In the constantly evolving context of telecommunications, Infrastrutture Wireless Italiane SpA (INWIT) reported positive results in the first quarter of 2024, confirming a constant growth trend in the main industrial, economic and financial indicators.
INWIT’s consolidated revenues in the first quarter of 2024 reached 254.6 million euros, recording an increase of 9.0% compared to the same period of the previous year.
This increase was driven by the positive contribution of the adjustment of rents to inflation, the growth of hospitality and the development of revenues from new services.
EBITDA, a fundamental indicator of profitability, increased by 9.0% compared to the first quarter of 2023, reaching 233.0 million euros. The EBITDAaL margin, which represents the company’s main operating margin, showed growth of 11.1%, reaching 184.0 million euros. This increase was favored by the efficiency of leasing costs and by an improvement in the margin on revenues, which went from 70.9% to 72.2%.
Net profit for the period was 89.7 million euros, marking an increase of 8.3% compared to the same period of the previous year. Furthermore, investments in infrastructure to support operators increased by 60.1%, reaching 91.6 million euros.
“INWIT continues to achieve positive results thanks to continuous investments in shared infrastructures, thus contributing to the reduction of the digital divide”, commented the General Director Diego Galli. “Our commitment to the creation and management of integrated infrastructures, both outdoor and indoor, is crucial to supporting operators’ 5G connectivity services.”
Looking to the future, INWIT aims to maintain sustained growth, forecasting an increase in revenues in the range of 1,030-1,060 million euros for the full year 2024, together with an EBITDA margin above 91% and an EBITDAaL margin around 73%. . The company also aims to continue the investment plan aimed at intercepting the growing demand in the sector.
Furthermore, INWIT confirmed the shareholder remuneration policy, approving the distribution of an overall dividend for the 2023 financial year amounting to 452,810,632.77 euros, which will be distributed on May 22, 2024.
With a solid financial base and a strategy focused on infrastructure expansion and sustainability, INWIT confirms itself as a key player in the telecommunications landscape, actively contributing to the connectivity of the Italian territory.