INWIT, net profit rises to 73.9 million euros and revenues + 9.3%

1659041963 INWIT net profit rises to 739 million euros and revenues

(Finance) – INWIT closes the accounts as at 30 June with a net profit of 73.9 million euros, up 43.4% compared to the same period 2021.

THE revenues attest to 210.7 million euros with a organic growth of 9.3% in the second quarter of 2022 compared to the previous year, a consequence of the progressive impact of the new hospitality contracted in the previous quarters. EBITDA amounts to 191.7 million euroswith an increase of 9% compared to the same period of 2021. This growth, together with the greater efficiency in rental costs, has led to an expansion of the EBITDAaL marginwhich stands at 143.5 million euros (+ 12.9%).

The Recurring Free Cash Flow is equal to 101.1 million euros, an increase of + 10.7% compared to the same period of 2021. Gli industrial investments they are equal to approximately 38.8 million euro, an increase of + 6.4% compared to the previous quarter.

Net financial debt stands at € 4.3 billion as at 30 June 2022. The increase, in line with expectations, is due to the payment of the dividend.

2022 guidance confirmed as he comes improved from 2023 guidance reflecting the changed inflationary scenario and the indexation of contracts to this variable. Expected revenues at 920-960 million euros, EBITDA at 840-880 million euros and EBITDAaL 650-690 million euros.

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