Sales and EBITDA down for TIM Group in Q1

5 May 2022

Telecom Italia Group (TIM Group) has reported revenues of EUR3.64 billion (USD3.84 billion) for the first three months of 2022, down 4.5% year-on-year, with service revenues falling 2.5% to EUR3.39 billion. Domestic sales dropped 7.7% to EUR2.85 billion, though Brazil saw revenues rise by 8.9% to EUR806 million. Overall EBITDA plummeted 13.3% to EUR1.32 billion, while a net loss of EUR142 million was an improvement on the Q1 2021 loss of EUR206 million.

Brazil, Italy, Telecom Italia Group (TIM Group)