Financial targets

Financial objectives
Acquisition strategy

Acquisition strategy

The group wants to realise acquisitions to increase growth. Acquisitions will be realised in consideration of the fact that they must be value-adding in the form of an ROIC corresponding to the Group’s financial objectives. Furthermore, the proposed acquisitions will be based on the following principles:

The necessary management must be present in the purchasing Solar enterprise.
The strategic rationale for the acquisition must be clear.
A well worked-out post-merger plan focusing on quick implementation of the group's concepts and follow-up on the recognised synergies.

The synergies will be recognised to the extent they can be rendered probable.
An isolated acquisition must not be of a scale that considerably reduces the group's financial latitude.
The risk factors will be carefully assessed and simulations of the value will be carried out.
Valuation will be based on DCF (Discounted Cash Flow) models.