Telecom Italia Q1 Profit Drops - Quick Facts

(RTTNews) - Telecom Italia Group (TI, TIAOF.PK) posted lower first-quarter 2014 consolidated net profit attributable to parent company shareholders of 222 million euros, compared with 364 million euros last year.

EBITDA for the first three months of 2014 totaled 2.2 billion euros, down 8.4% year-over-year, with an EBITDA margin of 42.4%. In organic terms, the EBITDA is down 134 million euros, or 5.7% compared with the previous year and the EBITDA margin is up 0.2 percentage points.

The firm reported a 11.9% drop in quarterly revenues to 5.19 billion euros, from the 5.89 billion euros recorded last year. In terms of organic change, excluding the effect of changes in exchange rates and consolidation scope, consolidated revenues fell by 6.2% or 340 million euros.