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Reti Telematiche Italiane SpA (LIT.MI)

LIT.MI on Milan Stock Exchange

1.65EUR
13 Dec 2019
Change (% chg)

€-0.04 (-2.42%)
Prev Close
€1.70
Open
€1.70
Day's High
€1.71
Day's Low
€1.62
Volume
2,059,227
Avg. Vol
783,156
52-wk High
€1.87
52-wk Low
€1.27

Latest Key Developments (Source: Significant Developments)

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

Reti Telematiche Italiane H1 Net Profit Up At EUR 3.3 Mln
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - RETI TELEMATICHE ITALIANE SpA ::H1 REVENUE EUR 37.7 MILLION VERSUS EUR 33.1 MILLION YEAR AGO.H1 NET PROFIT EUR 3.3 MILLION VERSUS EUR 2.2 MILLION YEAR AGO.FOR 2019, FORESEES TURNOVER OF EUR 76-80 MILLION, EBITDA EUR 29-33 MILLION, INVESTMENTS EUR 22-28 MILLION.2019 GUIDANCE AT EQUITY, FINANCIAL AND EARNINGS LEVEL CONFIRMED.  Full Article

Retelit: Presidency Of Council Positively Concludes Probe Into Separation Of Co's Activities
Wednesday, 26 Jun 2019 

June 26 (Reuters) - Reti Telematiche Italiane SpA (Retelit) ::PRESIDENCY OF COUNCIL OF MINISTERS POSITIVELY CONCLUDES INVESTIGATION INTO SEPARATION OF RETELIT GROUP'S ACTIVITIES INTO TWO UNITS.  Full Article

Retelit To Split Its Activities Into Two Companies
Wednesday, 5 Jun 2019 

June 5 (Reuters) - Reti Telematiche Italiane SpA ::APPROVES IMPLEMENTATION OF PROJECT OF SPLIT INTO TWO COMPANIES.ONE COMPANY TO FOCUS ON FIBER INFRASTRUCTURE AND OTHER TO FOCUS ON CUSTOMER VALUE ADDED SERVICE.PREPARATORY ACTIVITIES TO RESULT IN SET UP OF TWO SEPARATE LEGAL ENTITIES HELD 100% BY RETELIT.EXPECTS TO COMPLETE SET UP OF TWO SEPARATE LEGAL ENTITIES BY YEAR-END.  Full Article

Reti Telematiche Italiane SpA Q1 Net Profit Up At EUR 1.3 Mln
Friday, 10 May 2019 

May 10 (Reuters) - Reti Telematiche Italiane SpA ::Q1 REVENUE EUR 17.0 MILLION VERSUS EUR 14.9 MILLION YEAR AGO.Q1 NET PROFIT EUR 1.3 MILLION VERSUS EUR 0.5 MILLION YEAR AGO.  Full Article

Retelit CFO Bortolotti Resigns
Wednesday, 27 Mar 2019 

March 27 (Reuters) - Reti Telematiche Italiane SpA ::FABIO BORTOLOTTI HAS RESIGNED AS CHIEF FINANCIAL OFFICER AND EXECUTIVE OFFICER FOR FINANCIAL REPORTING.FABIO BORTOLOTTI RESIGNS TO EXPLORE A DIFFERING PROFESSIONAL ROLE.FABIO BORTOLOTTI SHALL ACT UNTIL AFTER SHAREHOLDERS' MEETING CALLED FOR APRIL 24.HIS DEPARTURE DATE SHALL BE SUBSEQUENTLY ANNOUNCED.  Full Article

Reti Telematiche Italiane SpA Says 2019 Guidance Approved
Tuesday, 18 Dec 2018 

Dec 17 (Reuters) - Reti Telematiche Italiane SpA ::2019 GUIDANCE APPROVED AND INDUSTIAL PLAN GUIDELINES REVIEWED.2019-2023 INDUSTRIAL PLAN WILL BE APPROVED IN MARCH 2019 ALONGSIDE APPROVAL OF 2018 RESULTS.FOR 2019, GUIDANCE INDICATES REVENUES OF BETWEEN EURO 76 AND EURO 80 MILLION.FOR 2019, GUIDANCE INDICATES EBITDA OF BETWEEN EURO 29 AND EURO 33 MILLION.FOR 2019, GUIDANCE INDICATES NET CASH POSITION OF BETWEEN EURO 23 AND EURO 27 MILLION.  Full Article

Retelit Shareholder Fiber 4.0 Owns 12.8 Pct Stake After Exercising Call Option
Thursday, 20 Sep 2018 

Sept 20 (Reuters) - Reti Telematiche Italiane SpA ::SHAREHOLDER FIBER 4.0 EXERCISES SECOND CALL OPTION, BECOMING OWNER OF 12.8 PERCENT STAKE IN THE COMPANY.  Full Article