Italy · Delayed Price · Currency is EUR Telecom Italia Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 results met expectations, with group revenues up 1.4% and underlying EBITDA growth of 4.1% excluding MVNO effects. Guidance is confirmed, with H2 expected to see EBITDA acceleration as MVNO headwinds fade and AI-driven efficiencies scale.
Fiscal Year 2025
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Delivered strong 2025 results with revenue and EBITDA growth, disciplined CapEx, and deleveraging. 2026 guidance confirmed, with continued focus on value, digital sovereignty, and shareholder returns. Key risks include MVNO volatility and regulatory approvals.
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Solid Q3 and nine-month results with revenue and EBITDA growth, stable net debt, and guidance confirmed. Strategic partnership with Poste and sector consolidation initiatives are advancing, while transformation and cost discipline drive profitability.
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Solid H1 performance with revenue and EBITDA growth, positive cash flow in Q2, and leverage below 2.1x. Full-year guidance is confirmed, with further EBITDA acceleration expected in H2, driven by price increases, cost savings, and strong enterprise and Brazil results.
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Q1 2025 saw revenue and EBITDA growth, strong cash flow improvement, and stable domestic performance. Poste Italiane's entry as largest shareholder and ongoing consolidation talks signal strategic shifts, while guidance for the year is confirmed.
Fiscal Year 2024
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2024 marked a transformational year with strong revenue and EBITDA growth, significant debt reduction, and restored financial flexibility. Guidance through 2027 projects continued growth, lower leverage, and reinstated shareholder remuneration, supported by robust performance across all segments.
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Group revenues and EBITDA after leases grew strongly year-over-year, with net debt reduced and operational efficiency gains across both domestic and Brazilian segments. The company confirmed full-year guidance, expects further debt reduction, and is leveraging growth in enterprise IT and cloud contracts.
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NetCo disposal drove major deleverage, credit rating upgrades, and a leaner capital structure. H1 2024 saw robust revenue and EBITDA growth, with strong performance in Brazil and Enterprise, and full-year guidance confirmed. Liquidity and leverage targets are on track.