Italy's WIIT Q1 EBIT rises 21% on higher-margin contracts, cost reduction

Wiit SpA

13/05/2026 11:36

Overview

Italy private cloud computing firm's fiscal Q1 revenue rose 0.7% yr/yr

Fiscal Q1 adjusted EBITDA grew 9% yr/yr, EBIT up 21.1% with improved margins

Adjusted net profit for fiscal Q1 broadly in line with prior year

Outlook

Company says organic growth continues in Italy and Germany has fully recovered churn

WIIT expects to benefit from Broadcom customer migrations and sees M&A pipeline supported

Company continues to focus portfolio on higher value-added and higher-margin contracts

Result Drivers

CLOUD SERVICES FOCUS - Co said margin expansion was driven by concentration on cloud services and optimization of processes

ORGANIC GROWTH & HIGHER-MARGIN CONTRACTS - Co cited organic growth in Italy and recovery in Germany, with focus on higher-value and higher-margin contracts

PERSONNEL COST REDUCTION - Co said personnel costs declined significantly, reflecting rationalization and efficiency initiatives

Company press release: ID:nBIA3Tqvrl

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EBITDA
EUR 17.2 mln
Q1 Adjusted EBIT
EUR 9.4 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "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 Wiit SpA is €31.00, about 3.3% above its May 12 closing price of €30.00

The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 38 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.)