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General

Telecom Italia revenues dip 2.6%, domestic business improves

Friday 8 May 2015 | 08:21 CET | News
Telecom Italia reported a 2.6 percent year-on-year fall in first-quarter revenues to EUR 5.05 billion, hurt by the ongoing economic downturn in Brazil, but a significant improvement on the 11.9 percent decline posted a year earlier. EBITDA dropped 7.7 percent to EUR 2.03 billion, and EBITDA margin dipped to 40.2 from 42.4 percent a year ago. Net profit declined to EUR 80 million from EUR 222 million in the year-earlier period, mainly due to the negative effects of the recent bond buyback programme, without which the company said its profit would have been over EUR 300 million. Adjusted net

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