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Last €0.58 EUR
Change Today -0.002 / -0.34%
Volume 129.7K
LIT On Other Exchanges
As of 11:35 AM 11/27/15 All times are local (Market data is delayed by at least 15 minutes).

retelit spa (LIT) Snapshot

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52 Week High
03/2/15 - €0.71
52 Week Low
08/24/15 - €0.51
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retelit spa (LIT) Details

Retelit S.p.A., together with its subsidiary, e-via S.p.A, provides telecommunications infrastructures and data transmission services to telecommunication and Internet operators, system integrators, and the public administration and large companies in Italy. The company offers Dark fibre that includes leasing and granting an indefeasible right of use (IRU), or sale of one or more fibre pairs along the network infrastructure; and conduits, a service, which consists of leasing, granting an IRU, or sale of one or more conduits along the network infrastructure. It also provides data transport services, which comprise B-Link, a first mile Ethernet service that offers symmetrical Ethernet transport on copper or radio carriers through direct circuits with capacity from 2 Mbps up to 100 Mbps. In addition, the company offers broadband data transmission services, such as C-Link, a service consisting of the transport of direct dedicated circuits with a capacity from 64 Kbps to 100 Gbps; and E-Link, a service comprising the transport in transparent mode of the Ethernet protocol on optical fibre from 10 Mbps up to 10 GigaEthernet. Further, it provides IP-Link, an IP transit or IP access service; IP-Link Video, a service that enables video contribution transmission from fixed studio to director’s studio; optical virtual private network (VPN) solutions, VPN solutions based on VPLS technology, and IP multi-protocol label switching VPN solutions; and CPE management service, a solution designed to provide a network device at customer sites. Additionally, the company offers data centre services, including housing and co-location services, business continuity, and disaster recovery services; network and connectivity services; and space and security solutions. It owns approximately 8,000 kilometers of fibre optics, 9 metropolitan networks, and 18 data centers. The company was founded in 1999 and is headquartered in Milan, Italy.

Founded in 1999

retelit spa (LIT) Top Compensated Officers

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retelit spa (LIT) Key Developments

Retelit Announces Executive Changes

Retelit has announced the appointment of Fabio Bortolotti as its new Chief Financial Officer, replacing the outgoing Antonio Maconi. Bortolotti has worked for Price Waterhouse and Merril Lynch and was previously CFO of Mediterranean Oil & Gas and managing partner of Omnipro.

Retelit SpA Announces Consolidated Earnings Results for the First Half Ended June 30, 2015; Provides Earnings Guidance for the Fiscal 2015

Retelit SpA announced consolidated earnings results for the first half ended June 30, 2015. For the period, the company reported revenue was €19.45 million against €17.78 million a year ago. Total revenue and operating income was €19.68 million against €18.07 million a year ago. Operating income before amortization, depreciation and impairment was €4.76 million against €4.35 million a year ago. Operating loss was €1.07 million against €1.15 million a year ago. Pre-tax result was €2.24 million against loss of €0.387 million a year ago. Profit was €2.2 million against loss of €0.387 million a year ago. Net cash flow generated by operating activities was €5.72 million against €2.67 million a year ago. Investments in property, plant and equipment was €10.878 million against €3.160 million a year ago. Investments in intangible assets were €0.826 million against €0.444 million a year ago. The company expected the turnover in a range of between €39 and €41 million and EBITDA of between €9 and €10 million for the fiscal 2015.

Retelit SpA Announces Group Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

Retelit SpA announced group earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported operating revenues and income of €9.549 million compared with €8.917 million a year ago. Earnings before interest, taxes, depreciation and amortization were €2.296 million compared with €2.152 million a year ago. Operating loss was €0.458 million compared to €0.616 million a year ago. Result before tax was €3.647 million compared to loss before tax of €0.227 million a year ago. Net financial debt was €20.536 million as on March 31, 2015 compared to €15.707 million as on March 31, 2014. The improvement in result before tax was due for €3.5 million, to financial income generated by changes in the fair value of forward currency derivative instruments used for hedging payments for the submarine cable in US foreign currency. In the early months of 2015 the Group performed slightly better than expected in the 2015 ­ 2019 Business Plan, which forecasts by the end of 2015 the achievement of sales revenues range from €39 million to €41 million and EBITDA of €9 million to €10 million.


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