Edition:
India

Reti Telematiche Italiane SpA (LIT.MI)

LIT.MI on Milan Stock Exchange

2.32EUR
29 Sep 2020
Change (% chg)

€0.05 (+2.21%)
Prev Close
€2.27
Open
€2.25
Day's High
€2.34
Day's Low
€2.24
Volume
1,079,133
Avg. Vol
731,488
52-wk High
€2.36
52-wk Low
€1.07

Latest Key Developments (Source: Significant Developments)

Retelit Unit Ends Partial Voluntary Tender Offer With 73.8% Subscriptions
Wednesday, 1 Jul 2020 

July 2 - Reti Telematiche Italiane ::SAID ON WEDNESDAY PARTIAL VOLUNTARY TENDER OFFER BY UNIT RETELIT DIGITAL SERVICES ENDED.AT END OF SUBSCRIPTION PERIOD A TOTAL OF 8,762,774 SHARES WERE CONTRIBUTED TO THE OFFER .SHARES SUBRSCRIBED EQUAL TO 73.792% OF SHARES SUBJECT TO THE OFFER AND 5.335% OF SHARE CAPITAL.  Full Article

Retelit Q1 Net Profit At EUR 2.3 Mln
Wednesday, 13 May 2020 

May 14 - Reti Telematiche Italiane SpA ::REPORTED ON WEDNESDAY Q1 REVENUE EUR 31.4 MLN VS EUR 15.8 MLN YEAR AGO.Q1 NET PROFIT AT EUR 2.3 MLN .CONFIRMED 2020 GUIDANCE OBJECTIVES .  Full Article

Reti Telematiche Italiane Unit Signs Financing Deal To Acquire Brennercom
Friday, 20 Mar 2020 

March 20 (Reuters) - Reti Telematiche Italiane SpA ::UNIT SIGNS FINANCING DEAL TO ACQUIRE BRENNERCOM SPA.FINANCING DEAL HAS OVERALL VALUE OF EUR 53.2 MILLION.  Full Article

Reti Telematiche Italiane FY Net Profit Up At EUR 10.9 Mln
Thursday, 12 Mar 2020 

March 12 (Reuters) - Reti Telematiche Italiane SpA ::PROPOSES DIVIDEND OF EUR 0.02 PER SHARE.FY NET PROFIT EUR 10.9 MILLION VERSUS EUR 10.1 MILLION YEAR AGO.FY REVENUE EUR 83.0 MILLION VERSUS EUR 73.0 MILLION YEAR AGO.ISSUES 2020-2024 BUSINESS PLAN.2024 EBITDA OF EURO 87-92 MILLION.FOR 2024 FORECAST REVENUES OF EURO 232-242 MILLION.GUIDANCE 2020 EBITDA OF BETWEEN EURO 51 AND EURO 56 MILLION.FORECASTS 2020 REVENUES BETWEEN EURO 165 AND EURO 175 MILLION.GUIDANCE 2020 INVESTMENTS BETWEEN EURO 28 AND EURO 33 MILLION AND UNLEVERED FREE CASH FLOW BETWEEN EURO 17 AND EURO 22 MILLION.RESERVES TO UPDATE GUIDANCE SHOULD THE "CORONAVIRUS (OR COVID-19) CRISIS" GENERATE MATERIAL IMPACTS ON THE GROUP'S ECONOMIC AND FINANCIAL INDICATORS.  Full Article

Reti Telematiche Italiane Becomes A Shareholder In Mix Srl
Wednesday, 26 Feb 2020 

Feb 26 (Reuters) - Reti Telematiche Italiane SpA ::BECAME A SHAREHOLDER IN MIX SRL, TAKING A 1.120% STAKE.TRANSACTION THROUGH INTER COMPANY TRANSFER AFTER ACQUISITION OF PA GROUP.  Full Article

Retelit Signs Joint Venture Deal With Lptic Group
Monday, 24 Feb 2020 

Feb 24 (Reuters) - Reti Telematiche Italiane SpA ::SIGNS JOINT VENTURE DEAL WITH LIBYAN POST TELECOMMUNICATIONS & INFORMATION TECHNOLOGY COMPANY GROUP LPTIC.AGREEMENT TO ESTABLISH AN ITALIAN-REGISTERED COMPANY, HELD 50% BY RETELIT AND 50% BY LPTIC.  Full Article

Retelit Postpones Acquisition Of Partners Associates To Jan. 14
Saturday, 11 Jan 2020 

Jan 13 (Reuters) - Reti Telematiche Italiane SpA ::SAID ON FRIDAY SUBSIDARY RETELIT DIGITAL SERVICES' ACQUISITION OF PARTNERS ASSOCIATES ORIGINALLY SCHEDULED FOR JAN. 10, 2020 HAS BEEN POSTPONED TO JAN. 14, 2020.ACQUISITION HAS BEEN POSTPONED IN ORDER TO COMPLETE CERTAIN PRELIMINARY TECHNICAL REQUIREMENTS.ESTABLISHMENT OF NEW UNIT DEDICATED TO SERVICES TO BE POSTPONED TO 2020 AFTER COMPLETION OF PARTNERS ASSOCIATES' ACQUISITION.  Full Article

Reti Telematiche Italiane Appoints Mirko Endrizzi CFO
Wednesday, 27 Nov 2019 

Nov 27 (Reuters) - Reti Telematiche Italiane SpA ::APPOINTS MIRKO ENDRIZZI CFO.  Full Article

Reti Telematiche Italiane 9-Month Net Profit Up At EUR 6.8 Mln
Friday, 8 Nov 2019 

Nov 8 (Reuters) - Reti Telematiche Italiane SpA ::9-MONTH TOTAL REVENUE EUR 59.0 MILLION VERSUS EUR 50.5 MILLION YEAR AGO.9-MONTH NET PROFIT EUR 6.8 MILLION VERSUS EUR 3.8 MILLION YEAR AGO.OPERATING AND EARNINGS GUIDANCE FOR 2019 IS CONFIRMED.Q3 REVENUE EUR 21.4 MILLION VERSUS EUR 17.4 MILLION YEAR AGO.Q3 EBITDA EUR 9.0 MILLION VERSUS EUR 7.6 MILLION YEAR AGO.EXPECTS 2019 REVENUES OF BETWEEN EURO 76 MILLION AND 80 MILLION AND EBITDA OF BETWEEN EURO 29 MILLION AND EURO 33 MILLION.AT BALANCE SHEET LEVEL, 2019 INVESTMENTS IN THE EURO 22 MILLION AND 28 MILLION RANGE ARE CONFIRMED.NFP, ORIGINALLY ESTIMATED AT BETWEEN EURO 17 MILLION AND 21 MILLION, AT YEAR-END IS EXPECTED IN THE EURO 1 AND 4 MILLION RANGE.  Full Article

Retelit Acquires Partners Associates S.P.A. Group
Wednesday, 23 Oct 2019 

Oct 22 (Reuters) - Reti Telematiche Italiane SpA ::RETELIT ACQUIRES PARTNERS ASSOCIATES S.P.A. GROUP.CO, THROUGH ENTIRELY HELD SUBSIDIARY WILL ACQUIRE 100% SHARES HELD BY CURRENT SHAREHOLDERS OF THE PA GROUP.BID PRICE FOR 100% OF PA GROUP IS ABOUT EURO 60 MILLION.LOAN CONTRACT SIGNED WITH SYNDICATE OF LEADING BANKS, PARTICULARLY FOR THE ACQUISITION OF PARTNERS ASSOCIATES S.P.A..INTEGRATION OF TWO ENTITIES IS EXPECTED TO SIGNIFICANTLY IMPROVE VOLUMES AND MARGINS.RETI TELEMATICHE ITALIANE- LOAN OBTAINED, IN ADDITION TO REFINANCING EXISTING RETELIT DIGITAL SERVICES & PA GROUP DEBT, IS FOR A MAXIMUM EURO 103 MILLION.RETI TELEMATICHE ITALIANE - IN TERMS OF MARGINS, SIGNIFICANT SYNERGIES ARE EXPECTED OF OVER 20% OVER CURRENT AGGREGATE EBITDA ONCE FULLY DEVELOPED.  Full Article