09 maj: Aktier/Europa: Blød landing efter rød dag
10 maj: OPTAKT Torm Q1 10/5: Mens vi venter på aftalen
09-05-2012 23:31:00

Telecom Italia 1Q Net Profit EUR606 Million, To Begin Sale Of Media Operations

Relateret indhold

By Giada Zampano

Of DOW JONES NEWSWIRES

ROME -(Dow Jones)- Telecom Italia SpA (TI) said Wednesday its first-quarter net profit rose by 10% as its Latin American operations boosted revenue and its struggling domestic business started to show improving signs.

Telecom Italia also said it decided to start the process for the sale of its media operations in an attempt to focus on its core activities and slash its debt.

Such disposal will help to cut back the company's net debt to its 2012 target of EUR27.5 billion ($35.6 billion). Telecom Italia closely watched net debt dropped to EUR30.3 billion in the first quarter, compared with EUR30.4 billion at the end of December.

Telecom Italia said earlier this week it would examine Wednesday the different strategic options related to its majority stake in broadcasting unit loss-making broadcasting unit Telecom Italia Media SpA (TME.MI).

Telecom Italia Media posted a net loss of EUR15.7 million in the first quarter, compared with a EUR9.2 million loss reported in the same period a year ago.

Over the weekend, press reports said Telecom Italia would decide on the sale of its 77% stake in TI Media, which broadcasts the La7 and Mtv channels, and owns three multiplex.

La7 showed solid margins of growth in 2012, carving a niche in Italy's free-to-air TV market and attracting popular TV hosts and journalists from state broadcaster RAI and Mediaset SpA (MS.MI).

Italy's largest telecommunication operator posted a EUR606 million first-quarter net profit, compared with EUR549 million a year earlier, as revenue grew 4.5% to EUR7.39 billion. The results were slightly above analysts' forecasts, which predicted a EUR557.7 million net profit and EUR7.3 billion in revenue.

Telecom Italia said its consolidated earnings before interest, taxes, depreciation and amortization, or Ebitda, rose 1.2% to EUR2.96 billion on the year.

The Italian operator said its core domestic businesses posted a 3.3% decline in revenue to EUR4.25 billion.

Its Brazilian operations performed strongly, posting a 29.5% jump in profits as net revenue rose by 19% due to growth in voice and data services.

The company added it is confirming all of its targets for 2012.

-By Giada Zampano, Dow Jones Newswires; +39 06 69766920; enza.tedesco@dowjones.com

--Enza Tedesco contributed to this article.

Order free Annual Report for Telecom Italia SpA

Visit http://djnweurope.ar.wilink.com/?ticker=IT0003497168 or call +44 (0)208 391 6028

Order free Annual Report for Telecom Italia SpA

Visit http://djnweurope.ar.wilink.com/?ticker=US87927Y1029 or call +44 (0)208 391 6028

Order free Annual Report for Telecom Italia SpA

Visit http://djnweurope.ar.wilink.com/?ticker=US87927Y2019 or call +44 (0)208 391 6028

(END) Dow Jones Newswires

May 09, 2012 17:31 ET (21:31 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Mærsk: Fragtraterne fortsatte opturen i denne uge

03-09-2015 13:45:50
Fragtraterne på den store rute mellem Asien og Nordeuropa er steget med over 25 pct. for anden uge i træk, skriver nyhedsbureauet Reuters, med henvisning til ta..

Aktier/åbning: ISS straffes for canadisk storudsalg

03-09-2015 09:22:45
Servicekoncernen ISS rammes af et storudsalg af aktier fra den canadiske pensionskasse Ontario Teachers Pension Plan. Pensionskassen har sat 11 mio. aktier til ..

Vind: Brasilien lover højere prisloft på næste auktion

03-09-2015 08:33:37
Der er godt nyt til vindindustrien i Brasilien, hvor myndighederne lover at forhøje maksimalprisen ved den kommende auktion over vindmølleprojekter. Priserne ve..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Japansk støvsugning har nået grænsen
2
Draghi sænker prognoser og er klar til at pumpe penge ud - NY
3
Aktier/tendens: Grøn torsdag afløses af fredagsdepression
4
Torsdagens aktier: FLS og ISS ugleset i opstemt marked - GENT
5
Aktier/middag: ISS frosset ude i stigende marked

Relaterede aktiekurser

Telecom Italia SPA 12,36 0,0% Aktiekurs uændret
Telecom Italia SPA CL 'A.. 10,14 0,0% Aktiekurs uændret
Telecom Italia 1,11 0,0% Aktiekurs uændret
Mediaset S.P.A 4,41 0,0% Aktiekurs uændret
Telecom Italia SPA 1,15 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2015  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
4. september 2015 09:50:00
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20150903.1 - EUROWEB5 - 2015-09-04 09:50:00 - 2015-09-04 09:50:00 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x