Positive financial results for the Italian telecommunications company
- Telecom Italia reports narrowed loss for 3Q
- Revenue for the quarter grew 3.4% to EUR4.11 billion
- Organic EBITDA after leases increased 8.6% to EUR1.42 billion
- Results for the first nine months in line with 2023 targets
Telecom Italia reported a narrowed loss for the third quarter, thanks to higher revenue and cost savings. The Italian telecommunications company posted a quarterly net loss of 311 million euros ($332.8 million) compared with a loss of EUR2.245 billion for the same period last year. Revenue for the quarter grew 3.4% to EUR4.11 billion, with growth in both Brazil and in its domestic business, the company said Wednesday. Organic earnings before interest, taxes, depreciation and amortization after leases increased 8.6% to EUR1.42 billion. Telecom Italia said its results for the first nine months of the year are fully in line with its 2023 targets.
Factuality Level: 9
Factuality Justification: The article provides specific financial figures and quotes from the company, indicating that the information is based on factual data. The article also includes consensus estimates from analysts, further supporting its factuality.
Noise Level: 8
Noise Justification: The article provides relevant financial information about Telecom Italia’s third-quarter performance, including revenue, net loss, and organic Ebitda. It also mentions that the results are in line with the company’s 2023 targets. However, the article lacks in-depth analysis, antifragility considerations, and accountability of powerful people. It also does not provide actionable insights or solutions.
Financial Relevance: Yes
Financial Markets Impacted: Telecom Italia
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Telecom Italia, reporting a narrowed loss for the third quarter due to higher revenue and cost savings. There is no mention of any extreme events or their impact.
Public Companies: Telecom Italia (N/A)
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