Inwit, in 2021 the profit grows to 191 million. Dividend + 7.5%

Inwit in 2021 the profit grows to 191 million Dividend

(Finance) – In the 2021 financial year, all the main economic and equity indicators of Inwit showed an upward trend compared to the 2020 period.

In detail, i revenues amounted to 785.1 million euros, an increase compared to the same period of 2020 (663.4 million euros) by 18.4% in reported terms and by 4.6% on a like-for-like basis.

Ebitda stood at 715 million euros, up by 18.4% compared to 2020, while Ebit was 354.7 million euros with an increase of 22% (+ 22.4% instead excluding the aforementioned one-off revenues / costs) compared to the same period of 2020.

The profit for the year amounted to 191.4 million euros, up by 22.2%.

The Board of Directors resolved to propose to the Shareholders’ Meeting the payment of a dividendrelating to the 2021 financial year and including the use of available reserves, equal to € 0.3225 for each share outstanding at the coupon date, up to a maximum amount of € 309,664,500.
The dividend will be paid on May 25, 2022 (coupon detachment date May 23 and record date May 24).

Outlook 2022
For the next year, Inwit estimates revenues in the range 850-860 million, a EBITDA between 775 and 785 million euros. Regarding the remuneration of shareholders, the company’s dividend policy is confirmed and envisages dividends per share growing by 7.5% per year in the period 2021-2023, starting from the dividend of 30 euro cents per share referring to 2020 results and paid in 2021.

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