Infrastrutture Wireless Italiane S.p.A. (INW.MI)

Italy's INWIT trims 2023 revenue guidance, ups EBITDA margin after Q3 results

The group said revenue growth would be in the lower part of a previously communicated range of 960 million to 980 million euros ($2.08 billion) while it expects its EBITDA margin to be higher than the previously forecast 91%, which was in line with the previous year. INWIT's net profit rose 13.5% in the third quarter to 85.1 million euros, while revenue rose 12.6% from a year earlier to 242 million euros.