Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Stefano Quadrio was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Apr 01
Planetel S.p.A. announces Annual dividend, payable on May 13, 2026 Planetel S.p.A. announced Annual dividend of EUR 0.1000 per share payable on May 13, 2026, ex-date on May 11, 2026 and record date on May 12, 2026. 공시 • Jul 02
Planetel S.p.A. (BIT:PLN) completed the acquisition of Business unit of Areatech S.r.l. for €0.29 million. Planetel S.p.A. (BIT:PLN) agreed to acquire Business unit of Areatech S.r.l. for €0.30 million on May 29, 2025. A cash consideration of €0.3 million will be paid by Planetel S.p.A. As part of consideration, €0.3 million is paid towards assets of Business unit of Areatech S.r.l.
For the period ending December 31, 2024, Business unit of Areatech S.r.l. reported total revenue of €0.49 million and EBITDA of €0.07 million.
The closing of the operation is expected by June 30, 2025.
Planetel S.p.A. (BIT:PLN) completed the acquisition of Business unit of Areatech S.r.l. for €0.29 million on July 1, 2025. The consideration entirety was financed with own resources. 공시 • Apr 10
Planetel S.p.A., Annual General Meeting, Apr 24, 2025 Planetel S.p.A., Annual General Meeting, Apr 24, 2025, at 10:00 W. Europe Standard Time. 공시 • Mar 26
Planetel S.p.A. announces Annual dividend, payable on May 07, 2025 Planetel S.p.A. announced Annual dividend of EUR 0.1200 per share payable on May 07, 2025, ex-date on May 05, 2025 and record date on May 06, 2025. 공시 • Feb 04
Planetel S.p.A. to Report First Half, 2025 Results on Sep 29, 2025 Planetel S.p.A. announced that they will report first half, 2025 results on Sep 29, 2025 공시 • Feb 03
Planetel S.p.A. to Report Fiscal Year 2024 Results on Mar 24, 2025 Planetel S.p.A. announced that they will report fiscal year 2024 results on Mar 24, 2025 공시 • Nov 27
Planetel S.p.A. (BIT:PLN) it has signed a binding agreement to acquire Suardi S.R.L for €3.6 million. Planetel S.p.A. (BIT:PLN) it has signed a binding agreement to acquire Suardi S.R.L for €3.6 million on November 25, 2024. Planetel will fully finance the operation using own funds. Planetel will pay the Provisional Price to the Sellers per the methods At the Closing Date, the Buyer will pay the Sellers a total amount of approximately €2.5 million within 60 working days from the Closing Date, the Buyer will pay the Sellers an amount of €0.6 million subject to possible changes due to the NFP Adjustment. by 30 June 2025, where the downwards 2024 EBITDA Adjustment is not applicable, the Buyer will pay the Sellers an amount of €0.37 million. For the period ending December 31, 2023, Suardi S.R.L. reported total revenue of €3.39 million and EBITDA of €0.47 million. As of December 31, 2023, Suardi S.R.L. reported total common equity of €6.55 million. The closing of the transaction is expected by the end of November 2024. Lega Colucci Morri & Associati acted as legal advisor for Planetel S.p.A. Studio Marangi Associati acted as accountant for Planetel S.p.A. Studio Falardi acted as accountant for Suardi S.R.L.. Reported Earnings • Oct 01
First half 2024 earnings released First half 2024 results: Revenue: €19.6m (up 17% from 1H 2023). Net income: €580.0k (up 37% from 1H 2023). Profit margin: 3.0% (up from 2.5% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Telecom industry in Germany. Upcoming Dividend • Apr 29
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 06 May 2024. Payment date: 08 May 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.2%). New Risk • Apr 22
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Market cap is less than US$100m (€34.0m market cap, or US$36.2m). 공시 • Apr 13
Planetel S.p.A., Annual General Meeting, Apr 29, 2024 Planetel S.p.A., Annual General Meeting, Apr 29, 2024, at 15:00 Central European Standard Time. Location: The Company's registered office in Treviolo Boffalora no. 4, 24048 Bergamo Italy Agenda: To consider examination and approval of the financial statements of Planetel S.p.A. for the year ending 31 December 2023; presentation of the consolidated financial statements for the year ending 31 December 2023; to consider allocation of profit for the year; resolutions arising; and to consider authorization pursuant to articles 2357 et seq. of the Italian Civil Code for the buy-back and subsequent disposal of treasury shares; resolutions arising. 공시 • Apr 11
Planetel S.p.A. (BIT:PLN) signed binding agreement to acquire Connetical S.r.l. from Stefano Pasqualin, Umberto Pasqualin and Daniele Gallina for €2 million. Planetel S.p.A. (BIT:PLN) signed binding agreement to acquire Connetical S.r.l. from Stefano Pasqualin, Umberto Pasqualin and Daniele Gallina for €2 million on April 10, 2024. Planetel will pay 70% of acquisition price on closing date and remaining 30% of acquisition price will be paid within 90 days after closing date. The transaction is subject to For period ended December 31, 2023, Connetical reported turnover of €1.87 million and EBITDA of €0.29 million. The transaction is expected to close by end of April 2024. Studio Marangi Associati acted as accountant and Lega Colucci Morri & Associati acted as legal advisor to Planetel. Studio Levorato & Bagante Dottori Commercialisti Associati acted as accountant to Connetical. Alantra Capital Markets SV S.A. acted as advisor to Planetel S.p.A. New Risk • Apr 07
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 93% Dividend yield: 1.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (58% net debt to equity). Dividend is not well covered by cash flows (93% cash payout ratio). Market cap is less than US$100m (€35.3m market cap, or US$38.3m). 공시 • Apr 03
Planetel S.p.A., Annual General Meeting, Apr 29, 2024 Planetel S.p.A., Annual General Meeting, Apr 29, 2024. Agenda: To consider the distribution of the dividend. Reported Earnings • Mar 31
Full year 2023 earnings released Full year 2023 results: Revenue: €35.1m (up 8.9% from FY 2022). Net income: €1.41m (up 17% from FY 2022). Profit margin: 4.0% (up from 3.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €6.05, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Telecom industry in Germany. Total returns to shareholders of 54% over the past three years. Reported Earnings • Oct 05
First half 2023 earnings released First half 2023 results: Revenue: €16.9m (up 17% from 1H 2022). Net income: €461.0k (up 9.4% from 1H 2022). Profit margin: 2.7% (down from 2.9% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Telecom industry in Germany. Board Change • Nov 16
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). MD & Director Mirko Mare is the most experienced director on the board, commencing their role in 2020. Independent Director Ramona Corti was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Oct 03
First half 2022 earnings released: EPS: €0 (vs €0.061 in 1H 2021) First half 2022 results: EPS: €0. Revenue: €14.7m (up 29% from 1H 2021). Net income: €552.0k (up 38% from 1H 2021). Profit margin: 3.8% (up from 3.5% in 1H 2021). The increase in margin was driven by higher revenue. 공시 • Jun 22
Planetel S.p.A. (BIT:PLT) agreed to acquire Net Admin s.r.l. from Francesco Maria Capuano, Stefano Quadrio and Alessandro Taccone. for €1.5 million. Planetel S.p.A. (BIT:PLT) agreed to acquire Net Admin s.r.l. from Francesco Maria Capuano, Stefano Quadrio and Alessandro Taccone. for €1.5 million on June 20, 2022. The closing of the transaction is expected by the end of June 2022. Board Change • Apr 27
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). MD & Director Mirko Mare is the most experienced director on the board, commencing their role in 2020. Independent Director Ramona Corti was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Apr 06
Full year 2021 earnings released Full year 2021 results: Revenue: €23.6m (up 31% from FY 2020). Net income: €1.05m (down 3.9% from FY 2020). Profit margin: 4.5% (down from 6.1% in FY 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 19% share price gain to €6.56, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 22x in the Telecom industry in Germany.