(Finance) – The Board of Directors of Innovateca company listed on Euronext Growth Milan and active in the sectors of energy efficiency and environmental sustainability, has approved the 2025-2027 Development Plan for the Energy Efficiency and Renewables business which will remain with the issuer following the demerger and listing at the EGM – expected at the beginning of 2025 – of the subholding Haiki+, active in the Environment and Circular Economy business.
The 2025-2027 business unit Development Plan confirms Innovatec’s post-demerger commitment to developing a fully operational business model based on renewable energy, aimed at capturing the strong growth trend in photovoltaic capacity installed globally, and with theobjective of creating value over time for the company and shareholders.
The Plan foresees a three-year period total investments of 27 million eurosassisted by project finance for 20 million euros, in order to enhance its photovoltaic pipeline both by selling the plants that will be built to third parties and by becoming asset managers of the same, conveying their energy production to businesses, families and energy communities .
Furthermore, it is expected the construction and revamping of photovoltaic systems small, medium and large scale on behalf of its customers for a total of approximately 200MW. Objective achievable by leveraging: i) the expertise and ability to execute WELL YESa reference player in Italy in the construction and maintenance of photovoltaic systems with a continuously evolving order book of approximately 43 million euros and ii) on the commercial activity carried out by Innovatec Energy in the B2B and CER sector.
There guidance 2025 predicts: value of production at 66 million euros, Adj EBITDA at 4.3 million, Adj EBITDA Margin at approximately 6.5%, negative cash Net Financial Position of approximately -4.7 million. THE target to 2027 they are: production value at 88 million, Adj EBITDA at 9.4 million, Adj EBITDA Margin at 11%, Negative cash Net Financial Position of approximately 12 million.
The commitment to a balanced capital structure and the maintenance of debt ratios in line with the sector industry has been confirmed. A. is expected NFP/EBITDA ratio Adj over the Plan period of just over 2x, decreasing at the end of 2027 to 1.33x following the use of project finance deriving from the significant investment plan for the growth of the Industry component of the development, construction and management of PV plants owned.