(Finance) – Intradictelecommunications operator listed on Euronext Growth Milan, recorded a turnover of over in 2024 55.2 million eurosgrowing 10.3% compared to the previous operating period, while the production value was equal to 55.9 milliongrowing 10.6%.
“2024 was a fundamental year for Intudo, marked by the growth and consolidation of our position on the market. The expansion of the network, which now exceeds 13,500 km, has made it possible to respond even more effectively to the growing demand for connections In ultra broadband, thanks also to the schools, who played a decisive role in enhancing our coverage in Lombardy, reaching each municipality with at least one school – commented Daniele HairCo -Founder and CEO of Intrad -. The integration of Connecting Italy has further strengthened our offer, while the increase in activations, with particular focus on the province of Milan, highlights the solidity of our business model. With over 4,400 connected schools, our contribution to the digitization of the public administration is increasingly significant, confirming the centrality of our strategic investments “.
Intend explained that the increase in turnover was mainly supported by the sales of connections in Ultra wide bandequal to 33.9 million, an increase of 11.5% compared to the previous year period. The services with recurring canons, the company core business, which represent 88.5% of the turnover, are 48.9 million with a growth of 13.1%.
In terms geographicthe most significant growths are recorded in the provinces of Milan, Brescia, Monza, Mantua, Pavia and Varese. In particular, the Province of Milan has seen a very relevant growth, recording an increase on turnover of 26% compared to 2023
(equal to € 1.58 million). Thanks to the banks of schools, Intrad is energetically supporting the expansion of sales in all the provinces of Lombardy, with a particular focus on the local PA sector and the professional sector. In addition, the property fiber infrastructure owned, which has seen a growth of 14.6%, is now able to reach each Lombard municipality with at least one school, guaranteeing an exceptional capillarity within the entire region. The network went from over 11,700 km of late 2023 to over 13,500 km in 2024.
Regarding the type of customerslarger growth derives from sales in the professional sector, equal to 30.6 million with an increase of 16.1%. The result of sales of the residential sector, which grows by 4.6% to 9.6 million, of the Wholesale sector which recorded an increase of 9.1% to 4.2 million, and of the public administration which increases by the public administration, is also very positive. 1.2% to 10.7 million.
The “Churn Rate“On turnover, it is maintained on excellent levels and is equal to 4.7%, confirming the high level of customer loyalty to the company. With regard to the school calls, over 4,400 schools were activated out of a total of about 5,000, for a total turnover of 8.8 million in 2024.
In September 2024, the company presented the Strategic plan 2024-2027 to the Italian and international financial community, focusing on investments in innovation. Among the key initiatives, there is the creation of a new data center in Brescia: a project that not only offers growth opportunities for the city, but represents a decisive step towards advanced connectivity and more efficient management management.