Report
Stephane Beyazian

Telecom Italia : Trois mois pour valider la thèse d’investissement

>Du mieux attendu au T3 avant un redressement promis pour le T4 - Nous nous attendons à ce que Telecom Italia publie une croissance de 3.5% de son CA et un recul de 11% de son EBITDA après leasing au T3 2022 par rapport à l’année précédente. L’Italie devrait rester difficile avec un recul de 4% du CA de service (vs -4.5% au T2), en raison du recul du parc clients (-3%) et de l’ARPU (-1%) ; les pertes de clients pourraient toutefois se réduire avec un marché moins com...
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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