Report
Ana Arjona-Martinez ...
  • Antonio Rodriguez Vicens

INWIT : Guidance and results, both in line with our estimates and both lacking surprises

>Minor (and positive) difference in D&A and taxes, with unsurprising guidance - INWIT’s Q4 2023 results were in line with our estimates, with a minor positive tone on lease costs, D&A and taxes (€ 3m, € 5m and € 2m below or estimates respectively) that we see as having no impact on valuation: revenues were completely in line with our estimates, at € 247m (€ 248m est.), leading to an also in-line EBITDA (€ 226m vs € 227m est.) and EBITDAaL (€ 179m vs € 177m est.). The...
Underlying
Infrastrutture Wireless Italiane S.p.A.

Infrastrutture Wireless Italiane SpA, also known as Inwit, is an Italy-based company primarily engaged in telecommunication industry. The Company is active in the operation of wireless telecom facilities and equipment, specifically those dedicated to the hospitality of radio transmission equipment, telecommunications and distribution of television and radio signals. It owns radio transmission equipment for mobile telephony networks. Infrastrutture Wireless Italiane SpA concerns mainly its activities relating to the construction and management of passive infrastructure sites, generally consist of civilian facilities, such as towers , trellises and poles, as well as technological systems, necessary to accommodate the equipment of receiving and transmitting, owned by Telecom Italy and other customers. It operates through Gestione Due Srl.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Ana Arjona-Martinez

Antonio Rodriguez Vicens

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