(Finance) – Open Fiber It closed 2024 with revenues of 675 million euros, compared to 582 million at the end of 2023, with an increase of 16%. THE’Ebitda recorded 276 million compared to 234 million in 2023, with a marginality of 40% (similar to 2023). The net result, equal to -364 million euros (-296 million in 2023), is not yet significant indicator given the intensity of capital of the infrastructure development in progress. The net assets amounts to 1.27 billion euros. There Net financial position It amounts to 6.04 billion euros. The company plans to reach the positive cash flow by 2028.
Open Fiber has also updated the Decades of industrial planwith horizon 2025-2034. The new plan foresees about 10 billion investments for the total coverage of over 20 million real estate units.
The company has increased its sources financial Through an additional credit line of 1.05 billion euros made available by primary national and international credit institutions – which is added to the 7.2 billion of the previous project financing – and with the shareholders’ commitment to subscribe to a capital increase for about 1 billion euros. During the year 2024 it took place with Infratel Italy the procedure of rebalancing of the economic-financial plans (PEF) of the conventions relating to the plan for the ultralarga band (BUL), which ended in February 2025. For the purposes of rebalancing, with the ministerial decree of 21 January 2025, implementing the Budget Law 2025, contributions were granted for a total of 660 million euros.
The results described above, which give Open Fiber the resources necessary to complete their own Cover projects in FTTH Of the national territory, they are the result of an intense work developed during the whole year by the company with all its main stakeholders: the financial system and shareholders, the government, the Mimit, the Department for Digital Transformation (DTD), Infratel Italia, the system of the regions and local autonomies.
Joseph ThroatCEO of Open Fiber, commented: “Open Fiber is confirmed as the main FTTH fiber operator of Italy and one of the main protagonists of the digitization of the country. The finalization of the Project Financing guarantees the company all the resources necessary to achieve the objectives of the industrial plan, and in particular to complete the Bul Plan in small municipalities and the Italian Plan to 1 Giga financed with PNRR funds. We continue to work to make available to all citizens, from large cities to rural and industrial areas, ultra -fast connectivity and the possibility of accessing the latest generation digital services “.
At the end of 2024 Open Fiber had connected to approximately FTTH optic fiber 15.9 million real estate units. Over 300 partners use the network created by Open Fiber, including all the main Italian operators and some internationals. The marketing of FTTH connectivity services is open in 240 large and medium cities (Areas Black) and in 6615 municipalities in the white areas, where Open Fiber has created over 94% of the coverage in the context of Floor Bully. The company is then engaged in the eight lots of the Italian Plan with 1 Giga financed with PNRR funds. As of 31/12/2024, over 3.3 million customers were active on the entire network created by Open Fiber.
During 2025, Open Fiber will further increase his focus commercial both in segment residential that in that business, working with operators and local administrations to encourage migration to the new fiber optic lines, giving value to private and public investments for the realization of the network. In particular, the company is developing initiatives aimed at testing large -scale extension models of the use of FTTH networks instead of Legacy infrastructure, also in collaboration with institutions and partners.
The Board of Directors also approved the Sustainability report 2024the document that for the fifth year of publication describes the commitment of Open Fiber in the field of sustainability. Among the main goals of the year, the approval of the first plan of sustainability, a document that integrates the ESG dimensions in the corporate business, the adhesion to a global compact, an initiative of the United Nations created to promote a more inclusive and sustainable global economy, as well as the confirmation of important certifications such as those for quality management, health and safety, environment, energy and gender equality.