Report
Stephane Beyazian

Telecom Italia : Une clarification qui confirme des FCF plus bas avec une nouvelle définition

>Une clarification en ajustant à la baisse les indications de FCF (plutôt qu’en ajustant l’objectif de dette) - Comme attendu, Telecom Italia a publié ce matin une clarification sur ses objectifs financiers afin d’expliquer pourquoi la dette nette entre 2024 et 2026 ne devrait baisser que de 500 M€ alors que la direction financière indiquait prévoir 500 M€ de FCF en 2025 et près de 1 Md€ en 2026. Telecom Italia se justifie avec la création de deux définitions de FCF :...
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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