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Convergenze SpA Societa Benefit ( (IT:CVG) ) has issued an update.
Convergenze S.p.A. Società Benefit reported a 5.4% increase in sales revenues for the first half of 2025, driven by a 9.8% growth in its Energy Business Unit. The company also reduced its net financial debt to €4.3 million and strengthened its equity to €6.9 million, reflecting its focus on financial sustainability. The launch of the innovative mobile offer, SIMON, marks a strategic move to enhance market presence and brand recognition. Despite a slight decline in EBITDA and net profit, the company continues to invest in its fiber optic network, aiming to maintain competitiveness and generate value for stakeholders.
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 green Telecommunications and Energy sectors. The company operates nationwide, leveraging its patented EVO network for electric vehicles and a proprietary fiber optic network with innovative XGS-PON technology.
YTD Price Performance: 21.11%
Average Trading Volume: 23,445
Technical Sentiment Signal: Buy
Current Market Cap: €15.44M
See more insights into CVG stock on TipRanks’ Stock Analysis page.