Italy's Rai Way raises guidance on 2023 core profit after Q3 results

Rai Way SpA

14/11/2023 15:03

Nov 14 (Reuters) - Italian tower group Rai Way  RWAY.MI 
on Tuesday raised its guidance for adjusted core earnings this
year, after posting a 27% rise to 47.6 million euros ($51.52
million) in the third quarter.
    Rai Way now expects its adjusted earnings before interest,
tax, depreciation and amortisation (EBITDA) to grow in the
"high-teens", compared with a previously communicated
"mid-teens" guidance, while investments are now seen below 2022
levels with a different RAI-third parties mix.

($1 = 0.9239 euros)

 (Reporting by Enrico Sciacovelli, editing by Alvise Armellini)
 ((Enrico.Sciacovelli@thomsonreuters.com; +48587720309;))