(Alliance News) - SG Co Spa announced Thursday that it has approved its new idustrial plan to 2026.

Economic and financial targets report a turnover of EUR50.3 million, Ebitda of EUR4.2 million, and an NFP/Ebitda ratio of less than 3.0x.

The business macro-areas in which the group is active are: business development, Entertainment&Media, Digital Innovation, and Data valorization.

The company explained that M&A will continue to be financed primarily by the group's ability to generate cash and partly through leverage. "Growth by external lines represents the main strategic line of business development, and target companies are mainly evaluated in terms of complementarity, marginality of the business and presence of experienced entrepreneurs/managers akin to SG Company's management, with whom to forge long-lasting collaborative relationships," as stated in the company's note.

Davide Verdesca and Francesco Merone, CEO & Chairman and CFO of SG Company, respectively, commented, "The new business plan has been developed on a more solid foundation and a more optimistic context than the three years just past, which for a group that based its core business on events, in a pandemic context, was particularly penalizing. Today, SG Company is the parent company of several entities, some already established, others in the development phase, rich in professionalism and with challenging financial goals, and intends to communicate to its shareholders that it is on the road to growth."

"We are proceeding with organizational streamlining activities to improve the margins of mature companies, not just volume growth. We are also meeting with companies, again in the world of communications, that can bring in other professional skills and enable us to achieve our goals. On the numerical targets front, the values presented in the last Business Plan have been exceeded and, also with reference to the new plan, we believe that we can outperform or reach our targets ahead of schedule, both through ordinary organic growth, but above all by continuing to focus strongly on strategic acquisition operations."

SG Co trades in the green by 8.4 percent at EUR0.27 per share.

By Claudia Cavaliere, Alliance News reporter

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