The Strategic Plan maps out a new phase in
The industry is navigating through new waves of secular changes and fast shocks to their core businesses, seeking guidance to continue to deliver results while looking ahead to respond to key global external pressures. The market is now looking for an integrated approach based on the following 5 key pillars: 1. Technological Know-How 2. Broad Portfolio of Solutions 3. Breakthrough Innovation 4. Flawless Delivery in a Complex Environment 5. Ability to Drive a Broader Ecosystem
These 5 pillars allow to move well beyond the traditional EPC value chain and represent the foundation of
As a consequence of the reorganization already launched in 2022, a new reporting structure has been adopted based on two Business Units
Sustainable
Integrated E&C Solutions (IE&CS): this unit focuses on project execution and synergies on projects with STS, as well as greater operational efficiency. Due to the nature of these activities, for this business unit we expect high volumes and margins in line with the average EPC contracts.
The growth reported by the 2023-2032 Strategic Plan is expected to be achieved not only organically but also through significant investments over the plan's time horizon of more than
The new strategy, together with the new organizational and reporting model, allows the unlocking of the technology's embedded value.
This press release contains forward-looking statements. These statements are based on the Group's current estimates and projections with respect to future events and, by their nature, are subject to an inherent component of risk and uncertainty. Actual results could differ materially from those contained in such statements due to a variety of factors, including continued volatility and further deterioration in capital and financial markets, changes in commodity prices, changes in macroeconomic conditions and economic growth, and other changes in business conditions, as well as other factors, most of which are beyond the Group's control.
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