Telecom Italia Confirms Guidance After 1Q Profit Slipped
21 Maggio 2019 - 7:50AM
Dow Jones News
By Nathan Allen
Telecom Italia SpA (TIT.MI) confirmed its financial guidance
late Monday after first-quarter profit fell, largely due to the
introduction of the IFRS 16 accounting standard.
The Italian telecom said net profit fell to 165 million euros
($184.2 million) from EUR199 million a year earlier. Excluding the
effects of the new accounting standard net profit was EUR193
million, the company said.
Revenue fell to EUR4.47 billion from EUR4.69 billion, while
earnings before interest, taxes, depreciation and amortization rose
to EUR1.95 billion from EUR1.79 billion, the company said.
Net debt fell by EUR457 million on year to EUR25.1 billion,
Telecom Italia said.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
May 21, 2019 01:35 ET (05:35 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Grafico Azioni Telecom Italia (NYSE:TI)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni Telecom Italia (NYSE:TI)
Storico
Da Mag 2023 a Mag 2024
Notizie in Tempo Reale relative a Telecom Italia S.P.A. New (Borsa di New York (NYSE)): 0 articoli recenti
Più Telecom Italia S.P.A. New Articoli Notizie