INTRED S.p.A.: turnover in the first nine months rose by 19% to 34.3 million euro. Fibre network exceeds 9000 km and increases by 23%.

Press Release

TURNOVER IN THE FIRST NINE MONTHS ROSE BY 19%

TO 34.3 MILLION EURO

FIBRE NETWORK EXCEEDS 9000 KM AND INCREASES BY 23%

Brescia, 04 November 2022 - The Board of Directors of Intred S.p.A. ("Intred" or the "Company"), a telecommunications operator listed on the EGM market of Borsa Italiana (ITD.MI) since July 2018, met today to review the unaudited turnover as at 30 September 2022, which amounted to € 34.3 million, up 19% year-on-year.

Daniele Peli, Co-Founder and Chief Executive Officer of Intred S.p.A., commented: "Intred's ongoing revenue growth brings us great satisfaction, confirming our ability to meet the challenges we face on a daily basis and to continue to invest in our infrastructure, which is fundamental to ensure our future development. Our infrastructure is becoming more and more widespread in Lombardy and this, as expected, boosts the number of customers even in the provinces of our region where we had a smaller footprint and therefore with high growth potential. For the coming months, we are confident that we will achieve our goals and continue the positive trend of the year that is about to end".

The increase in turnover was mainly driven by sales of fibre-optic connections, which amounted to some € 20.0 million, an increase of 40% compared to the same period last year.

The strongest growth was recorded in services with recurring fees, the company's core business, which accounted for around 86% of sales, amounting to € 29.4 million, an increase of 11%. Revenues from so-called"one-off" products and services increased by 132% to € 4.4 million, mainly as a result of the Schools Call for Tenders.

In geographical terms, the most significant growth in absolute terms was reported in the provinces of Monza (+117%), Como (+113%), Milan (+85%), Lecco (+67%), Cremona (+66%), and Bergamo (+22%).

In terms of infrastructure, in the first nine months of 2022, the owned fibre-optic network continued to grow, rising from over 7,300 km as of 31 December 2021 to over 9,000 km as of 30 September 2022, an increase of 23%.

With regard to customer type, the greatest growth came from sales in the public administration sector, with a 253% increase supported by the activation of more than 1,900 schools as of 30 September 2022. The performance of sales in the Wholesale sector was excellent with +10%.

The "churn rate" on sales remains excellent and is equal to 4.6%.

***

Finally, the Board of Directors approved, pursuant to Article 17 of the Euronext Growth Milan

Regulation, the dates of the main events of the financial calendar for the year 2023. Any changes will be promptly disclosed to the market in the manner required by the laws and

regulations applicable from time to time.

	DATE			EVENT
	February 9, 2023		Board of Directors' meeting for the approval of the 2022
		financial year turnover - unaudited
	March 27, 2023			Board of Directors' meeting to approve the draft Financial
			Statements as at 31.12.2022
	April 27, 2023		Shareholders' meeting to approve the Financial Statements as
		at 31.12.2022
	May 4, 2023			Board of Directors' meeting to approve turnover for the first
			quarter of 2023 - unaudited
	August 3, 2023		Board of Directors to approve turnover for the first half of 2023
		- unaudited
	September 27, 2023			Board of Directors' meeting to approve the Half-Yearly
			Financial Report as at 30 June 2023 - subject to limited audit
	November 7, 2023		Board of Directors to approve turnover for the third quarter of
		2023 - unaudited

***

This press release is online at www.1info.itand on the Issuer's website www.intred.it(Investors / Price Sensitive Press Releases section).

Intred

Reference telecommunications operator in Lombardy founded in 1996 by Daniele Peli, the company's current Chairman and CEO, and listed on the Italian Stock Exchange EGM market since 2018 (symbol: ITD.MI). With an optic fibre network of over 9,000 km, Intred provides business and retail customers with broadband and ultra- broadband connectivity, fixed access wireless, landline telephone services, cloud services and related services. The direct management of the infrastructures allow efficiency, profitability, quality of service and a guaranteed and extremely high level of assistance. Its high-value assets and consolidated, highly scalable business model, combined with a turnover of € 34.3 million as at 30 September 2022, make Intred an ideal infrastructure technology partner with a full range of high-quality, reliable and secure solutions. www.intred.it

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Euronext Growth Advisor	Investor Relation Advisor
Banca Profilo S.p.A.	CDR Communication
[phone]	Vincenza Colucci
[e-mail]	Tel. [phone]
	[e-mail]
Specialist
Integrae SIM S.p.A.	Claudia Gabriella Messina
[phone]	Tel. [phone]
[e-mail]	[e-mail]

Investor Relation Intred	Media Relation
CFO & Investor Relations Officer	CDR Communication
Filippo Leone	Angelo Brunello
Tel. [phone]	Tel. [phone]
[e-mail]	[e-mail]

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