Intred, revenues run in the first three months of 2024

Brescia. The Board of Directors of Intred S.p.A., a telecommunications operator listed since July 2018 on the Euronext Growth Milan market of Borsa Italiana (symbol: ITD.MI), which met a few days ago, examined the turnover, as at 31 March 2024, including the revenues generated by the subsidiary Connecting Italia Srl, which is not subject to statutory audit, and which amounts to € 13.8 million, up 13.4% compared to the same period of the previous year.
The turnover of Intred alone amounted to € 13.0 million, an increase of 6.4% compared to the previous year, while the turnover of Connecting Italia s.r.l., whose merger into Intred is planned for the current year, amounted to € 0.85 million.
The increase in cumulative turnover was mainly driven by sales of fibre-optic connections, which amounted to € 8.4 million, an increase of 14.9% compared to the same period last year.
Services with recurring fees, the company’s core business, which account for about 85.3% of sales, amounted to € 11.8 million, up 14.1%.
In geographical terms, the most significant growth in percentage terms was recorded in the provinces of Mantua, Sondrio, Pavia and Lecco. Thanks to the Bandi Scuole, Intred is vigorously supporting the expansion of sales in all provinces of Lombardy, with particular reference to the local PA sector and the Professional sector.