Telecom Italia : Clarification which confirms lower FCF under a new definition
>Clarification by adjusting down FCF indications (rather than adjusting the target for debt) - As expected, Telecom Italia this morning issued clarification on its financial targets in order to explain why net debt between 2024 and 2026 is set to fall by just € 500m, while management had indicated FCF of € 500m in 2025 and close to € 1bn in 2026. Telecom Italia has justified this with the creation of two definitions of FCF: A first “normalised net cash flow” whic...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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