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TIM Group Like-for-like Revenue, EBITDA Rise In H1; Backs Annual Outlook

TIM Group (TIAOF.PK), formerly known as Telecom Italia SpA, Thursday reported like-for-like revenues of 7.112 billion euros for the first half, 3.5 percent higher than 6.871 billion euros in the same period last year.

Service revenue for the period increased 4 percent year-on-year to 6.7 billion euros.

EBITDA, or earnings before interest, taxes, depreciation, and amortization grew 9.4 percent to 2.139 billion euros from 1.956 billion euros a year ago.

EBITDA After Lease rose 13 percent year-over-year to 1.8 billion euros.

Looking ahead, the company has confirmed its full-year outlook.

by RTTNews Staff Writer

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