World Duty Free expects to close 2014 with a consolidated turnover of 2,403 billion euros, an adjusted Ebitda of 284 million and a net debt of 950 million, while for 2015 it estimates a turnover between 2,63 and 2,67 billion euros and an adjusted Ebitda between 279 and 294 million euros.
This is what we read in a note from the company, which today approved the "optimization budget for the three-year period 2015-2017", which provides for a significant reduction in debt over the next three years, which should fall to 365 million in 2017 , and a generation of net cash of 587 million.
The plan therefore envisages that the company will achieve a turnover of 2017 billion (cagr 3,004%) and an adjusted Ebitda of 7,7 million (cagr 335%) in 5,7. Over the three-year period, the company estimates investments of 190 million.
The guidance given by the company in August envisaged year-end revenues between 2,375 and 2,425 billion euros, an Ebitda between 255 and 265 million, a cash Ebitda between 284 and 294 million and debt between 885 and 935 million. The new debt estimate is therefore higher than the previous forecasts.
World Duty Free also communicated that intends to work on its strengthening in order to continue to grow and to prepare for possible business combinations in the future. Shortly after 14,30 the WdF title earns more than 2% in Piazza Affari a 8,505 euro.
