Iride targets gross opg of 520 mln eur by 2011 vs 301 mln in 2006 |
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Published
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Thu, 05 Apr 2007 10:36
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MILAN (AFX) - Iride SpA, the utility company formed last year by the merger between AEM Torino SpA and Amga SpA, said it is targeting a gross operating profit of 520 mln eur by 2011, a 12 pct average annual increase compared to 301 mln in 2006.The target is based on a prudent estimate for synergies of 30 mln eur. Iride plans to invest 1.300 bln eur in 2007-2011 and expects net debt to rise to 1.350 bln by 2011 from 1.105 bln at the end of 2006.danilo.masoni@thomson.comdm/ambCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Iride, Sorgenia buy 51 pct stake in LNG terminal for 8 bln cubic metres capacity 