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Alteo updates strategy

Green Energy

Listed alternative energy company Alteo said it aims to raise its annual EBITDA to HUF 11 billion by 2026 in an updated strategy released on Monday, according to a report by state news wire MTI.

Alteo noted that its EBITDA exceeded HUF 7 billion in 2021, a target it had initially set to reach in 2024.

The company sees its investment volume reaching or exceeding HUF 35 bln in the period between 2022 and 2026.

Alteo said it sees the chance for its dividend to "grow significantly" in the coming 1-3 years from the HUF 24-per-share dividend it paid on 2020 earnings.

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