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Reti Telematiche Italiane SpA (LIT.MI)

LIT.MI on Milan Stock Exchange

1.40EUR
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Retelit FY net profit falls to EUR 2.9 mln
Wednesday, 15 Mar 2017 12:06pm EDT 

Reti Telematiche Italiane SpA : FY revenue 49.6 million euros ($52.70 million) versus 42.1 million euros a year ago . FY net profit 2.9 million euros versus 3.4 million euros a year ago . Guidance 2017: turnover between 60 million euros and 63 million euros . Guidance 2017: EBITDA between 20 million euros and 23 million euros . Targets turnover in 2021 between 89 million euros and 93 million euros .Targets EBITDA in 2021 between 44 million euros and 46 million euros.  Full Article

Retelit launches network service in partnership with BICS
Tuesday, 28 Feb 2017 02:47am EST 

Reti Telematiche Italiane SpA : Launches network service (Bari-Europe Backhaul) in partnership with BICS, a telecommunication services provider .Under partnership, BICS acquires from Retelit 60 Gbps of the AAE-1 cable's submarine capacity.  Full Article

Retelit acquires 9.5 pct stake in project Open Hub Med
Friday, 17 Feb 2017 02:51am EST 

Reti Telematiche Italiane SpA : Enters project Open Hub Med by acquiring a stake of 100,000 euros ($106,570.00), corresponding to 9.5 percent .Open Hub Med is a hub in Italy for the exchange of data communications, landing of submarine cables in the Mediterranean sea.  Full Article

Retelit 9-month net profit down at EUR 1.8 million
Wednesday, 9 Nov 2016 08:34am EST 

Reti Telematiche Italiane SpA : 9-month revenue 36.6 million euros ($40.38 million) versus 30.1 million euros year ago .9-month net profit 1.8 million euros versus 2.1 million euros year ago.  Full Article

Retelit H1 net profit falls to EUR 1.3 mln
Tuesday, 2 Aug 2016 08:05am EDT 

Reti Telematiche Italiane SpA : H1 revenue 24.6 million euros ($27.54 million) versus 19.7 million euros a year ago . H1 net profit 1.3 million euros versus 2.2 million euros a year ago . Expects FY 2016 turnover between 44 million euros and 46 million euros . Expects FY 2016 EBITDA between 11 million euros and 12 million euros .Sees FY 2016 results to be positioned at least on the high end of the guidance range.  Full Article

Retelit signs financing agreement of EUR 1.9 mln
Friday, 29 Jul 2016 04:48am EDT 

Reti Telematiche Italiane SpA : Signs financing agreement of 1.9 million euros ($2.11 million) at subsidized rates with Banco Popolare Soc. Coop. .The financing to replace pre-financing already effective with the same bank.  Full Article

Reti Telematiche Italiane Q1 revenue up 30 pct to 12.4 millions
Thursday, 12 May 2016 01:36am EDT 

Reti Telematiche Italiane SpA : Q1 revenue 12.4 million euros ($14.16 million) versus 9.5 million euros year ago . Q1 EBITDA growth of 48 pct to 3.4 million euros(2.3 million euros in 1Q 2015) . Q1 net profit was 0.5 million euros , compared to euro 3.5 million in 1Q 2015 .The performance in the initial months of 2016 is in line with the 2016-2020 industrial plan.  Full Article

Reti Telematiche Italiane SpA unit gets 30 mln euro credit lines
Friday, 18 Dec 2015 09:14am EST 

Reti Telematiche Italiane SpA:Unit e-via SpA gets two five-year credit lines for up to 30 million euros in total.  Full Article

Reti Telematiche Italiane SpA gives FY 2015 guidance
Friday, 28 Aug 2015 11:45am EDT 

Reti Telematiche Italiane SpA:Sees FY 2015 revenues between 39 million euros and 41 million euros.Sees FY 2015 EBITDA between 9 million euros and 10 million euros.  Full Article

Reti Telematiche Italiane SpA sees possible return to profitability in FY 2016-Reuters
Tuesday, 23 Jun 2015 11:17am EDT 

Reti Telematiche Italiane SpA:Sees to return to profit in FY 2016, one year before what was previously announced-Reuters.Sees FY 2015 EBIT loss and FY 2015 EBITDA loss to shrink.  Full Article

More From Around the Web

BRIEF-Retelit FY net profit falls to EUR 2.9 mln

* FY revenue 49.6 million euros ($52.70 million) versus 42.1 million euros a year ago