The group released a solid and better than expected Q4. The recovery is on track as revenues were only down by 2.1% yoy and lfl, while the EBITDA margin improved thanks to effective cost containments.
Slowly but surely, TI rolls out the strategic plan decided in 2019 by Elliott and the CDP under Vivendi’s auspices. The COVID-19 crisis did not help it to hit the growth path again in 2020 but the objectives of TI’s 2021-23 strategic plan look achievable.
24 Feb 2021
A good Q4 which bodes well for a return to growth
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A good Q4 which bodes well for a return to growth
- Published:
24 Feb 2021 -
Author:
Jean-Michel Salvador -
Pages:
3
The group released a solid and better than expected Q4. The recovery is on track as revenues were only down by 2.1% yoy and lfl, while the EBITDA margin improved thanks to effective cost containments.
Slowly but surely, TI rolls out the strategic plan decided in 2019 by Elliott and the CDP under Vivendi’s auspices. The COVID-19 crisis did not help it to hit the growth path again in 2020 but the objectives of TI’s 2021-23 strategic plan look achievable.