Italian Rai Way sees core profits and revenue rise in 2022 By Reuters

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(Reuters) – Italian tower group Rai Way said on Thursday it expects growth in revenue and adjusted core profit this year, after posting a 4.8% rise in profits from adjusted basis for the last quarter of 2021.

The group said revenues would rise by a “mid-single-digit” percentage, boosted by a mechanism that links them to rising inflation and the results of “re-farming”, or redeployment of the electromagnetic spectrum. for higher value-added services.

Adjusted core earnings will also rise in 2022, provided power prices normalize, he said.

In the last three months of 2021, adjusted earnings before interest, tax, depreciation and amortization (EBITDA) were 33 million euros ($37 million).

Revenues increased by 3.2% compared to the previous quarter to reach 58.2 million euros. ($1 = 0.9001 euros)

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