The start of the day in the red for Telecom Italia Media's stock market, which lost one percentage point, to 0,9335 euros. Yesterday with the markets closed, the company announced that it closed the first nine months of 2014 with a negative net result of 7 million euros, an improvement compared to the loss of 128,1 million in the same period of 2013, which however included a total value of discontinued operations related to the sale of La7 and Motv Italia, equal to -133,5 million.
As for the revenues, between January and September of this year the group's turnover amounted to 50,6 million, a decrease of 5,9 million euros compared to the first nine months of 2013.
“This trend – reads a press release – is entirely attributable to the Network Operator and is due to the expiry, at the end of 2013, of the contracts with some customers, only partially offset by revenues from new customers and by the consolidation of revenues in the third quarter of Rete A (4,5 million euro) not present in 2013”.
THEEbitda it stopped at €18,9 million, down by €7,1 million year-on-year. L'EBIT is negative by 2,2 million euros, down by 6,9 million compared to the first nine months of 2013 (4,7 million euros) and includes lower depreciation of 0,2 million euros entirely attributable to the network operator inclusive of the depreciation of Rete A for 1,2 million euro not present in 2013.
