Profit in line with last year net of goodwill impairment, revenues in line and debt below the psychological threshold of 30 million. This is in summary the final balance as of September 30, 2012 approved by the board of directors of Telecom Italia, which the Stock Exchange immediately rewarded with an initial leap of 3,6 percent.
“Telecom Italia – said the president Franco Bernabe – the process of defending profitability and reducing debt continues, which together with the development of consolidated revenues are the priorities of the group's industrial plan. The good cash flow generation more than offset the need for the payment of dividends and taxes and allows us to confirm our objectives. We maintain the current dividend as the basis for shareholder compensation for 2013 and 20142
As of September 30th the net profit was 1.926 million euros (-1.256 million euros in the first nine months of 2011): excluding the impairment of goodwill which affected the first nine months of last year, the net result is substantially in line with that of the same period of 2011.
THEadjusted net financial debt is 29.485 million euros, a decrease of 929 million euros compared to December 31, 2011.
Finally, Telcom Italia's revenues are 22.061 million euros, in line with the first nine months of last year.
