400 million for dividends and acquisitions – Corriere.it

The pandemic has caused a surge in purchases towards electronics, digital and household appliances and Unieuro has decided to increase the investments that will support the new industrial plan. The board of directors has thus given the green light to the five-year Strategic Plan which includes up to 265 million investments to transform the group into the omnichannel market setter of the sector. The consumer electronics and household appliances chain, the result of the acquisition of the homonymous company founded by Paolo Farinetti, Oscar’s father, and later owned by Dixons, by the SGM of the Silvestrini family, then passed to the Rhone capital Fund, listed by 2017 and became a public company that for a couple of months has also attracted Iliad Italia to the capital, through Iliad Holding and Iliad, which bought 12%, becoming the first single shareholder followed by Amundi, with 5%.

Investments

The board estimates

strong cash generation throughout the Plan, at the service of growth, in Italy and abroad, and of the remuneration of shareholders. Net cash at the end of the 2025/26 financial year will be between 370 and 390 million euros (net of the 2021 dividend), with expected revenues of up to 3.3 billion euros in the 2025/26 financial year compared to 2.4 billion before -Covid, up 4/6% annually compared to + 1/2% of the market and an adjusted EBIT of between 85 and 95 million euros in the 2025/26 financial year, to the new historical record and growing of 45/62 % compared to the pre-Covid year, with expected cash generation between 65 and 75 million. Unieuro has approved the strategic plan to 2026, which implements the Omni-Journey strategy, with the aim of making the electronics chain the ideal answer to every need related to the world of technology, always promoting responsible innovation. In the five-year period, investments of up to 265 million euros are planned, accompanied by strong cash generation throughout the plan to serve growth, in Italy and abroad, and shareholder remuneration, with the aim of achieving a financial position net, at the end of the year 2025/26, positive and between 370 and 390 million.

READ  Facebook, the decision of the Council of State: it will not be able to declare itself free


Objective 3.3 billion in revenues

Revenues will rise to 3.3 billion

at the end of the plan, compared to 2.4 billion before Covid, up 4-6% per year compared to + 1/2% of the market. In 2025/26 adjusted EBIT will hit a new historical record, even higher than the exceptionally high level of the 2020/21 financial year and between 85 and 95 million euros, with an expected growth of between 45 and 62% compared to 58 , 7 million scored before Covid. Free cash flows are expected between 65 and 75 million, compared to 57 generated in 2019/20, with an increase between 15 and 33%. At the end of the plan, thanks to the results, net cash will increase from 154.8 million at 28 February to 370-390 million. The guidance for the current year foresees revenues at 2.8-2.9 billion, the normalization of operating profit after the non-repeatable benefits of the previous year, with an adjusted EBIT expected between 65 and 75 million, up between ’11 and 28% compared to the pre-Covid year. Free cash flows are expected between 65 and 75 million, compared to 57 generated in 2019/20, with an increase between 15 and 33%. At the end of the plan, thanks to the results, net cash will increase from 154.8 million at 28 February to 370-390 million.

Model

The estimate for the current year

estimates revenues of 2.8-2.9 billion. Our goal is to become the natural, physical and digital destination of the technology consumer thanks to our omnichannel strategy on the entire customer experience not only in the purchase phase but also in those that anticipate and follow it, said the CEO of Unieuro, Giancarlo Nicosanti Monterastelli, underlining the goal of transforming the distribution chain from a market leader to a market setter that looks to the future and wants to lead the market even beyond traditional choices, anticipating trends, in a profitable and sustainable. Only a month ago we presented to the market the best balance sheet in Unieuro’s history, crowning a constant growth path that has drawn further energy and motivation from the landing on the stock market and from the subsequent evolution into a public company, commented Nicosanti Monterastelli. While we are preparing to detach a record-breaking dividend and debut in the Ftse Italia Mid Cap index, today we are taking another historic step, presenting to the market an ambitious strategic plan which aims at the definitive omnichannel transformation of Unieuro for the total benefit of its stakeholders, primarily customers and shareholders.

READ  Recovery, the revolt of 500 mayors "70 percent of the funds in the South"

The public companion

To our shareholders,

we envisage a Unieuro that will continue to grow more than the reference market and the solid cash generation will allow us to remunerate the capital and to seize opportunities never before explored, in Italy and abroad, added the CEO. Only a month ago – he said – we presented to the market the best balance sheet in the history of Unieuro, crowning a constant growth path that has drawn further energy and motivation from the landing on the Stock Exchange and from the subsequent evolution into a public company. And while we are preparing to detach a record dividend and debut in the Ftse Italia Mid Cap index, we take another historic step, presenting an ambitious Strategic Plan to the market. Our goal is to become the natural, physical and digital destination of the technology consumer thanks to our omnichannel strategy on the entire customer experience not only in the purchase phase but also in those that anticipate and follow it.

Leave a Reply

Your email address will not be published. Required fields are marked *