Intred: 1st half-year turnover up 21%, confidence on trend continuation

Intred 1st half year turnover up 21 confidence on trend continuation

(Finance) – Intredat the end of the first half, reported a turnover of 23 million euros, up 21% compared to the same period of the previous year. The increase in turnover was mainly supported by sales of fiber optic connections (FTTH)equal to 13.2 million, in 47% increase compared to the same period last year.

“The continuous growth of Intred’s revenues, also in the first half of 2022, is a source of great satisfaction, as it means that the direction taken by the company is the correct one”, he comments Daniele PeliCo-Founder and CEO of Intred, adding that “the company, since the beginning of the year, has dedicated itself with great strength to the development of the fiber optic network throughout the Lombardy region and to the activation of FTTH users, with a particular focus on the School Announcement which reflected on the increase in the km of fiber we own. Based on these results and on the visibility provided by the activation plan relating to the School Announcement, we are confident in being able to maintain the same growth trend throughout the year. course of the year “.

The most consistent growth was recorded on services with recurring feesthe company’s core business, which they represent 86% of turnover, equal to 19.4 million, an increase of 11%. Revenues from “one-off” products and services increased by 194% to 3.2 million, mainly due to the Bando Scuole, which is contributing significantly to the expansion of sales in
provinces where the Company had a marginal presence.

In geographical terms, the most significant increases, in absolute value, are recorded in the provinces of Milan (+ 98%), Monza (+ 91%), Lecco (+ 77%), Cremona (+ 76%), Como (+73 %) and Bergamo (+ 24%).

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