Professional
Added to YB: 2026-02-12
Pitch date: 2026-02-04
ITD.MI [neutral]
Intred S.p.A.
+0.42%
current return
Author Info
No bio for this author
Company Info
Intred S.p.A., a telecommunications operator, provides data and voice services in Italy. The company offers broadband, ultra-broadband, wireless, landline telephony, and cloud services, as well as ancillary services.
Market Cap
EUR 152.7M
Pitch Price
EUR 9.52
Price Target
N/A
Dividend
1.04%
EV/EBITDA
7.70
P/E
21.97
EV/Sales
3.33
Sector
Diversified Telecommunication Services
Category
growth
LMN Capital Portfolio Holding: Intred S.p.A.
ITD.MI (holding update): Fiber optic infrastructure builder in Northern Italy. Rev +57%, adj earnings +79% since 2021, yet share price flat due to aggressive reinvestment phase. Organic growth 7.8% H1 2025. High incremental ROIC as network utilization expands. Building strategic data center in Brescia for AI/enterprise. 7x EBITDA valuation despite ~8% rev growth. Investment phase ending, capital returns to increase.
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