Q2 revenues were flat yoy lfl and at constant change. This is a lower performance than in Q1 (revenues were up by 2.7%) but note that, on the domestic side, service revenues held, despite the impact of the return to monthly billing, reaching a figure broadly in line with the same period last year (-0.4% yoy organically vs +1.7% in Q1). In reported terms, global Q2 revenue was down by nearly 4% yoy due to the Brazilian unit whose revenues were down by nearly 13% yoy, a decline however entirely
25 Jul 2018
A good performance in Brazil entirely offset by forex
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A good performance in Brazil entirely offset by forex
Telecom Italia S.p.A. (TIT:WBO) | 0 0 0.6% | Mkt Cap: 14,111m
- Published:
25 Jul 2018 -
Author:
Jean-Michel Salvador -
Pages:
3
Q2 revenues were flat yoy lfl and at constant change. This is a lower performance than in Q1 (revenues were up by 2.7%) but note that, on the domestic side, service revenues held, despite the impact of the return to monthly billing, reaching a figure broadly in line with the same period last year (-0.4% yoy organically vs +1.7% in Q1). In reported terms, global Q2 revenue was down by nearly 4% yoy due to the Brazilian unit whose revenues were down by nearly 13% yoy, a decline however entirely