Implenia: EBIT forecast confirmed
Construction group Implenia believes it is on track to implement its new strategy and confirms its EBIT guidance for the current year.
Implenia is making "substantial progress" in implementing its plans to become an integrated, multinational leading construction and real estate services provider, it writes in a statement. At the same time, the company confirms its forecast for operating profit in 2021: Ebit is expected to exceed CHF 100 million at group level, which will further strengthen equity.
Implenia aims to improve its equity by at least CHF 80 million in 2022. The construction group intends to achieve this primarily through improved profitability from its operating business and active management of its assets, including its real estate portfolio and financial investments. Implenia adds that it is thus well positioned "to evaluate the best option for refinancing the convertible bond maturing in June 2022". On November 3, the company placed a 150 million bond, the proceeds of which will be used to repay the convertible bond.
Fiscal 2021 results will be released on March 1, 2022. (ah)
