Alteo is preparing a regional scale leap

Alteo’s results over the past 3 years have significantly exceeded the objectives set out in its 2022-2026 strategy, its EBITDA actually achieved in 2023 was, for example, almost double what it had set for 2026, and the planned capital investment volume was 20 percent higher with projects accepted until the end of 2024.

Posted on Thursday strategy update not only did they take into account that the company made good use of the available market opportunities and exceeded the strategic objectives well in advance, but also that its majority ownership – through its presence in foreign markets, its knowledge of the market and its network of contacts – offers significant potential for both regional expansion , and to take advantage of synergy opportunities.

“Our new vision is for Alteo to become a regional sustainability champion by 2030, that is, to export our efforts to spread energy production and circular economy, as well as our market-leading solutions to the countries of the region, as a result of which, by the end of the strategic cycle, it can also be intertwined with sustainability at the regional level our company name,” he said Jr. Attila Chikanthe president and CEO of Alteo.

Strategic focuses

Alteo’s revised strategy continues to focus on energy, in which, with the continuous development of digitization and knowledge-based complex production management solutions, the expansion of the renewable portfolio, and in addition to acquiring new business in maintenance and operation and energy trading activities, it lays the foundation for the exploitation of synergy opportunities within the ownership circle. growth.

In the field of the circular economy, the company sets a new level in waste management
aiming to build competences and activities covering the entire value chain, and to further increase the proportion of materials returned to the cycle by involving new technologies and material flows – such as used batteries or solar panels.

A significant novelty of the strategy just published is the regional focus, setting the goal that, in addition to expanding the domestic market presence, the company will also enter specific markets in the Central European region. The regional markets where the majority ownership of Alteo already has a strong presence and market relations system.

The goal is EBITDA of 300 million euros

• The goal is to create a regional green portfolio with a total capacity of 1,500-2,000 MW by the end of 2030.
• The strategic plan also states that the company should expand its production management services as well as its operation and maintenance capabilities in the countries of the region, as well as strengthen its retail and wholesale presence.
• The primary goal in the circular economy to become a leader in the domestic marketafter which the opportunities for foreign expansion are also assessed.

To achieve its strategic objectives, Alteo wants to invest up to 2-2.5 billion euros and sets an EBITDA goal of 300 million by 2030.