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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Telecom Italia    TIT   IT0003497168

TELECOM ITALIA

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Telecom Italia : Swung to Loss in 3Q, Hit by Write-Down

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11/09/2018 | 02:59am EDT

By Alberto Delclaux

Telecom Italia SpA (TIT.MI) late Thursday reported a third-quarter loss, citing an impairment, and said it wasn't backing its 2018 debt-to-Ebitda guidance.

Italy's largest telecom operator said it booked a net loss of 1.40 billion euros ($1.60 billion) in the third quarter compared with a net profit of EUR437 million the prior year quarter, as the company was hit by a EUR2 billion write-down on goodwill of the domestic business unit.

Revenue was down 4.1% at EUR4.67 billion.

Analysts had expected the company to post net profit of EUR443 million on the back of revenue of EUR4.71 billion, according to a FactSet-compiled consensus.

Earnings before interest, taxes, depreciation and amortization totaled EUR2.05 billion compared with analyst expectations of EUR2.11 billion.

Telecom Italia said it wasn't backing its full-year debt-to-Ebitda guidance, citing a fine in Italy, an adverse competitive and regulatory environment in the domestic business and the weakening of exchange-rate in Brazil.

Write to Alberto Delclaux at alberto.delclaux@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
TELECOM ITALIA -0.45% 0.5282 Delayed Quote.8.54%
TELECOM ITALIA -0.79% 0.5258 End-of-day quote.8.79%
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Financials (€)
Sales 2019 18 941 M
EBIT 2019 3 546 M
Net income 2019 1 418 M
Debt 2019 24 848 M
Yield 2019 0,67%
P/E ratio 2019 8,04
P/E ratio 2020 7,49
EV / Sales 2019 1,88x
EV / Sales 2020 1,83x
Capitalization 10 852 M
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Technical analysis trends TELECOM ITALIA
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TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 0,62 €
Spread / Average Target 17%
EPS Revisions
Managers
NameTitle
Luigi Gubitosi Chief Executive Officer & Executive Director
Fulvio Conti Chairman
Piergiorgio Peluso CFO, Head-Administration, Finance & Control
Roberto Mazzilli Head-Information Technology & Security Compliance
Elisabetta Romano Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
TELECOM ITALIA8.79%12 263
VERIZON COMMUNICATIONS3.68%246 931
NIPPON TELEGRAPH AND TELEPHONE CORP7.41%85 395
DEUTSCHE TELEKOM AG5.57%84 177
SAUDI TELECOM COMPANY SJSC--.--%56 535
TELEFONICA3.56%44 590