ΑKTOR Group is launching a capital raising plan aimed at funding investments of around 3 billion euros by 2031, seeking to raise 1 billion euros through a share capital increase and a bond issue.
The new growth strategy was presented by AKTOR Chairman and Chief Executive Alexandros Exarchou, who described it as a roadmap for transforming the group into a diversified infrastructure and energy company with a stronger presence in Southeast Europe and a greater contribution from businesses generating recurring cash flows.The plan includes an expansion into the retail energy market, investments in energy storage systems in Bulgaria, participation in new concession projects in Romania and interest in the port of Elefsina.
Under the strategy, management has set a long-term target of increasing revenue to 4.5-5 billion euros and adjusted EBITDA to 600-700 million euros by 2031. In the medium term, it expects revenue of 2.3-2.8 billion euros and adjusted EBITDA of 375-425 million euros, while aiming for around 60% of operating profitability to come from activities with recurring cash flows, mainly concessions and energy.
Net leverage is projected to reach between 3.5 and 4 times EBITDA over the long term. The investment programme will be financed primarily through a 650 million euro share capital increase and a 300 million euro bond issue.
