- The Group targets over €800 million in revenue and €130 million in EBITDA, combining organic and inorganic growth
- The new plan estimates an order backlog exceeding €1.3 billion by the end of 2028 and cumulative investments of more than €150 million over the plan period
- As of Q1 2026, 55% of the full-year organic revenue forecast is already secured
Madrid, April 28, 2026. – Amper today presented, within the framework of its first Capital Markets Day, an update of its 2026–2028 Strategic Plan, a roadmap through which the company aims to consolidate its position as a Spanish mid-cap leader in dual-use technologies and accelerate growth in strategic markets such as Defense and National Security and Energy and Sustainability.
The plan marks a new phase of profitable growth, supported both by the organic expansion of its businesses and an active inorganic growth strategy through acquisitions and partnerships. The company enters this stage following its 2023–2025 transformation process, during which it sharpened its strategic focus, streamlined its perimeter, improved operational efficiency, strengthened its balance sheet, and delivered on its key financial targets for 2025.
The 2026–2028 Strategic Plan envisages Amper reaching over €800 million in revenue and more than €130 million in EBITDA by 2028, compared to €254 million in revenue and €46 million in EBITDA at year-end 2025. This growth will be driven by the organic evolution of existing businesses—contributing approximately €620 million in revenue and €90 million in EBITDA—as well as an inorganic growth strategy expected to add over €200 million in revenue and more than €40 million in EBITDA through corporate transactions.
The company also expects to increase its organic order backlog to over €1.3 billion by 2028, compared to €695 million at year-end 2025. This evolution reflects the growing visibility of the Group’s businesses and Amper’s positioning in high-growth strategic sectors.
To support this growth, Amper plans to undertake cumulative investments exceeding €150 million between 2026 and 2028, including €125.3 million in expansion Capex and €26.6 million in maintenance Capex. These investments aim to strengthen industrial and technological capabilities, develop new facilities, expand international presence, and accelerate R&D programs in dual-use technologies.
The Group starts from a position of high visibility for 2026, with approximately 55% of its full-year organic revenue already secured in Q1. This backlog reflects the strong performance of the company’s businesses and the increasing weight of activities linked to strategic autonomy, technological sovereignty, and national security.
Defense and National Security will be one of the main pillars of the plan. Amper aims to establish itself as a reference platform for the Spanish and European defense industry, complementing major national players and contributing to strategic autonomy and technological sovereignty. In this area, the company plans to strengthen its capabilities in communications, protection systems, and energy management and storage.
Inorganic growth will also play a key role. Amper plans to acquire between three and five companies in Defense and National Security, with the aim of enhancing its industrial and technological capabilities while contributing to the consolidation of the Spanish industrial ecosystem. In line with its strategy, the company envisages mixed payment structures (cash and shares), the participation of co-investors, and maintains its commitment to keeping its net debt to EBITDA ratio below 3.0x.
At the same time, the Energy and Sustainability division will remain a key growth driver, supported by international expansion in power grids, particularly in Brazil, and the development of the offshore business, which the company identifies as a major growth catalyst from 2028 onwards.
According to Enrique López, CEO of Amper:
“Having completed our Transformation Plan and achieved our core financial targets, we are entering a new phase in which Amper will become a platform for profitable and sustained growth, supported by our positioning and dual-use technological and industrial capabilities in high-growth sectors critical to strategic autonomy, such as Defense and National Security and Energy and Sustainability. Within the Plan, following an intensive process, we will soon execute the planned inorganic growth transactions