Core Viewpoint - Voltalia has launched the SPRING transformation plan aimed at driving sustainable and profitable growth by refocusing on core activities, improving operational efficiency, and enhancing profitability [1][4][6] Strategic Drivers - The SPRING plan focuses on four strategic drivers: refocusing on core activities and geographies, clarifying the operating model, improving performance through efficiency and optimization, and enhancing profitability and value creation [3][6][12] - The company aims to self-finance 300 to 400 MW of growth annually from 2026 to 2030, with a target of returning to a positive net result starting in 2026 [1][4][13] Financial Objectives - Voltalia projects medium-term cash inflows of €300 to €350 million mainly between 2026 and 2028, with recurring cash savings expected to reach around €45 million per year from 2026 onwards [8][14] - The company targets an EBITDA of €300-325 million by 2027, with Energy Sales contributing €270-300 million [14][15] - By 2030, the EBITDA margins for Energy Sales are expected to be between 70%-72%, and for Services, between 9%-11% [14][15] Operational Focus - Voltalia plans to concentrate resources on a maximum of twelve promising geographies while exiting non-strategic markets [12] - The company will focus on three priority technologies: Solar, Onshore wind, and Battery storage [12] - A dedicated subsidiary will be created to enhance the competitiveness of construction and maintenance services [12] Long-term Vision - The company aims to achieve a net debt-to-EBITDA ratio of 7.5x to 8.0x by 2030, reinforcing its balance sheet [14][15] - Voltalia is positioning itself to initiate dividend distribution by 2028 [13][14]