Telecom Italia : An excellent Q2 2023 that underpins the CEO’s plan at a key moment
>The good news: Italy is stabilising, brisk growth in Brazil - Q2 2023 was broadly a good quarter at 1-2% above forecasts, with revenues up 2% at € 3,999m (consensus € 3,965m) and EBITDA up 5% at € 1,641m (consensus € 1,611m), FCFaL (consensus -€ 160m). Net debt was nonetheless slightly higher than expected at € 26.2bn (consensus € 26.1bn). EBITDA after leasing was 2% above forecasts at € 1,368m (consensus € 1,338m), up 3.8% pro forma, driven by growth at 0.1% in...Telecom Italia is a telecommunications group based in Italy. Co. is engaged in the communications sector and, particularly, the fixed and mobile national and international telecommunications sector, the television sector and the office products sector. Co. operates mainly in Europe, South America and the Mediterranean Basin. Co.'s operations are organized along two operating segments: Domestic - Italy (providing telephone and data services on fixed-line and mobile networks for final customers (retail) and other operators (wholesale)); and Brazil (operates in the mobile phone, fixed telephony, in long-distance and data transmission markets in Brazil).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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