TIM’s Board of Directors recently examined preliminary data for December 31, 2023, revealing organic results that reflect robust growth and prudent financial management.
During 2023, group revenues reached an impressive €16.3 billion, recording a significant increase of 3.1% compared to the previous year. This data confirms TIM’s solid competitive position in the telecommunications sector.
The results obtained on the Italian market were particularly positive, with revenues from services showing a notable recovery.
EBITDA grew for the third consecutive quarter, increasing 5.7% year over year. These data confirm the effectiveness of company strategies to improve profitability and consolidate presence in the area.
Group EBITDA reached €6.4 billion, a notable increase of 5.7% compared to the previous year. EBITDA after lease also recorded a significant increase of 6.1%, reaching €5.3 billion. These results are a clear signal of the company’s financial health and its ability to adapt to the ever-changing market.
The Board of Directors approved an investment plan (CAPEX) of €4 billion, of which €3.1 billion is earmarked for the domestic market. These strategic investments highlight TIM’s commitment to innovation and the development of advanced infrastructures to support the growing demand for digital services.
Another relevant figure is represented by the Equity Free Cash Flow after lease, which in the fourth quarter was positive for over €0.8 billion. This result was achieved in part thanks to advances from the National Recovery and Resilience Plan (PNRR), highlighting TIM’s ability to capitalize on available financing opportunities.
Net financial debt after lease recorded a significant decrease, amounting to €20.3 billion, down €835 million compared to 30 September. This positive figure underlines the company’s effective debt management.
TIM Brasil confirmed its strong growth in 2023, with service revenues reaching €4.3 billion, marking a notable increase of 10.8% year-on-year. Organic EBITDA stood at €2.1 billion, recording growth of 14.7% compared to the previous year.
With results in line with expectations and a positive trend for the second consecutive year, TIM is now preparing to present the new 2024-2026 Business Plan on March 7th. The activities relating to delayering continued as expected, underlining the company’s desire to optimize the organizational structure to better face the challenges of the market.