(Alliance News) - Intred Spa announced Tuesday that it has reviewed its turnover as of September 30, which amounted to EUR36.8 million, up 8.0 percent from the same period last year.

The increase in turnover was mainly supported by sales of fiber-optic connections of EUR22.2 million, up 13 percent from the same period last year.

The growth was mainly due to services with recurring fees, the company's core business, which accounted for about 87 percent of sales of EUR31.9 million.

In terms of geography, the most significant growth, in absolute value, is recorded in the provinces of Como, Cremona, Lecco, Monza, Pavia and Varese.

Regarding customer type, the greatest growth comes from sales in PA, with a 29 percent increase.

Regarding school calls, as of September 30, more than 3,000 schools had been activated, with total revenues in the first nine months of approximately EUR6.0 million.

The owned fiber network grew strongly in the third quarter with a 17 percent increase from 9,500 km as of Dec. 31, 2022 to more than 11,000 km in September.

Intred trades in the green by 2.5 percent at EUR9.94 per share.

By Claudia Cavaliere, Alliance News reporter

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