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General

Telecom Italia profit falls 27% in Q3, backs 2013 outlook

Friday 8 November 2013 | 10:27 CET | News
Telecom Italia's third-quarter profit fell 27.4 percent to EUR 505 million, down from EUR 696 million in last year's third-quarter. Operating profit (EBIT) for the period also decreased by 12.5 percent to EUR 1.48 billion, while EBITDA amounted to EUR 2.70 billion, down 7.1 percent year-on-year. Revenues declined 8.8 percent to EUR 6.63 billion, due above all to the recession-hit domestic business. In organic terms, revenues were down 1.1 percent. The company reported a net loss for the first nine months of 2013 of EUR 902 million due to goodwill write-downs. Adjusted net financial debt was

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Categories: General
Companies: Telecom Italia / TIM
Countries: Italy
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