Retelit participates at the European Midcap Event in Paris
29 June 2016Press releases
Milan, June 29, 2016. Retelit S.p.A. (MTA: LIT.MI) today participates at the European Midcap Event in Paris organized by Intermonte SIM, allowing French investors through one-to-one meetings to come into contact with Italian enterprises which represent excellence in their respective sectors and present major growth opportunities.
The Chief Executive Officer Federico Protto, the CFO Fabio Bortolotti and the IR Advisor Vincenza Colucci of CDR Communication will participate at the event.
Moreover, the Q1 2016 results will be presented - highlighting Retelit Group revenue growth of 30% to Euro 12.4 million, with EBITDA boosted 48% to Euro 3.4 million, EBIT of Euro 0.4 million and a Net Cash Position of Euro 7.5 million.
In addition, the 2016-2020 Industrial Plan will be presented to French investors, approved by the Board of Directors on March 15, 2016, confirming our growth strategy and forecasting, among other matters, revenues in 2020 of approx. Euro 75 million and EBITDA of approx. Euro 27 million, thanks to a differing breakdown of the revenue mix, a range of possible funding alternatives for growth and expected high margin revenues.