New Tim's Profit Alert two days from the expected board of directors that it should examine KKR's preliminary offer for all the shares of the largest Italian telephone company.
According to a note released last night, Tim notes that the update of management forecasts for 2021 signals a decrease of between 13 and 15% compared to 2020 in organic EBITDA of the Domestic Business Unit, “with a worsening compared to the previous October forecast mainly attributable to lower fixed line revenues, partly connected to theagreement with Dazn for the distribution of Serie A Tim".
Faced with this, Tim warns that they will be able to intervene in the budget "any non-recurring provisions” determined “on the basis of the results of the ongoing renegotiation of the agreement with Dazn and evaluated in the 2021 budget”.
Good news instead from Brazil, which remains under the guidance of the new General Manager Labriola: thanks to the growing performance of Tim Brasil, "the 2021 group organic Ebitda is expected to exceed 5,4 billion euros".
Today on title Tim, which rose 0,23% yesterday, the word goes back to the market.
