TIM (TIT,TITR.MI,TIT.MI) reported first quarter loss for the period attributable to owners of the Parent of 292 million euros compared to a loss of 124 millin euros, prior year. Operating profit or EBIT declined to 22 million euros from 209 million euros. Group EBITDA After Lease was down 2.7% year-on-year, amounting to 0.8 billion euros. Excluding the MVNO business segment, the growth of the Group's EBITDA AL would be equal to 4.1% year-on-year.
Group total revenues amounted to 3.3 billion euros, up by 1.4% year-on-year. Group service revenues are up by 2.3% year-on-year to 3.1 billion euros. Excluding the MVNO business segment, total Group revenue growth would be 3.1% year-over-year, and service revenue growth would be 4.1% year-over-year. Total operating revenues and other income was 3.38 billion euros compared to 3.32 billion euros.
The company said the the update of the budget and guidance for 2026 approved by the Board on February 24, 2026 is confirmed.
At last close, shares of Telecom Italia were trading at 0.66 euros, up 1.62%.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.