Telecom Italia : Q1 2024: positive trends on ServiceCo but FCF impacted by charges
>EBITDAal continues to grow but with significant exceptional items in Q1 - For Q1 2024, Telecom Italia (TIM) has published telecom services revenue growth of 3% to € 3,673m (in line with the consensus at € 3,652m, ODDO BHF at € 3,649m) driven by growth in Brazil (+8%) and Italy (+1%). EBITDA after leasing (EBITDAaL) was up 3% to € 1,237m (consensus at € 1,242m, ODDO BHF: € 1,269m) despite the decline in Italy (-5%) due to losses on fibre with high margins on Open Fib...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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