09 maj: Pas på de skjulte forsikringer
13 maj: Nye produkter storsælger hos Pandora
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

Tivoli/CEO: Ny sæson og Tivoli Hjørnet øger omsætningen

23-04-2018 13:39:42
Den nye sæson hos forlystelsesparken Tivoli, Vinter I Tivoli, har sammen med åbningen af Tivoli Hjørnet bidraget til, at omsætningen er steget i første kvartal 2018.Det vurderer Lars Liebst, der er administrerende direktør i Tivoli. - Vi har haft åbent til Vinter i Tivoli og åbnet vores hjørne, og det har været gode ting. Det kan man se på omsætningen, siger Lars Liebst til Ritzau Finans.Nettoomsæ..

Vestas-konkurrent: Møllepriser er faldet 13 pct. på årsbasis

23-04-2018 07:00:55
Den amerikanske Vestas-konkurrent GE Renewable Energy melder om fortsat prispres, hvilket selskabet forsøger at kompensere for gennem omkostningsreduktioner. I første kvartal faldt priserne på nye mølleenheder til ordrebogen med 13 pct. i forhold til samme periode sidste år. Det sagde finansdirektøren for General Electric, som GE Renewable Energy er en del af, Jamie Miller, fredag på en telekonfer..

Bavarian: Udenlandske kapitalfonde øger væddemålet på kursfald

20-04-2018 16:36:15
En række kapitalfonde har onsdag og torsdag øget sine shortpositioner i biotekselskabet Bavarian Nordic. Det viser en række indberetninger til Finanstilsynet. Torsdag har Capital Partners øget sin shortposition til 0,62 pct. af aktierne fra 0,54 pct. Ligeledes har AHL Partners øget sin shortposition til 1,31 pct. af Bavarian-aktierne. Tidligere havde kapitalfonden shortet 1,20 pct.Arrow Street øge..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Bavarian-aktien har oplevet markant shortangreb efter regnskab
2
Vestas-konkurrent: Møllepriser er faldet 13 pct. på årsbasis
3
Aktier/tendens: Topdanmark kan få hovedrolle i neutralt marked
4
Pandora/Carnegie: Løfter kursmålet til 700 kr.
5
Milliardsalg af L'easy vakler - citat

Relaterede aktiekurser

Mediaset S.P.A 3,307 -0,1% Fald i aktiekurs
Telecom Italia S.P.A. Ne.. 10,70 -1,4% Fald i aktiekurs
Telecom Italia S.P.A. Ne.. 9,210 -0,9% Fald i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2018  Disclaimer Cookie- og privatlivspolitik
Aktieinformation leveres af Morningstar.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
24. april 2018 06:54:58
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20180423.5 - EUROWEB7 - 2018-04-24 06:54:58 - 2018-04-24 06:54:58 - 1 - Website: OKAY