Business
INTRED S.p.A: Board of Directors approves draft financial statements at 31 december 2024.
INTRED S.p.A: Board of Directors approves draft financial statements at 31 december
About this update from Intred Spa
[{"type":"text","content":"Press Release\n BOARD OF DIRECTORS APPROVES\n DRAFT FINANCIAL STATEMENTS AT 31 DECEMBER 2024\n INVESTMENT ON PROPRIETARY NETWORK DRIVES\n REVENUE TO € 55.2 MN\n EBITDA REACHES BEST EVER RESULT AT € 24.0 MN, WITH\n EBITDA MARGIN AT 43%\n • REVENUE at € 55.2 million, up 10.3% versus € 50.1 million in 2023\n • EBITDA1 at € 24.0 million, up 6.7% versus € 22.5 million in 2023 (EBITDA margin at 43.0%)\n • EBIT at € 11.8 million versus € 12.7 million in 2023 (EBIT margin at 21.0%)\n • Net profit at € 6.9 million versus € 8.2 million in 2023, due to higher investment and financial expense\n • Investment of € 32.2 million, focused on the development of the proprietary network, which grew by approximately 14.6% versus the prior year, exceeding 13,500 km at end 2024\n • Net financial debt (NFD) at € 32.9 million versus € 20.9 million at 31 December 2023\n • Proposed ordinary dividend of € 0.10 per share\n • Resolution on calling of Ordinary Shareholders' Meeting\n Brescia, 25 March 2025 - Intred S.p.A. (\"Intred\" or the \"Company\"), a telecommunications company listed since July 2018 on the Euronext Growth Milan market of Borsa Italiana (symbol: ITD.MI), met today and reviewed and approved the draft financial statements at 31 December 2024, prepared in accordance with the EGM Italy Issuer Regulation and in accordance with Italian accounting standards.\n In the words of Daniele Peli, Co-Founder and CEO of Intred S.p.A.: \"We closed 2024 on a strong note, with over 10% growth and revenue exceeding € 55 million, driven mainly by\n 1 EBITDA: Alternative Performance Measure: EBITDA (Earnings Before Interest Taxes Depreciations and Amortizations), an APM not defined by the Italian accounting standards, but used by Management to monitor and measure its performance, as it is not affected by volatility, due to the effects of the range of criteria for determining taxable income, the amount and nature of capital employed and the associated amortization/depreciati on policies. This measure is defined by Intred as Profit/(Loss) for the period before amortization and depreciation of tangible and intangible fixed assets, financial income and expense, and income tax.\n Ultra Broadband services and recurring fees. Our network expansion, now reaching 13,500 km, has reinforced our presence across Lombardy, enabling more widespread connections. 2024 was a p...