Infrastrutture Wireless Italiane S.p.A. (0R8S) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. This is the Coruscall Conference operator. Welcome and thank you for joining the first quarter 2025 Inuit Financial Results Conference call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Mr. Fabio Ruffini, head of investor relations of Inuit. Please go ahead, sir. Good morning, everyone. Thanks for joining. We meet today at Diego Galli, Inuit general manager, and Emilia Trudo, CFO. Before we begin, please allow me to draw your attention to the safe harbor statement on page two. And as usual, we will hold a brief presentation and then open the floor to Q&A. Over to you, Diego. Thank you, Fabio, and good morning, everyone. First quarter results display a solid start of the year in line with the 2025-2030 business plan. Revenues were up in the mid-single digits with a further expansion in EBITDA margins. MSA commitments are on track. There is continued momentum in smart infra, with revenues up more than 50%. Land acquisition pushes on, benefiting profitability and positive cash flow generation. From an industrial point of view, INWIT continues to invest in shared digital infrastructure at accretive returns. This means more sites, more POPs, more smart infra locations, and land ownership. These results were achieved in the context of the Italian telecommunication industry, which is evolving fast, with several important transactions announced and perhaps more to come. Two more results confirmed the resilience of the business model, based on shared economics, an enabler of greater efficiency ...