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Telecom Italia Media reduces losses to EUR 7 mln

Thursday 6 November 2014 | 15:38 CET | News
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Telecom Italia Media substantially reduced its net loss to EUR 7 million in the first nine months of 2014, compared to a loss of EUR 128.1 million in the first nine months of 2013. Revenues dropped to EUR 50.6 million from EUR 56.5 million in the year-earlier period, while EBITDA came in at EUR 18.9 million, versus EUR 26 million in the first six months of 2013. The company's net debt rose to EUR 262.7 million from EUR 259.9 million at the end of 2013. Looking ahead, TI Media said it will continue to focus on restoring the group's efficiency and profitability following the sale of its

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Categories: Broadcast & Satellite
Companies: L'Espresso / Telecom Italia Media
Countries: Italy
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