(Finance) – The third quarter of the 2024 financial year INWIT it closed with revenues of 260.3 million euros, an increase of 7.6% compared to the same period in 2023 (242 million euros). Net of the one-off revenues present in the last financial year, the comparison with the same period of 2023 confirms growth of +7.7%.
EBITDA stands at 237.2 million euros, with a margin on revenues of 91.1 and an increase of 6.4% compared to the third quarter of 2023. Year-on-year growth is +6.5% if the aforementioned one-off revenues are excluded. EBITDAaL (EBITDA – leasing costs), the company’s main operating margin, stands at 189.5 million euros, up by +9.0% compared to the previous year, for a revenue ratio that has grown since 71 .8% of the third quarter of 2023 to 72.8% of the quarter under review; this in consideration of the more than proportional increase in EBITDA compared to the increase in leasing costs, equal to 47.7 million euros compared to 49.2 million euros in the third quarter of 2023.
THE’EBIT is equal to 140.1 million euros, with an increase of +9.1% compared to the same period in 2023;
THE’net profit it stands at 87.0 million euros, up by +2.2% compared to the same period in 2023;
Therenet financial debtequal to 4,581 million euros (including IFRS16 financial liabilities) increased (+7.2%) compared to 30 September 2023 (equal to 4,275 million euros), essentially due to the greater remuneration to shareholders in terms of dividends and buyback of own shares. Financial leverage, in terms of the ratio between net debt and EBITDA, is essentially stable at 4.8x compared to the third quarter of 2023 due to the aforementioned increase in net financial debt (financial leverage equal to 4.9x in the second quarter of 2024).
In the first nine months of fiscal 2024Revenues stood at 772.1 million euros, up by +8.3% compared to the same period in 2023 (713.2 million euros). EBITDA amounted to 705.8 million euros, up by +8.1% compared to the same period in 2023. EBITDAaL stood at 559.6 million euros, up by +10.4% compared to the same period period 2023. Net profit for the period stood at 266.0 million euros, up by +6.9% compared to the same period 2023.