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Retelit Q1 revenues up 14% to EUR 17 mln, doubles net profit

Friday 10 May 2019 | 15:41 CET | News
Italian telecommunications infrastructure provider Retelit reported revenues of EUR 17.0 million in the first quarter of 2019, up 14.2 percent compared to the year-earlier result of EUR 14.9 million thanks to increased telecommunication services revenues in both national and international wholesale markets. The company said it received EUR 9.2 million in new orders in the first 3 months of the year, helping to boost quarterly EBITDA to EUR 6.7 million, up 28 percent year on year thanks in part to the adoption of IFRS 16 standards, with the EBITDA margin rising 4.3 percentage points to 39.3

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Categories: Fixed
Companies: Retelit
Countries: Italy
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