Home Telecom Italia FY results fall short of targets
 

Keywords :   


Telecom Italia FY results fall short of targets

2013-02-08 09:35:00| Telecompaper Headlines

(Telecompaper) Telecom Italia reported full-year results short of its targets, due to continued weakness in Italy and a slowdown in Brazil. The company had forecast flat sales and EBITDA for the year and reported revenues down 1.5 percent to EUR 29.5 billion and EBITDA 4.2 percent lower at EUR 11.7 billion. In Italy, revenues fell 5.8 percent to EUR 17.9 billion, hurt by cuts to mobile termination rates, tough competition and the weak economic climate. Net debt fell to EUR 28.3 billion at year-end from EUR 30.4 billion in 2011, but did not meet the group's target of EUR 27.5 billion. Operating cash flow improved to EUR 6.5 billion from EUR 5.8 billion in 2011. Telecom Italia said it will publish a new strategic plan for 2013-2015 at the presentation of its annual results later on 08 February. It has also decided to delay a decision on the proposed sale of its broadcast unit, Telecom Italia Media.

Tags: results short fall italia

Category:Telecommunications

Latest from this category

All news

»
05.11NI rise hits workers harder than employers, says OBR
05.11Tropical Storm Rafael Graphics
05.11Tropical Storm Rafael Wind Speed Probabilities Number 8
05.11Tropical Storm Rafael Public Advisory Number 8
05.11Summary for Tropical Storm Rafael (AT3/AL182024)
05.11Tropical Storm Rafael Forecast Advisory Number 8
05.11Lenzing Expands Nonwovens Range
05.11Netflix Europe offices raided in tax fraud probe
More »