Convergenze SpA Societa Benefit ( (IT:CVG) ) has issued an announcement.
Convergenze S.p.A. Società Benefit reported a 15% increase in total revenues for the first quarter of 2025, reaching €6.9 million, driven by a significant 26.9% rise in its Energy Business Unit revenues. The growth underscores the company’s strategic focus on sustainability and technological infrastructure expansion, including a 21.9% increase in its fiber optic network. This performance reflects the company’s robust integrated model and commitment to sustainable development, positioning it strongly in the market and enhancing its stakeholder value.
More about Convergenze SpA Societa Benefit
Convergenze S.p.A. Società Benefit is an integrated technology operator active in the Telecommunications and 100% green Energy sectors, with a national presence through its patented EVO network for electric vehicle charging and a proprietary fiber optic network. Established in 2005, the company expanded from internet and telephony services into the energy sector, focusing on renewable electricity and natural gas. It operates from the Convergenze Innovation Center, emphasizing sustainability and innovation, and became a Benefit Company in 2020 and a B-Corp in 2025.
YTD Price Performance: 3.07%
Average Trading Volume: 20
Technical Sentiment Signal: Sell
Current Market Cap: €13.87M
See more data about CVG stock on TipRanks’ Stock Analysis page.