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Third Quarter 2010 Financial Results

11/29/2010 - 00:00 PM

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On Thursday, November 4, 2010 a conference call took place to review the Telecom Italia Group's financial results for the first nine months of 2010, approved by the Board of Directors.

  • Revenues: €19,899 million, down 0.5% compared with the first nine months of 2009; organic variation is -4.9%
  • Ebitda: €8,475 million (-0.6% compared with the first nine months of 2009), excluding provision for €240 million posted for headcount reduction plan
  • Organic ebitda: €8,747 million (-0.8% compared with the first nine months of 2009)
  • Organic ebitda margin: 44.0% (42.1% in the first nine months of 2009; +1.9 pp)
  • Ebit: €4,304 million (+0.3% compared with the first nine months of 2009)
  • Net income: €1,819 million (+57.2% compared with the first nine months of 2009); excluding non-recurring items, net income came to €1,993 million in the first nine months of 2010, up 14.6% compared with the same period of 2009
  • Adjusted net financial position: €32,985 million, down €964 million on 31 December 2009 (€33,949 million); -€2.1 billion compared with 30 September 2009

It is possible to follow the event in audio-streaming on demand and to download the presentation slides on this website.