logo
Plus   Neg
Share
Email

TIM GROUP 2017 Revenues Up 4.2%; Sets 2018-2020 Strategic Plan - Quick Facts

TIM GROUP reported that revenues in 2017 totalled EUR 19.83 billion, up 4.2% from EUR 19.03 billion in 2016. The organic change in consolidated revenues increased by 2.7%.

TIM GROUP reported profits attributable to the Parent Company Shareholders of EUR 1.12 billion, versus EUR 1.808 billion in 2016. In comparable terms, the profits attributable to the Parent Company Shareholders in 2017 totalled about EUR 270 million more than the previous year.

2017 EBITDA delined 2.6% to EUR 7.79 billion from EUR 8 billion in 2016. In organic terms, EBITDA fell by 3.7%. Fourth quarter EBITDA declined 25.8% to EUR 1.577 billion. 2017 EBIT fell 11.6% to EUR 3.29 billion.

TIM S.p.A.' 2017 revenues totalled EUR 14.099 billion, 3.1% higher than in 2016, while profits for the year declined to EUR 1.087 billion.

In addition, TIM's Board approved the 2018 - 2020 Strategic Plan, which provides for the digitalisation of all processes to dramatically enhance the digital experience
for best in class customer engagement and to create an effective digital journey.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A former Southwest Airlines employee has filed a racial discrimination lawsuit against the airline, alleging that the carrier allowed its employees to create a "whites-only" breakroom. The lawsuit was filed in the United States District Court in Houston earlier this week by Jamel Parker, a former employee of Southwest Airlines. American Airlines Inc. has joined its major rivals in raising baggage fees as the airline industry grapples with higher fuel costs and rising operating expenses. The largest U.S. airline said Thursday it is raising the price of a first and second checked bag by $5 each. The price of a first checked bag is now $30, while it is $40 for a second checked bag. The takeover battle by Comcast Corp. nd Rupert Murdoch's 21st Century Fox Inc. for British broadcaster Sky plc will be settled through an auction. The UK Takeover Panel said Thursday that an auction procedure is expected to commence on the evening of Friday, September 21, 2018 and end on the evening of September 22, 2018. The winner of the auction will be announced on Saturday.
Follow RTT