Convergenze sees 1H2026 BU TLC margin at 27%-28% range

• Convergenze flagged 1H 2026 BU margin expectations: TLC margin seen at 27%-28%; Energy margin seen at 4.5%-5.5%.
• Outlook follows 1H revenue of EUR 13.1 million, up 3.7% year on year; TLC EUR 5.7 million, Energy EUR 7.4 million.
• Management expects a stronger 2H performance, citing early signs of margin stabilization in telecoms, led by mobile, with fixed broadly resilient.
• Energy outlook points to stable volumes, with 19.9 million kWh sold; active POD fell to 9,368 from 9,848 a year earlier.
• Fiber build-out remains central to the plan, with proprietary network length above 14,000 km, up 16.9% year on year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Convergenze S.p.A. SB published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 20203_170542_2026_oneinfo.pdf), on July 31, 2026, and is solely responsible for the information contained therein.