While EBITDA at €481m is slightly below expectations, the adjusted group net result of €106m is in line. Globally, figures fell short of the target range but show no structural weaknesses. Capex should increase as investments outside Italy are numerous, but a clearer outlook for the FY21-FY25 period is expected when the Q1 21 results are released.
12 Mar 2021
FY20 slightly below expectations; new business plan to be announced
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FY20 slightly below expectations; new business plan to be announced
- Published:
12 Mar 2021 -
Author:
Nicolas Bouthors -
Pages:
3
While EBITDA at €481m is slightly below expectations, the adjusted group net result of €106m is in line. Globally, figures fell short of the target range but show no structural weaknesses. Capex should increase as investments outside Italy are numerous, but a clearer outlook for the FY21-FY25 period is expected when the Q1 21 results are released.