(Alliance News) - Aquafil Spa presented its 2023-2025 strategic plan on Tuesday, reporting, for the period, a forecast of growth in sales volumes.

However, for fiscal year 2023, in terms of volumes, a negative change of between 3 percent and 4 percent compared to the previous year is expected.

Expected Ebitda for FY 2023 is in the range of EUR45-50 million while adjusted Ebitda from this effect is in the range of EUR68-70 million.

Expected Net Financial Position is positioned in a range of EUR250-260 million also due to debt containment actions implemented during the year.

The vision for the two-year period 2024-2025, on the other hand, "forecasts growing volumes for all three product lines. The company expects "a market recovery in the apparel fibers sector in EMEA and the U.S. after the sharp decline suffered during 2023, new prospects for polymers strengthened by the Engineering Plastics business, and a continuously expanding market for flooring fibers in Asia Pacific," as clarified by CEO, Giulio Bonazzi.

Regarding the Net Financial Position, the goal to 2025 is to reduce it in the range of EUR50 to 60 million. The result "will be a consequence of the higher Ebitda generated as well as the actions of

optimization implemented during the period," the note says.

When it comes to individual years, in 2024 the company expects an overall volume increase of between 4 percent and 7 percent compared to the previous year.

Expected Ebitda for fiscal 2024 is in the range of EUR76-82 million, up from the previous year.

NFP is expected to be in a range of EUR225-235 million due to positive cash generation from operating activities and Capex, amounting to approximately EUR2 -30 million.

Overall sales volumes in 2025 are expected to increase between 6% and 9% compared to 2024. Expected Ebitda for fiscal 2025 is in the range of EUR84-92 million and for NFP a range of EUR190-200 million is expected.

Aquafil's stock is down 1.1 percent at EUR2.83 per share.

By Chiara Bruschi, Alliance News reporter

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