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Retelit Q1 revenues double to EUR 34 mln following PA Group merger

Thursday 14 May 2020 | 09:05 CET | News
Italian telecommunications infrastructure provider Retelit reported first quarter revenues of EUR 34.2 million, double the year-earlier result of EUR 17.0 million following the acquisition of Udine-based Partner Associates SpA Group (PA Group) in January. The company's first-quarter EBIT likewise doubled to EUR 3.2 million, with EBITDA climbing 51 percent year on year to EUR 10.0 million and net profit rising 75 percent to EUR 2.3 million. Retelit added that even without the consolidation of PA Group, its revenues for the first 3 months of the year would have amounted to EUR 19.3 million, up

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Categories: Fixed
Companies: Retelit
Countries: Italy
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