Inwit First: quarter earnings fall 2.2%, keeps 2026 guidance

Swisscom AG

12/05/2026 17:37

May 12 (Reuters) - Italy's biggest mobile telecoms towers company INWIT INWT.MI on Tuesday reported a decline in first-quarter earnings and reiterated its 2026 revenue guidance.

Earnings before interest, taxes, depreciation and amortisation after lease costs fell to 189.9 million euros ($222.7 million) in the quarter, down 2.2% from a year earlier, the company said.

A Milan judge on Tuesday asked for more documents before ruling on INWIT's request to stop Fastweb from leaving a key tower lease. The case is one of the legal disputes involving major customers TIM TLIT.MI and Fastweb.

INWIT reiterated its 2026 guidance for revenues of 1,050-1,090 million euros and a dividend of at least 0.55 euros per share

Net profit in the quarter slipped 11.1% to 81.0 million euros, while revenue declined 0.8% to 264.1 million euros

"The outlook does not take into account potential upsides relating to the re-establishment of a constructive relationship with anchor clients," it said

The dispute with Fastweb, a unit of Swisscom, threatens leases tied to nearly 40% of INWIT's annual revenue.

The company considers "valid and binding" through 2038 both contracts

TIM and Fastweb are INWIT's main anchor tenants and account for nearly 85% of its 1-billion-euro revenue

Both operators are seeking to lower their lease costs and launched a JV to build up to 6,000 towers in Italy

($1 = 0.8529 euros)

 (Reporting by Romolo Tosiani in Gdansk, Elvira Pollina in Milan; Editing by Matt Scuffham)

 ((Romolo.Tosiani@tr.com;))