Wiit SpA
MIL:WIIT
Wiit SpA
WIIT SpA is a holding company, which engages in the provision of hosted private and hybrid cloud services. The company is headquartered in Milan, Milano. The company went IPO on 2017-06-05. The firm offers business application outsourcing for medium and large enterprises and datacenter features. In additionally, the Company specializes in provision of hosting services, host sub solution, private cloud, disaster recovery, as well as services in application service provider (ASP) and business continuity methodology. Wiit SpA is involved in providing services on SAP, Oracle and Microsoft system. The firm operates in the domestic market.
WIIT SpA is a holding company, which engages in the provision of hosted private and hybrid cloud services. The company is headquartered in Milan, Milano. The company went IPO on 2017-06-05. The firm offers business application outsourcing for medium and large enterprises and datacenter features. In additionally, the Company specializes in provision of hosting services, host sub solution, private cloud, disaster recovery, as well as services in application service provider (ASP) and business continuity methodology. Wiit SpA is involved in providing services on SAP, Oracle and Microsoft system. The firm operates in the domestic market.
Revenue Growth: Wiit reported Q1 2025 revenue of EUR 41.1 million, up 22.6% from the previous year.
Profitability: Adjusted EBITDA rose 21% to EUR 15.8 million, with a group EBITDA margin of 38.4% and a like-for-like margin of 42.9%.
Strong Recurring Revenue: Recurring revenue reached EUR 33.7 million, up 26% year-on-year, with most growth driven by existing contracts and recent M&A.
Guidance Confirmed: Management reaffirmed expectations for high single-digit organic growth in Italy and 4-6% in Germany for the full year.
CapEx Outlook: Full-year cash CapEx is expected to be EUR 27 million, in line with consensus.
German Performance: Germany's profitability improved due to synergies, and further enhancement is expected in Q2.
Strategic Wins: Wiit secured a significant cloud contract in Germany by competing successfully against a US hyperscaler, highlighting the appeal of its European platform and cybersecurity offerings.
