(Alliance News) – The Board of Directors of Iren Spa approved on Tuesday the update of the business plan for 2030. Among the indicators, the company plans to achieve an Ebitda of around 1.8 billion euros in 2030, an increase of 600 million euros compared to 2023, with a CAGR of 6% thanks to organic growth, the expansion of the scope of consolidation and synergies.
Pre-budgeted gross investments amount to 8.2 billion euros, mainly allocated to the regulated network sectors – electricity, gas and integrated water cycle – “as well as to the development of new production capacities of electricity from renewable sources, to the environmental sector and to the growth of the customer base,” the note reads.
The net financial position/Ebitda ratio is expected to improve to 2.7 times in 2030.
The company expects the group’s net profit to exceed €400 million by 2030, with an average annual growth rate of 7%.
The expected dividend is, until 2027, equal to the maximum value between an annual increase of 8% and a distribution of 60% of the group’s ordinary net profit. For subsequent years, it will be equal to 60%.
On Tuesday, Iren stock traded 0.2% in the red at EUR 1.97 per share.
By Maurizio Carta, journalist at Alliance News
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