Report
Stephane Beyazian

Telecom Italia : Further progress ahead of a key board meeting of 24 February

>Positive points: reassuring 2023-25 targets, robust IT growth and stabilisation in EBITDAaL in Q4 2022 - Telecom Italia released yesterday evening encouraging 2023-2024 targets. The company expects: 1/ a slight improvement in sales in 2023, including a virtually stable level in Italy, and over 2022-2025 (consensus ~1%); 2/ EBITDA after leasing (EBITDAaL) slightly up in 2023 (vs -11% in 2022) and growth at around 5% in 2022-2025 (consensus 2.5-3.0%); 3/ cumulative FC...
Underlying
Telecom Italia S.p.A.

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).

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Stephane Beyazian

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