Finance

Snaitech returns to profit after a decade of losses

Italian operator to prioritise online growth in 2018 in wake of increased retail taxes

Snaitech has returned to profit after ten years of consecutive losses, having successfully integrated the Cogetech business it merged with in 2015. The Italian operator reported net profit of €27m in its FY17 results, a substantial improvement on the €17m losses of 2016. EBITDA also increased by 5.9% year-on-year to €135.9m, with Q4 EBITDA levels…

Finance | Italy | Snaitech

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