For the first time since 2010 "all the guidance for the second consecutive financial year was met" he underlines after the board of directors (still in progress, ed.) examined the preliminary data, recalling that the approval of the draft financial statements and consolidated financial statements is on the agenda for another meeting on March 6.
"The delayering (separation) plan continues in line with the times communicated" reiterates Tim and recalls that the new 2024-2026 industrial plan will be presented to the market on the occasion of CapitalMarket Day on March 7th.
Returning to the accounts, during the fourth quarter, cost containment actions continued in Italy, which has a target of 1.5 billion by 2024, reaching 106% of the incremental target of 800 million euros at the end of 2023.
The cumulative reduction in the two-year period 2022-2023 was therefore equal to approximately 1.1 billion euros.
Investments amounted to 4 billion euros at group level, of which 3.1 billion euros related to the domestic business.
The liquidity margin is equal to approximately 9.2 billion euros (including PNRR advances), and covers debt maturities until 2025.
Reproduction reserved © Copyright ANSA