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First Half 2008 Financial Results

08/08/2008 - 00:00 AM

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On Friday, August 8, 2008, a conference call took place to review the Telecom Italia Group's financial results for the first six months of 2008, as approved by the Board of Directors.

  • Revenues: 14,838 million euro (down 3.3% compared with the first half 2007); -3.8% organic variation; -1.2% excluding the effects of regulatory changes (394 million euro)
  • Ebitda: 5,535 million euro (down 12.6% compared with the first half 2007); -8.3% organic variation; -3.7% excluding the effects of regulatory changes (292 million euro)
  • Organic ebitda margin: 39.4% (41.4% in h1 2007) consolidated net income: 1,140 million euro; down 24.0% compared with the first half 2007
  • Net financial borrowings as at June 30, 2008 of 37,172 million euro (35,701 million euro at y/e 2007); net financial borrowings up 1,736 million euro compared with March 31, 2008 (35,436 million euro) after the second quarter dividend payouts (1,638 million euro) and the purchase of 3g licenses in (477 million euro).


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