Telecom Italia lowers group sales target at EUR 30.5 billion (Italy)Telecom Italia, Italy, has sought to lower it’s full year outlook reason being slower sales in Brazil and Germany. TIM Brasil has cut down it’s sales growth outlook to 7%, from its estimate of 9% in May.
Hansenet, Germany, forecasts annual sales of EUR 1.2 billion, down from an earlier outlook for EUR 1.3 billion.
Telecom Italia puts group sales target now at EUR 30.4-30.5 billion, in contrast to its previous estimate of EUR 31 billion, while the EBITDA margin forecast drops half a point to 38.0 percent.
