In light of the first-half results, Rai Way updates the targets for the full-year 2025, particularly regarding the performance of Adjusted EBITDA, which is now expected to exceed 2024 levels, mainly thanks to more favourable energy tariffs and non-core benefits compared to initial forecasts. As for the underlying trends, the continued growth of the traditional business is confirmed, partially offset by the planned rise in costs related to diversification.
Regarding investments, the Company confirms an increase in maintenance activities compared to 2024, expected to be above the average levels planned over the course of the Industrial Plan due to certain non-recurring interventions already underway. Conversely, it revises downward its expectations for development investments, now forecasted to be lower than in 2024, following a slight shift to 2026 of some activities related to various initiatives.
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