Published by Global Banking & Finance Review®
Posted on November 13, 2025
1 min readLast updated: January 21, 2026
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Wiit reports a 19.5% rise in nine-month core profit, reaching 50.9 million euros. The company continues to explore M&A opportunities, with Germany as a key expansion market.
(Reuters) -Italian cloud computing and cybersecurity service provider Wiit posted on Thursday a 19.5% rise in its nine-month adjusted core profit (EBITDA) to 50.9 million euros ($59.4 million).
The company also said in a statement it continues to pursue M&A opportunities, adding that the German market remains a key area for the group's expansion in Europe.
($1 = 0.8575 euros)
(Reporting by Laura Contemori; Editing by)
Adjusted core profit, often referred to as EBITDA, is a financial metric that measures a company's earnings before interest, taxes, depreciation, and amortization. It provides a clearer view of operational performance by excluding non-operational expenses.
M&A opportunities refer to potential mergers and acquisitions, where companies consider combining operations or acquiring other businesses to enhance growth, market share, or operational efficiencies.
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure used to analyze a company's operating performance and profitability without the impact of financial and accounting decisions.
Market expansion refers to strategies employed by a company to increase its market share or enter new markets, often through geographic growth, product diversification, or mergers and acquisitions.
The German market is significant for companies due to its strong economy, advanced infrastructure, and high consumer purchasing power, making it an attractive destination for expansion and investment.
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