Applus+ has presented its strategic plan for the period 2022 to 2024 in a virtual event that includes financial targets over the three-year plan and a new capital allocation policy. The presentation included speeches by Fernando Basabe, CEO of Applus+, Joan Amigó, CFO of Applus+, Javier López Serrano, Executive VP Energy & Industry Division, and Jordi Brufau, Executive VP Laboratories Division, as well as a Q&A session with investors.
Click here to download the full presentation of the Applus+' Strategic Plan 2022-2024.
Fernando Basabe, Chief Executive Officer of Applus+, said:
“We have an ambitious plan to unlock the value within Applus+ with clear financial targets driven by an acceleration in the portfolio mix improvements towards higher growth end markets whilst at the same time, taking actions to further mitigate business risks. We will accelerate our revenue and profit growth further aligning ourselves with the key global megatrends offering the highest opportunities for us of Energy Transition, Electrification and Connectivity. We will do this alongside a continued focus on our ESG influential position and linked to three-year performance related remuneration. And finally, as a major priority, we will deliver superior returns to our shareholders through the continued dividend policy and 2 commencing a new share buyback programme targeting 5% of the total equity capital."
Click on the video to see the full presentation: