Italy's Tinexta Q1 revenue dips, adjusted EBITDA down on cybersecurity, business innovation weakness

Tinexta SpA

14/05/2026 11:17

Overview

Italy digital trust provider's Q1 revenue fell 0.3% yr/yr, adjusted EBITDA down 14.2%

Company posted net loss from continuing operations of EUR 4.9 mln for Q1

Adjusted EBITDA decline driven by organic drops in cybersecurity and business innovation units

Outlook

Tinexta confirms 2026 guidance for consolidated revenues to rise 3-4% vs 2025

Company expects 2026 adjusted EBITDA to increase 6-7% vs 2025

Tinexta sees 2026 year-end debt ratio between 3.1x and 3.3x

Result Drivers

CYBERSECURITY DECLINE - Co said adjusted EBITDA drop was mainly due to organic decline in Cybersecurity unit

BUSINESS INNOVATION WEAKNESS - Co said Business Innovation unit saw 43.4% organic decline in adjusted EBITDA

DIGITAL TRUST GROWTH AREAS - Co said Digital Trust unit saw revenue growth from LegalMail, Trusted Onboarding Platform, and Business Information services

Company press release: ID:nBIAmrWWT

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 106.1 mln
Q1 Adjusted EBITDA
EUR 15.2 mln
Q1 Adjusted Operating Profit
EUR 4.6 mln
Q1 Operating Profit
-EUR 2.5 mln
Q1 EBITDA
EUR 13.7 mln
Q1 Net Income continuing operations
-EUR 4.9 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy."

Wall Street's median 12-month price target for Tinexta SpA is €15.00, about 2.2% below its May 13 closing price of €15.34

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 19 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)