Unidata posts modest Q1 revenue growth as investments and higher costs pressure margins

Unidata S.P.A. ( (IT:UD) ) has shared an announcement.

Unidata reported first-quarter 2026 revenues of €26.2 million, up 3% year-on-year, driven mainly by a 9% increase in infrastructure revenues and aided by activities related to the UniFiber Italy joint venture. Customer numbers rose 3% and the fibre network extended by 180 km to about 8,700 km, but higher cost of sales compressed profitability, with adjusted EBITDA slipping to €7.1 million and EBIT to €4.1 million, though general and administrative costs remained under control.

The company closed the quarter with net financial debt of €44.4 million after €2.7 million in investments, while maintaining what it describes as a solid and balanced financial structure despite delayed public administration payments that temporarily weighed on cash flow. Management highlighted the launch of a share buyback programme and the UniCenter Tier IV green data centre project in Rome, developed with Azimut Libera Impresa SGR, as strategic moves to consolidate Unidata’s role as a reference provider of advanced digital infrastructure and services.

The most recent analyst rating on (IT:UD) stock is a Buy with a EUR4.50 price target. To see the full list of analyst forecasts on Unidata S.P.A. stock, see the IT:UD Stock Forecast page.

More about Unidata S.P.A.

Unidata S.p.A. is an Italian telecommunications operator focused on broadband connectivity, cloud and IoT services, and proprietary fibre infrastructure. Listed on Euronext Milan’s STAR segment, the group targets advanced digital services markets, leveraging an expanding optical fibre network and new data centre projects to strengthen its position in high-potential segments.

Average Trading Volume: 50,816

Technical Sentiment Signal: Strong Sell

Current Market Cap: €87.1M

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