TIM, the agreement with DAZN implies the acceleration in the growth forecast for revenues and EBITDA 2022-2023, with confirmed 2021 turnover targets
TIM, acceleration in the growth forecast for revenues and EBITDA in the years 2022-2023
TIM in an official note makes it known that the agreement with DAZN for the distribution of the Serie A championship entails an acceleration in the expected growth in revenues and EBITDA (mid single digit growth) in the years 2022-2023, with 2021 objectives confirmed in terms of Turnover (stable to low to single digit growth) and revised to low to mid single digit decrease for EBITDA, with the latter, in fact , consequence of the general effects on the market due to the time delay of the Voucher Plan for families and businesses.
In perspective therefore good news from TIM which recently updated the group’s guidance by incorporating the effects of the distribution agreement with Dazn and the general effects on the market of the time lag of the measures to support digitization envisaged by the Voucher Plan, despite the stock market “fluctuations” of the last two days.
TIM specifies that the expected benefits from the PNRR and from the acquisition of Oi’s mobile assets are not yet incorporated into the guidance
TIM also specifies that the expected benefits from the National Recovery and Resilience Plan and from the acquisition of Oi’s mobile assets have not yet been incorporated into the guidance. A further positive starting point for the telecommunications company led by Luigi Gubitosi.
In light of this news, TIM’s press release on the acceleration of expected growth in revenues and EBITDA (mid single digit growth) in the years 2022-2023 takes on even more importance.
TIM, news on the “Beyond Connectivity” plan
TIM also continues its action to relaunch the domestic business and opens up to a new phase of sustainable growth linked to adjacent markets (“beyond connectivity”).
TIM has in fact communicated that the piano “Beyond Connectivity” 2021-2023 launched the Group factories (Noovle, Olivetti, Telsy) on a path that will lead them to more than double their revenues from innovative services in the period. The agreements with DAZN and Mediaset extend the plan in the Consumer segment, adding Serie A and Champions League to TIM Vision, the richest content platform on the Italian market.
They were TIM confirmed the cash generation target of € 4 billion over the plan period and the Net Debt / EBITDA ratio of 2.6x by 2023.
TIM, the stabilization of fixed lines and the strong growth of UBB confirmed in the second quarter of 2021
Another important point in the TIM press release concerns the stabilization of fixed lines and the strong growth of UBB, both confirmed in the second quarter of 2021 at the domestic level, in addition to a further one reduction of fixed and mobile churn. TIM also confirmed the dividend distribution policy: 1 euro cent (floor) for ordinary shares and 2.75 euro cent for savings shares.
Separate speech for TIM Brazil which confirmed the excellent performances continuing to accelerate revenue and EBITDA growth rates.
TIM presents a general picture in clear growth
TIM has therefore updated the guidance to incorporate the effects of the distribution agreement with Dazn and the effects on the market of the time lag of the measures to support digitization (vouchers plan). The resulting picture is positive especially for the two-year period 2022-2023, with the forecast of an acceleration in the expected growth in revenues and EBITDA (mid single digit growth). The turnover targets for the year 2021 were also confirmed despite the general effects on the market of the time lag of the Voucher Plan for families and businesses.