Retelit SpA reported earnings results for the third quarter of 2012. For the quarter, the company's revenues and income down 7.1% from a year earlier to EUR 8.6 million. EBITDA amounted to EUR 2.1 million, down 36.3% and EBIT showed a loss of EUR 1.2 million compared with a profit of EUR 0.1 million a year ago.

The company announced that the Board of Directors has appointed Majdi Ashibani as Deputy Chairman. Also, an Executive Committee was set up, made up of Mauro Tosi (Chairman), Majdi Ashibani and Johan Anders Leideman, and the appointment of the Internal Audit and Risk Management Committee and of the Remuneration Committee was also agreed.