TELECOM ITALIA S.P.A.
TIM: BOARD OF DIRECTORS APPROVES THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2019
03/10/2020 - 07:20 PM
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- TIM: BOARD OF DIRECTORS APPROVES THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2019
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GROUP NET PROFITS OF 1.3 BILLION EUROS
CASH GENERATION OF 1.7 BILLION EUROS (+198 vs. 578 MILLION IN 2018)
NET FINANCIAL DEBT DOWN BY 1.4 BILLION EUROS SINCE THE START OF THE YEAR AND BY 473 MILLION EUROS IN THE 4TH QUARTER
PROPOSAL TO PAY A DIVIDEND AMOUNTING TO 1 EURO CENT FOR ORDINARY SHARES AND 2.75 EURO CENTS FOR SAVINGS SHARES
► Operating free cash flow: 3.1 billion euros, improving by 1 billion euros YoY
► Equity free cash flow: 1.7 billion euros (578 million euros in 2018)
► Net Financial Debt: 23.8 billion euros, down by more than 1.4 billion euros compared to end-2018 and by around 0.5 billion euros on Q3
► Net Financial Debt - After Lease 21.9 billion euros
► Revenues: 18 billion euros (-2.6% YoY excluding Sparkle and product revenues)
► Reported EBITDA: 7.5 billion euros, +1.2% YoY
► EBITDA AL (After Lease): 7.2 billion euros, -2.2% YoY ► Reported EBITDA - CAPEX: 3.7 billion euros (3.4 billion euros in 2018 excluding licences)
► Integration of the mobile passive network infrastructure of Inwit and Vodafone Italia and active sharing goes ahead after approval by the EU competition authority
► KKR Infrastructure fund is reserved a period of exclusivity as financial partner for the deployment of the fibre network in Italy following the presentation of a non-binding offer to acquire approx. 40% of TIM's fibre/copper secondary network and in view of the advocated integration with Open Fiber
► Final agreements on the strategic initiatives launched in 2019 signed with Google Cloud and Santander Consumer Bank
► Exclusive agreement signed for the distribution of Disney+ in Italy, positioning TIM Vision as reference operator in premium content aggregation in Italy
CASH GENERATION OF 1.7 BILLION EUROS (+198 vs. 578 MILLION IN 2018)
NET FINANCIAL DEBT DOWN BY 1.4 BILLION EUROS SINCE THE START OF THE YEAR AND BY 473 MILLION EUROS IN THE 4TH QUARTER
PROPOSAL TO PAY A DIVIDEND AMOUNTING TO 1 EURO CENT FOR ORDINARY SHARES AND 2.75 EURO CENTS FOR SAVINGS SHARES
► Operating free cash flow: 3.1 billion euros, improving by 1 billion euros YoY
► Equity free cash flow: 1.7 billion euros (578 million euros in 2018)
► Net Financial Debt: 23.8 billion euros, down by more than 1.4 billion euros compared to end-2018 and by around 0.5 billion euros on Q3
► Net Financial Debt - After Lease 21.9 billion euros
► Revenues: 18 billion euros (-2.6% YoY excluding Sparkle and product revenues)
► Reported EBITDA: 7.5 billion euros, +1.2% YoY
► EBITDA AL (After Lease): 7.2 billion euros, -2.2% YoY ► Reported EBITDA - CAPEX: 3.7 billion euros (3.4 billion euros in 2018 excluding licences)
► Integration of the mobile passive network infrastructure of Inwit and Vodafone Italia and active sharing goes ahead after approval by the EU competition authority
► KKR Infrastructure fund is reserved a period of exclusivity as financial partner for the deployment of the fibre network in Italy following the presentation of a non-binding offer to acquire approx. 40% of TIM's fibre/copper secondary network and in view of the advocated integration with Open Fiber
► Final agreements on the strategic initiatives launched in 2019 signed with Google Cloud and Santander Consumer Bank
► Exclusive agreement signed for the distribution of Disney+ in Italy, positioning TIM Vision as reference operator in premium content aggregation in Italy
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Telecom Italia S.p.A. published this content on 10 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2020 18:43:00 UTC
