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Convergenze SpA Societa Benefit ( (IT:CVG) ) has provided an announcement.
Convergenze’s shareholders approved the 2025 separate financial statements and the Annual Impact Report, confirming revenues of €25.7 million split between its telecom and energy units, adjusted EBITDA of €4.2 million, EBITDA of €3.7 million, EBIT of €1.4 million and a net profit of about €0.5 million, with net financial debt at €4.8 million. They resolved to allocate the 2025 profit to legal and available reserves, appointed a new seven-member Board of Directors and a new Board of Statutory Auditors, and set directors’ compensation frameworks, while the new board validated independence criteria for its independent director, signaling governance continuity and a structured approach to oversight and incentive alignment.
The meeting decided that €83,300 of the 2025 profit will be allocated to the legal reserve and €407,510 to the available reserve, reflecting a conservative capital management policy that reinforces the company’s equity base. By reappointing leadership under Chairman Rosario Pingaro, confirming an independent director, and defining both fixed and potential variable remuneration for directors, Convergenze aims to balance stability with performance-driven governance, which may strengthen investor confidence and support its positioning in Italy’s telecoms, energy, and EV charging markets.
The most recent analyst rating on (IT:CVG) stock is a Buy with a EUR4.50 price target. To see the full list of analyst forecasts on Convergenze SpA Societa Benefit stock, see the IT:CVG Stock Forecast page.
More about Convergenze SpA Societa Benefit
Convergenze S.p.A. Società Benefit is an integrated technology operator active in the telecommunications and energy sectors, listed on Euronext Growth Milan under the ticker CVG. The company serves the Italian market with connectivity and power services and operates a patented EVO (Electric Vehicle Only) charging network for electric mobility across the country.
Average Trading Volume: 3,083
Technical Sentiment Signal: Sell
Current Market Cap: €12.74M
Find detailed analytics on CVG stock on TipRanks’ Stock Analysis page.