1. Italy Stocks

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    Communication Services

  3. •

    Telecommunications Services
Intred S.p.A.

Intred S.p.A.

ITD.MI
Intred S.p.A.IT flagItalian Stock Exchange
9.92
EUR
+0.18
- -
157.55MMarket Cap
Intred S.p.A.
ITD.MI
(Italian Stock Exchange)

Recent

price

9.92

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
0.65
0.81
1.02
1.09
1.32
2.3
2.6
2.9
3.15
3.48
3.5
Revenue per Share
0.06
0.12
0.18
0.2
0.27
0.39
0.54
0.55
0.52
0.5
0.52
Basic EPS, GAAP
- -
0.2
-0.11
0.04
0.12
-0.45
0.35
-1.04
-0.54
-0.4
-0.26
Free Cash Flow per Basic Share
- -
- -
- -
0.09
0.02
0.03
0.04
0.06
0.07
0.1
0.1
Dividend per Share
0.33
0.39
0.45
0.83
0.9
1.02
1.17
1.18
0.64
0.64
0.64
Book Value per Share
0.19
0.28
0.4
1.12
1.29
0.91
1.18
1.13
1.54
1.43
1.81
Tangible Book Value per Share
14
14
14
16
16
16
16
16
16
16
16
Basic Weighted Avg Shares
9
11
14
17
21
36
41
46
50
55
56
Sales/Revenue/Turnover
15.15
20.97
24.47
25.63
29.61
23.83
29.73
27.76
26.38
24.39
23.92
Operating Margin (%)
1
2
2
3
3
6
6
8
10
12
13
Depreciation Expense
1
2
3
3
4
6
9
9
8
8
8
Net Income, GAAP
31.07
29.43
26.86
22.83
25.94
25.3
27.83
28.76
28.86
26.61
23.34
Effective Tax Rate (%)
9.49
14.24
17.62
18.65
20.74
16.8
20.9
18.82
16.36
14.42
14.87
Profit Margin (%)
-3
-5
-5
3
2
-4
-12
-24
-18
-33
-31
Working Capital
4
3
3
2
1
5
4
15
24
24
28
LT Debt
5
7
9
23
27
32
40
48
55
61
68
Total Equity
- -
14.77
19.32
16.68
16.58
18.35
19.09
14.14
11.39
10.13
9.2
Return on Invested Capital (%)
- -
16.15
24.43
23.47
26.86
31.93
33.96
23.14
20.51
19.28
17.07
Return on Capital (%)
- -
32.33
43.03
32.82
31.42
40.16
49.64
46.51
56.91
78.75
81.94
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
32.69%
16.13%
11.12%
Free Cash Flow
- -
-135.96%
-34.15%
Net Income, GAAP
28.42%
7.52%
4.25%
Sales/Revenue/Turnover
21.15%
9.02%
1.06%
Total Cash Common Dividend
- -
28.61%
0.02%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
50
2024
- -
- -
- -
- -
55
2025
- -
- -
- -
- -
56

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.52
2024
- -
- -
- -
- -
0.5
2025
- -
- -
- -
- -
0.52

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.07
2024
- -
- -
- -
- -
0.1
2025
- -
- -
- -
- -
0.1
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Business
Intred S.p.A. (ITD.MI) operates as a telecommunications provider in Italy, offering broadband, ultrabroadband connectivity via FTTH and FTTC, fixed wireless access (FWA), voice and data transmission services, landline telephony, data center hosting and colocation, mobile services, and ancillary services including cybersecurity and technical support; the company serves business, residential, public administration, and wholesale customers primarily through its proprietary fiber optic network exceeding 14,000 km concentrated in Lombardy with significant presence in Brescia (53%), Bergamo (13%), Milan (13%), and other provinces such as Monza, Como, Cremona, Varese, Lecco, Pavia, and Mantova. Founded in 1996 and headquartered in Brescia, Intred focuses on underserved peripheral areas in Lombardy, which hosts over 800,000 active companies and more than 10 million residents, generating over 90% recurring revenues from a fragmented customer base with a churn rate below 5%. The company maintains high EBITDA margins around 43-45%, driven by organic growth in ultrabroadband (over 55% of revenues) and school connectivity tenders. In 2024, Intred reports revenues of €55.2 million, up 10.3% year-over-year, EBITDA of €24.0 million rising 6.7%, and capex of €32.2 million focused on FTTH expansion; it integrates Connecting Italia (acquired and merged in 2024) with a strategy to divest non-core services, converts school tender activations (over 95% for the first €40 million contract, 65% for the second €19 million contract) into recurring fees, and invests in data centers targeting positive EBITDA from 2027 with IRR above 20%. First-half 2025 revenues reach €27.8 million with 7.8% organic growth and over 92% recurring, while the network expands to 14,250 km by June 2025 and 14,750 km by September 2025, alongside public administration sales up 33.1% from school tenders. Intred's strategic plan through 2027 projects high single-digit revenue growth to €67-73 million, double-digit EBITDA expansion to €34-36 million at 50% margins, and net debt peaking in 2025 before deleveraging to near zero by 2028 via cash generation.