공지 • Mar 18
Wiit S.p.A. announces Annual dividend, payable on May 06, 2026 Wiit S.p.A. announced Annual dividend of EUR 0.3000 per share payable on May 06, 2026, ex-date on May 04, 2026 and record date on May 05, 2026. 공지 • Mar 14
Wiit S.p.A. announces Annual dividend, payable on May 07, 2025 Wiit S.p.A. announced Annual dividend of EUR 0.3000 per share payable on May 07, 2025, ex-date on May 05, 2025 and record date on May 06, 2025. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: €0.14 (vs €0.11 in 3Q 2023) Third quarter 2024 results: EPS: €0.14 (up from €0.11 in 3Q 2023). Revenue: €44.2m (up 38% from 3Q 2023). Net income: €3.70m (up 25% from 3Q 2023). Profit margin: 8.4% (down from 9.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in Germany. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €22.35, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 14x in the IT industry in Germany. Total returns to shareholders of 36% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €17.59 per share. Buy Or Sell Opportunity • Sep 11
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to €22.35. The fair value is estimated to be €17.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 73%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 89% in the next 2 years. Buy Or Sell Opportunity • Aug 16
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to €19.42. The fair value is estimated to be €16.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 73%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 89% in the next 2 years. Reported Earnings • Aug 05
Second quarter 2024 earnings released: EPS: €0.13 (vs €0.062 in 2Q 2023) Second quarter 2024 results: EPS: €0.13 (up from €0.062 in 2Q 2023). Revenue: €41.0m (up 27% from 2Q 2023). Net income: €3.46m (up 112% from 2Q 2023). Profit margin: 8.4% (up from 5.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in Germany. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €24.10, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 15x in the IT industry in Germany. Total returns to shareholders of 20% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €16.49 per share. 공지 • May 26
Redcentric Confirms Early Stages of Discussions with Wiit Regarding a Possible Offer for the Entire Issued and to be Issued Share Capital of Redcentric The board of directors of Redcentric plc (AIM:RCN) (the ‘Board’) noted the recent press speculation and confirms that it is in the early stages of discussions with Wiit S.p.A. (BIT:WIIT), regarding a possible offer for the entire issued and to be issued share capital of Redcentric. Discussions are at a preliminary stage and there can be no certainty that any offer will be made, nor as to the terms of any such offer. Under Rule 2.6(a) of the Code, Wiit SpA must by no later than 5.00 p.m. on 21 June 2024, being 28 days after the date of this announcement, either announce a firm intention to make an offer for Redcentric in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for Redcentric, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code. Buy Or Sell Opportunity • May 16
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to €16.46. The fair value is estimated to be €13.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 74%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 151% in the next 2 years. Upcoming Dividend • May 13
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.3%). Reported Earnings • Apr 01
Full year 2023 earnings released: EPS: €0.31 (vs €0.29 in FY 2022) Full year 2023 results: EPS: €0.31 (up from €0.29 in FY 2022). Revenue: €130.1m (up 9.5% from FY 2022). Net income: €8.29m (up 5.6% from FY 2022). Profit margin: 6.4% (down from 6.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the IT industry in Germany. New Risk • Nov 19
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risk Dividend is not well covered by earnings (91% payout ratio). Reported Earnings • Nov 14
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €32.0m (up 3.1% from 3Q 2022). Net income: €2.97m (up 86% from 3Q 2022). Profit margin: 9.3% (up from 5.1% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the IT industry in Germany. Board Change • Sep 01
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Nathalie Brazzelli was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Aug 07
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €32.4m (up 16% from 2Q 2022). Net income: €1.63m (down 6.5% from 2Q 2022). Profit margin: 5.0% (down from 6.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the IT industry in Germany. Reported Earnings • May 14
First quarter 2023 earnings released First quarter 2023 results: Revenue: €31.8m (up 21% from 1Q 2022). Net income: €2.19m (down 18% from 1Q 2022). Profit margin: 6.9% (down from 10% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in Germany. Upcoming Dividend • May 01
Upcoming dividend of €0.30 per share at 1.5% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (2.1%). Board Change • Apr 08
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Nathalie Brazzelli was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Mar 19
Full year 2022 earnings released: EPS: €0.27 (vs €0.038 loss in FY 2021) Full year 2022 results: EPS: €0.27 (up from €0.038 loss in FY 2021). Revenue: €118.8m (up 54% from FY 2021). Net income: €7.23m (up €8.21m from FY 2021). Profit margin: 6.1% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in Germany. Board Change • Feb 23
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Nathalie Brazzelli was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Jan 19
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Nathalie Brazzelli was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Nov 21
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Nathalie Brazzelli was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Oct 10
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Nathalie Brazzelli was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Sep 18
Second quarter 2022 earnings released: EPS: €0.065 (vs €0.007 loss in 2Q 2021) Second quarter 2022 results: EPS: €0.065 (up from €0.007 loss in 2Q 2021). Revenue: €27.9m (up 61% from 2Q 2021). Net income: €1.73m (up €1.92m from 2Q 2021). Profit margin: 6.2% (up from net loss in 2Q 2021). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Germany. Board Change • Jul 15
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Nathalie Brazzelli was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • May 13
First quarter 2022 earnings released First quarter 2022 results: Revenue: €26.4m (up 49% from 1Q 2021). Net income: €2.65m (down 1.3% from 1Q 2021). Profit margin: 10% (down from 15% in 1Q 2021). Over the next year, revenue is forecast to grow 41%, compared to a 19% growth forecast for the industry in Germany. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Nathalie Brazzelli was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. 공지 • Apr 01
Wiit S.p.A. (BIT:WIIT) completed the acquisition of ERPTech S.p.A from BT Italia S.p.A.. Wiit S.p.A. (BIT:WIIT) signed an agreement to acquire ERPTech S.p.A from BT Italia S.p.A. for €6 million on February 14, 2022. The consideration consists of €4 million in cash and a contingent consideration of €2 million on the achievement of certain commercial objectives. Completion of the transaction is conditional on the Italian government's failure to exercise the powers provided for by the so-called “Golden Power” legislation within 45 business days of the date on which the transaction is notified. For the year ending December 31, 2021, ERPTech recorded revenues of approximately €9 million and EBITDA of approximately €0.5 million. Pedersoli acted as legal advisor, Deloitte handled tax and fiscal due diligence to WIIT. ADVANT Nctm studio legale acted as legal advisor and Vitale&Co S.p.A. acted as financial advisor to BT Group.
Wiit S.p.A. (BIT:WIIT) completed the acquisition of ERPTech S.p.A from BT Italia S.p.A. on March 31, 2022. 공지 • Feb 15
Wiit S.p.A. (BIT:WIIT) signed an agreement to acquire ERPTech S.p.A from BT Italia S.p.A. for €6 million. Wiit S.p.A. (BIT:WIIT) signed an agreement to acquire ERPTech S.p.A from BT Italia S.p.A. for €6 million on February 14, 2022. The consideration consists of €4 million in cash and a contingent consideration of €2 million on the achievement of certain commercial objectives. Completion of the transaction is conditional on the Italian government's failure to exercise the powers provided for by the so-called “Golden Power” legislation within 45 business days of the date on which the transaction is notified. For the year ending December 31, 2021, ERPTech recorded revenues of approximately €9 million and EBITDA of approximately €0.5 million. Pedersoli acted as legal advisor, Deloitte handled tax and fiscal due diligence to WIIT. ADVANT Nctm studio legale acted as legal advisor and Vitale&Co S.p.A. acted as financial advisor to BT Group. Board Change • Dec 28
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Nathalie Brazzelli was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.