Galp presented its strategy update yesterday in London. The key points are: EBITDA - EBITDA CAGR for the period 2015-20 estimated at c.15%, considering a $35/bbl oil price in 2016 and gradually reaching $70/bbl in 2020 - 2016 EBITDA is expected to be €1.2-1.3bn Capex - Average annual estimated capex revised downwards c.15% to €1.0-1.2bn in the 2016-20 period - 2016 capex estimated in the range €1.1-1.3bn FCF - Galp expects to turn free cash flow positive during 2018, assuming a
16 Mar 2016
Little news on strategy update
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Little news on strategy update
Galp Energia, SGPS S.A. Class B (GZ5:FRA) | 0 0 1.5% | Mkt Cap: 11,340m
- Published:
16 Mar 2016 -
Author:
Alexandre Andlauer -
Pages:
2
Galp presented its strategy update yesterday in London. The key points are: EBITDA - EBITDA CAGR for the period 2015-20 estimated at c.15%, considering a $35/bbl oil price in 2016 and gradually reaching $70/bbl in 2020 - 2016 EBITDA is expected to be €1.2-1.3bn Capex - Average annual estimated capex revised downwards c.15% to €1.0-1.2bn in the 2016-20 period - 2016 capex estimated in the range €1.1-1.3bn FCF - Galp expects to turn free cash flow positive during 2018, assuming a