investments for 800 million euros, Ebitda of approximately 670 million euros in 2015 (+3,2% annually), net financial position down by around 700 million on 2011 and at the end of the plan less than 2 billion euro. These are the data released by the Iren group on the update to the 2013-2015 Business Plan.
Over the three-year period, the Italian multi-utility intends to consolidate and strengthen its position in the waste management, integrated water cycle and district heating sectors, for both internal and external growth lines, with particular focus on the reference territories born from (the group provides public utility services in the provinces of Genoa, Turin, Reggio Emilia, Parma and Piacenza).
Among the objectives are the strengthening of financial solidity (which will mainly take place through the generation of cash flow) and the reduction of working capital. A program for the disposal of non-core assets is also on the way, a large part of which has already been completed in the last quarter of 2012, and the opening up to specific financial partnerships.
At the beginning of the afternoon, Iren's stock fell by more than three and a half points.
