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Telecom Italia S.p.A. Home page

Annual Report 2008

Letter to the Shareholders

“In 2008, after the change in our shareholder structure, the replacements in top management and the stabilization of corporate governance, Telecom Italia was able to concentrate its efforts on the process of relaunching its business and growth.

The most immediate cause for concern was to invert the downward trend which, still in the first quarter of 2008, was reflected in sales and profit margins. Keeping an ever-watchful eye on improving operations, the Group set about gradually and effectively turning the situation around.”
Gabriele Galateri di Genola, Franco Bernabé

Highlights

  • Revenues: 30,158 mln €
  • EBITDA: 11,367 mln €
  • EBIT: 5,463 mln €
  • Consolidated profit: 2,214 mln €
  • Net financial debt: 34,039 mln €