Economy

Communications: The first quarter is in the red, but there is a nice surprise

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By David Pantaleo

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Telecom Italia

Telecom Italia reported positive results for the first three months of the year. This is what it is.

Telecom Italia has just released its first quarter results which closed with a € 200m loss due to one-off items.

Telecom Italia: first quarter in the red. Here because

This number was affected by the allocation of the employees’ exit for early and voluntary retirement expected in the second quarter of this year by about 1,300 people.

After ruling out this impact, Telecom Italia was to announce a net result of € 0.1 billion, in line with the figure for the first three months of 2020.

Telecom Italia: Revenue Focus and Ebitda

Not surprisingly, revenues stood at € 3.8 billion, which were stable compared to the first quarter of 2020, while revenues from the domestic fixed line increased by 3%.

Earnings before interest, taxes, depreciation and amortization of organic debt fell 1.3% to 1.6 billion euros, while Ebitda after lease fell 1.7% to 1.4 billion euros.

Telecom Italia: Good news for debt

Good news at the forefront of the net financial debt, which was reduced in the first quarter by 5.59 billion euros, equivalent to 21.155 billion euros.

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