
million euros ($773.64 million) and forecast a compound annual
growth rate in revenues of about 5% between 2023 and 2027
($1 = 0.9048 euros)

 (Reporting by Alessandro Parodi and Giancarlo Navach)
 ((alessandro.parodi@thomsonreuters.com))