Inwit stock holds guidance after Q3 profit falls, cash flow rises
Published on 11/11/2026 at 18:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSInwit reports mixed third-quarter performance
- INWIT kept its 2026 guidance and medium-term outlook despite lower quarterly revenue and profit.
- Recurring free cash flow increased, while weaker activity and customer contract disputes remain key investor risks.
- Management expects a return to growth in 2027 and faces an AGCOM conciliation meeting on November 26.
Infrastrutture Wireless Italiane S.p.A. reported its third-quarter 2026 results on Tuesday, November 10, with revenue and net profit lower than a year earlier but recurring free cash flow higher. The company said its 2026 guidance and medium-term outlook remain intact in its press release.
Inwit stock traded at 7.50 euros on Lang & Schwarz at 18:38 CET on Wednesday, November 11, 2026. That was 2.32% above the 7.33 euros quoted in the previous report at 12:07 CET the same day, a separate comparison with the earlier report.
Cash flow offsets weaker quarterly activity
Revenue for July through September fell 0.9% year over year to 268.6 million euros. EBITDA declined 2.2% to 241.9 million euros, while EBITDA after lease costs fell 2.8% to 192.3 million euros and its margin narrowed to 71.6%.
Net profit dropped 11.8% to 81.3 million euros, with higher financial charges contributing to the decline. Recurring free cash flow rose 9.6% to 186.0 million euros, while investments fell 30.6% to 40.9 million euros.
Operating activity also slowed. INWIT added 50 sites and 310 new hostings in the quarter, compared with 180 sites and 670 hostings a year earlier. The tenancy ratio nevertheless increased to 2.41 times from 2.37 times.
Guidance survives contract uncertainty
Management retained its 2026 revenue target of 1.050 billion to 1.090 billion euros, an EBITDA margin of approximately 90%, an EBITDAaL margin of approximately 72% and recurring free cash flow of 550 million to 590 million euros. The company also confirmed a dividend of at least 0.55 euros per share and leverage of 5.5 times.
INWIT said Fastweb and TIM had served notices of non-renewal for master service agreements in March, while the company maintains that the contracts were extended through 2038. Legal proceedings continue, and Italy's communications authority has scheduled a November 26 meeting to explore conciliation in the TIM matter.
General Manager Diego Galli said INWIT expects a return to growth in 2027. For investors, stronger cash generation supports the current capital-allocation framework, while lower discretionary activity and unresolved customer agreements limit visibility.
Italy's broader equity market can be followed through the FTSE MIB market overview.
More company developments are available in More news and analyses on Inwit stock.
Infrastrutture Wireless Italiane S.p.A.
- ISIN: IT0005090300
- Trading venue: Lang & Schwarz
- Price: 7.50 euros at 18:38 CET on November 11, 2026
- Earlier report price: 7.33 euros at 12:07 CET on November 11, 2026
- Business: Digital infrastructure and telecommunications towers
