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The telephone company reported that the period under review ended with a contraction in revenues and EBITDA. Debt also declined
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Telecom Italia released data for the first quarter of 2018, a closed period with a contraction in revenues and EBITDA. Debt also decreased
TELECOM ITALIA, THE BUDGET OF THE FIRST SEMESTER OF 2018
Telecom Italia closed the first half of 2018 with a turnover of 9.51 billion euros, down 2.7% from 9.77 billion euros earned during from the same period of the previous year. The company said that the positive revenue trend of the domestic business division (+24 million euros) was offset by the reduction in the Brazil Business Unit (-286 million euros) entirely related to the devaluation of the Brazilian real. On an organic basis, revenues would have increased by 1.5%
Comparable gross operating margin also decreased from 4% to 4.8%, 11 billion to 3.92% billion euros ; as a result, the marginality increased from 42.1% to 41.2%. The management of Telecom Italia indicated that the group recorded non-recurring operating expenses in the first half of 2018 for a total of 121 million euros (56 million euros over the same period of 2017, at a rate of constant change and including off ").
Net income for the first half of 2018 attributable to shareholders was 554 million euros . The comparable figure is equal to 618 million euros, compared with 596 million recorded in the first half of last year.
TELECOM ITALIA, DEBTS AT THE END OF JUNE 2018
In the first half of 2018, Telecom Italia recorded a positive operating cash flow of 886 million euros against a positive value of 958 million euros During the first six months of 2017, Telecom Italia stated that the operating cash flow was mainly absorbed by the payment of dividends for 222 million euros and by the components of financial management ( approximately 700 million euros in the first half of 2018). 800 million euros in the first half of 2017). During the same period, industrial investments amounted to 1.6 billion euros
At the end of June the adjusted net financial debt rose to 25 , 14 billion euros slightly lower than the 25.31 billion at the beginning of the year. The net financial debt at June 30, 2018, on the other hand, was 26.04 billion euros, down slightly from 26.09 billion at the end of 2017.
On the same date the liquidity margin was equal to 8.14 billion euros which makes it possible to cover the group's financial debts maturing at least during the following 24 to 36 months.
TELECOM ITALIA, SOME INDICATION FOR 2018
The Telecom Italia summits examined the theme of the commitments, not foreseen in the plan, that could result from participation in the 5G call for tenders, and began a process of evaluating the strategic options of its subsidiaries, confirming the continuation of the sales process of Persidera .
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