You will have taken note that in the budget process you are asked to provide a CAPEX BUDGET.
I must say that the focus next year will be not only on EBITDA but also on EBIT and NET RESULT.
So I ask you to pay a specific attention to your capex budget and the consequences on your ebit and net result.
The capex budgets must be detailed in terms of "renewal or new", "financial lease or equity" and "type" of investments (cf budget templates)
During the presentations, would you please show how you have constructed your budget based on historical data, growth assumptions, and other assumptions.
You must know that for the group the work you have done means a better forecast of it's free cash flow.
And, no need to tell you how important that is for a fast growing group like Atalian!
I am counting on you all and I stay available will you have any question.
Best regards