Intred lifts core revenues, sharpens recurring focus and targets Euronext Milan move

The latest announcement is out from Intred SpA ( (IT:ITD) ).

Intred reported first-quarter 2026 revenues of €14.2 million, up 2% year on year, with core revenues excluding school tenders rising 6.8% and recurring-fee services accounting for 93.8% of the total. Growth was driven by an 11.3% increase in ultra-broadband connections and a strong performance across professional, public administration, private and wholesale segments, alongside continued expansion of its fibre network beyond 15,000 km and deeper penetration in Lombardy provinces.

The company is deliberately shifting its revenue mix away from one-off school-tender activations toward more stable recurring income, while integrating the acquisition of Connecting Italia by pruning low-margin, non-strategic services. Management highlighted low churn of 4.4%, reduced geographic concentration risk, and the strategic launch of a process to move its listing to the regulated Euronext Milan market, likely the STAR segment, as steps expected to strengthen visibility, resilience and long-term growth prospects, supported by a renewed share buyback program.

The most recent analyst rating on (IT:ITD) stock is a Buy with a EUR16.00 price target. To see the full list of analyst forecasts on Intred SpA stock, see the IT:ITD Stock Forecast page.

More about Intred SpA

Intred S.p.A. is a telecommunications operator listed on Euronext Growth Milan, focused on providing ultra-broadband and high-connectivity services, mainly via proprietary fibre-optic infrastructure in Lombardy. Its business is centered on recurring-fee services for professional, public administration, private and wholesale customers, with a strong presence in Brescia and growing exposure in other provincial markets.

Average Trading Volume: 10,498

Technical Sentiment Signal: Hold

Current Market Cap: €153.7M

For a thorough assessment of ITD stock, go to TipRanks’ Stock Analysis page.