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Inwit revenues up 8.5% to EUR 103 mln in Q1, EBITDA up 6%

Tuesday 12 May 2020 | 10:20 CET | News
Italian mobile towers group Inwit reported revenues of EUR 103 million in the first quarter of 2020, up 8.5 percent year on year, thanks in part to non-recurring revenues in the form of active contracts that expired prematurely. Net of these items, revenues grew 1.3 percent year on year. Organic earnings before interest, tax, depreciation and amortization (EBITDA) climbed 6.3 percent to EUR 88 million, with the company's EBIT rising 9.6 percent to EUR 56.7 million in the first 3 months of the year, the company's last quarterly report following its merger with Vodafone Italia's towers

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Categories: Mobile & Wireless
Companies: Inwit / Telecom Italia / Vodafone Italia
Countries: Italy
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