The growth in value distributed is mainly attributable to the improvement in the Group’s economic performance, resulting in the distribution of higher dividends among shareholders and a higher tax burden due to income taxes paid to communities.
Lastly, the value distributed to lenders is up by 0.4 billion euros, as a result of the increase in the relevant interest rates.
In terms of expectations over the course of the three-year Plan, a total of 60.3 billion euros (72.9% of the value created) is expected to be distributed in the 2023-2025 period, representing a rise of 7.4 billion euros compared to the three-year period 2022-2024 covered by the previous Industrial Plan (which thus envisaged a distribution of 69.2%). The two plans are compared in the table below: