Telecom Italia Reports First Half Net Loss of €204M Compared to Prior Year Profit
Telecom Italia S.p.A. reported a net loss attributable to shareholders of €204 million for the first half (1H) compared to a net profit of €139 million in the same period last year, according to its latest earnings release. Despite this decline in profitability, revenue increased by 2.0% year-over-year to €6.8 billion during H1, with service revenue rising slightly at 2.1% to €6.4 billion. The company also reported an EBITDA After Lease of €1.8 billion for the period. The results reflect a challenging operating environment and highlight ongoing financial pressures despite modest top-line growth.
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Topics: net_loss revenue_growth telecom