Sees div up 8%/yr to 2027 (Il Sole 24 Ore Radiocor) - Milan, 25 Jun - The Italian utility Iren said that it expects EBITDA to rise to 1.8 billion euros in 2030, representing a compound annual growth rate (CAGR) of 6% from 2023.

Meanwhile, the bottom line is seen rising by a CAGR of 7% to more than 400 million euros.

It also expects its dividend to grow 8% a year to 2027, with a payout of 60%.

Iren anticipates investments of 8.2 billion euros in the period to 2030.

Net debt is seen rising by 1 billion euros from 2023 to 2030 when it will reach 2.7 times EBITDA.

To finance its development over the period, Iren plans to sell the Turbigo power plant after 2027 and expects equity financing from financial parties to expand in renewables.

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(RADIOCOR) 25-06-24 19:22:20 (0695) 5 NNNN