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Telecom Italia revenues down 1.6% in Q1 on Brazil decline, regulatory fines

2018-05-17 08:36:00| Telecompaper Headlines

(Telecompaper) Telecom Italia reported a 1.6 percent year-on-year decline in revenues to EUR 4.74 billion in the first quarter, hit by falling sales at its TIM Brasil unit and provisions made for a domestic fine of EUR 74.3 million imposed on the phone group after the Italian government activated the so-called "golden power" rule last October to scale back Vivendi's influence. The company's EBITDA for the quarter fell 4.9 percent year on year to EUR 1.89 billion with a margin of 39.9 percent, down 1.4 percentage points year on year. On an organic basis, excluding exchange rate effects and non-recurring components, revenues were up 2.7 percent in the first three months of the year, with EBITDA rising 1.8 percent, boosted by a 1.7 percent rise in domestic sales. The group's adjusted net debt came to EUR 25.54 billion at the end of Q1, some EUR 229 million higher than the Q4 result, with capex falling to EUR 660 million from EUR 831 million in Q1 2017.

Tags: italia brazil regulatory telecom


The Beer Institute warns of new US beer category decline - figures

2018-05-14 13:20:00| Daily beverage news and comment - from just-drinks.com

Beer volumes in the US are set to fall for the second year in a row, according to new Beer Institute figures that highlight a number of challenges facing the category.

Tags: category institute figures beer


Footfall suffers 'unprecedented' decline

2018-05-14 01:23:24| BBC News | Business | UK Edition

Number of shoppers falls 4.8% in March and April - worse than in the depths of the last recession.

Tags: decline unprecedented suffers


Sickies in decline as more people attend work when ill, says report

2018-05-02 09:44:05| BBC News | Business | UK Edition

Employees have become much more likely to come to work while ill according to a new report.

Tags: when work people report


Dutch pay-TV market decline to accelerate in 2018

2018-04-03 12:33:00| Telecompaper Headlines

(Telecompaper) The number of connections on the Dutch television market fell by 0.1 percent in 2017 to 7.48 million, according to a report from Telecompaper about the Dutch television market in the fourth quarter. Growth in IPTV via DSL and fibre was not able to offset the decline in traditional TV broadcasting (cable, satellite and Digitenne). For 2018, Telecompaper expects a decrease of 1 percent in the number of connections.

Tags: market dutch decline accelerate


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