net_left adver left
  4. Telecom Italia set to raise 2022 core profit outlook - sources
Detail

Telecom Italia set to raise 2022 core profit outlook - sources

MILAN (Reuters) -Telecom Italia (TIM) is set to raise its core earnings targets for this year on the back of its second-quarter results, two sources familiar with the matter said...
Be the first to review this topic.
Telecom Italia set to raise 2022 core profit outlook - sources © Reuters. FILE PHOTO: The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi

MILAN (Reuters) -Telecom Italia (TIM) is set to raise its core earnings targets for this year on the back of its second-quarter results, two sources familiar with the matter said on Wednesday.

TIM, heir to the former Italian phone monopoly, has been struggling to stay competitive in its home market, where it makes the bulk of its revenue. It reported a record 8.4 billion euros ($8.5 billion) net loss last year following a string of downgrades of its targets.

The company now sees organic or self-generated core earnings or EBITDA after lease costs falling this year at a softer pace compared with a previous forecast of a "mid-to-high teens" decrease, the people said.

They declined to be named as deliberations are underway and plans are not public.

A spokesperson for TIM, which will report quarterly results later in the day, declined to comment.

In June, Chief Executive Pietro Labriola said he hoped the group could surprise markets with positive first-half results.

Telecom Italia (BIT:TLIT) shares were up 4.4% at 0.224 euros by 1430 GMT, outperforming a flat Italian blue-chip index. Yet the stock remains close to an all-time low hit in July.

Under Labriola, TIM's fifth CEO in six years, the company is seeking an overhaul of its business centred around ceding control of its landline grid to state lender CDP in a bid to raise cash and cut its debt pile.

Still, valuation and regulation issues are thwarting these efforts, while the collapse of the coalition government led by Prime Minister Mario Draghi has further complicated the company's plans.

($1 = 0.9876 euros)

Related products

HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
19-08-2022 14:26:42 (UTC+7)

EUR/USD

1.0086

-0.0001 (-0.01%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (5)

EUR/USD

1.0086

-0.0001 (-0.01%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (5)

GBP/USD

1.1916

-0.0014 (-0.12%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (5)

USD/JPY

136.55

+0.68 (+0.50%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

AUD/USD

0.6909

-0.0008 (-0.12%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

USD/CAD

1.2973

+0.0026 (+0.20%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (10)

Sell (0)

EUR/JPY

137.71

+0.63 (+0.46%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (3)

Sell (5)

EUR/CHF

0.9664

+0.0011 (+0.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

Gold Futures

1,766.85

-4.35 (-0.25%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Silver Futures

19.192

-0.272 (-1.40%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Copper Futures

3.6212

-0.0260 (-0.71%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (9)

Sell (0)

Crude Oil WTI Futures

89.34

-1.16 (-1.28%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (10)

Brent Oil Futures

95.35

-1.24 (-1.28%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (9)

Natural Gas Futures

9.067

-0.114 (-1.24%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (8)

US Coffee C Futures

214.80

-2.65 (-1.22%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Euro Stoxx 50

3,766.15

-11.23 (-0.30%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (1)

S&P 500

4,283.74

+9.70 (+0.23%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (8)

DAX

13,652.25

-45.16 (-0.33%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (4)

Sell (1)

FTSE 100

7,532.35

-9.50 (-0.13%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (2)

Hang Seng

19,738.00

-25.91 (-0.13%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (3)

Sell (4)

US Small Cap 2000

2,000.73

+13.41 (+0.68%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (2)

IBEX 35

8,403.91

-26.39 (-0.31%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (2)

BASF SE NA O.N.

43.370

-0.070 (-0.16%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (2)

Bayer AG NA

53.80

-0.26 (-0.48%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (3)

Sell (4)

Allianz SE VNA O.N.

177.60

-0.92 (-0.52%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (5)

Sell (3)

Adidas AG

166.28

-1.24 (-0.74%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (9)

Sell (0)

Deutsche Lufthansa AG

6.441

-0.125 (-1.90%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (5)

Siemens AG Class N

110.05

-0.21 (-0.19%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (4)

Deutsche Bank AG

8.684

-0.184 (-2.07%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (4)

Sell (4)

 EUR/USD1.0086Neutral
 GBP/USD1.1916Neutral
 USD/JPY136.55↑ Buy
 AUD/USD0.6909↑ Sell
 USD/CAD1.2973↑ Buy
 EUR/JPY137.71Neutral
 EUR/CHF0.9664↑ Buy
 Gold1,766.85↑ Sell
 Silver19.192↑ Sell
 Copper3.6212↑ Buy
 Crude Oil WTI89.34↑ Sell
 Brent Oil95.35↑ Sell
 Natural Gas9.067↑ Sell
 US Coffee C214.80↑ Sell
 Euro Stoxx 503,766.15↑ Buy
 S&P 5004,283.74Sell
 DAX13,652.25Neutral
 FTSE 1007,532.35↑ Buy
 Hang Seng19,738.00↑ Sell
 Small Cap 20002,000.73↑ Buy
 IBEX 358,403.91Neutral
 BASF43.370Buy
 Bayer53.80Neutral
 Allianz177.60Neutral
 Adidas166.28Neutral
 Lufthansa6.441Sell
 Siemens AG110.05↑ Sell
 Deutsche Bank AG8.684Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,590/ 6,690
(-10/ -10) # 1,717
SJC HCM6,620/ 6,720
(0/ 0) # 1,747
SJC Hanoi6,620/ 6,722
(0/ 0) # 1,749
SJC Danang6,620/ 6,722
(0/ 0) # 1,749
SJC Nhatrang6,620/ 6,722
(0/ 0) # 1,749
SJC Cantho6,620/ 6,722
(0/ 0) # 1,749
Cập nhật 19-08-2022 14:26:44
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,754.20-4.38-0.25%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V25.34025.840
RON 95-III24.66025.150
E5 RON 92-II23.72024.190
DO 0.05S22.90023.350
DO 0,001S-V24.88025.370
Dầu hỏa 2-K23.32023.780
ↂ Giá dầu thô thế giới
WTI$89.35+0.550.62%
Brent$95.36+0.240.25%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.235,0023.545,00
EUR22.981,7524.268,73
GBP27.175,3928.334,31
JPY167,13176,93
KRW15,2618,59
Cập nhật lúc 14:24:04 19/08/2022
Xem bảng tỷ giá hối đoái
adver main right

Your SUCCESS is our target !!!
JOIN US FREE

Information

Customer service

Connect with us

Newsletter

Newsletter
Copyright © 2022 AI VIF. All rights reserved. Powered by nopCommerce