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RCS: the BoD gives the green light to the 2013-2015 development plan

The plan approved today envisages 300 million investments for growth and innovation – Digital revenues by 2015 should rise to 25% of the total, stable at 1,6 billion euros – The share on the stock market is bad.

RCS: the BoD gives the green light to the 2013-2015 development plan

The Rcs Board of Directors, which met today, gave the green light for the 2013/2015 development plan, a plan which, as announced by the company in a press release, has the objective of strengthening the capital and financial structure, and provides for investments of approximately 300 million euros for growth and innovation strategies.

The plan envisages, by 2015, that the contribution of digital revenues rises to 25% of the total, stable at 1,6 billion, and that Ebitda, before recurring charges, will rise to 160 million euros. Confirmed cost savings and divestments of non-core assets of the group.

The reaction of the markets was very cold, with the Rcs Mediagroup share losing 2,29% on the stock exchange at 1,237 euros per share. 

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