Telecom Italia EBITDA Up 16.6% in Q3
Improved domestic trends reflected in EBITDA growth
November 11, 2011
MILAN --
Jan-Sep 2011 results
Revenues: €22,059 million (+10.9% compared with the first nine months of 2010)
Adjusted net financial position: €29,948 million, down €1,520 million on 31 December 2010 (€31,468 million); -€3 billion compared with 30 September 2010
Bernabè: “Telecom Italia continues to strengthen its position in group core markets and its cash generation. the improved domestic trends, coupled with effective operational and financial management allows us to confirm our targets.”
EBITDA: €9,175 million (+8.3% compared with the first nine months of 2010)
Organic EBITDA: €9,234 million (-1.0% compared with the first nine months of 2010)
EBIT: €1,847 million (4,304 million as of 30 September 2010), in reduction following the goodwill write-down already reported in June on domestic business of €3,182 million
Organic EBIT: €5,052 million (+4.9% compared with the first nine months of 2010)
Operating free cash flow: €4,524 million (+1,073% compared with the first nine months of 2010)
Net income: -€1,206 million; excluding the goodwill write-down, the net result for the period would amount to €2 billion (+8.6% compared with the previous year)
Third Quarter 2011 results
Revenues: €7,516 million (+12.6% compared with Q3 2010)
EBITDA: €3,198 million (+16.6% compared with Q3 2010)
EBIT: €1,888 million (+32.7% compared with Q3 2010)
Consolidated earnings: €807 million (+32.7% compared with Q3 2010)
Telecom Italia (TIM)
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