For 2013 the following targets are envisaged:
- EBITDA to approximately 16 billion euros
- Group net ordinary income to approximately 3 billion euros
- Net financial debt to about 42 billion euros
For 2014 the following targets are envisaged:
- Net financial debt to about 37 billion euros
For 2015 the following targets are envisaged:
- EBITDA to about 16 billion euros
- Group net ordinary income to approximately 3.3 billion euros
For 2017 the following targets are envisaged:
- EBITDA to between 17 and 18 billion euros
- Group net ordinary income to between 4 and 5 billion euros
- Net financial debt to between 36 and 37 billion euros
Dividend policy
Within the 2013-2017 Business Plan, the dividend policy has been confirmed and will be based on the payout of at least 40% of Group ordinary net income. Moreover, dividends are set to be distributed once per year, without interim dividend payments.
