We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
TIM SA | NYSE:TIMB | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.57 | 3.33% | 17.69 | 17.74 | 17.34 | 17.42 | 503,050 | 01:00:00 |
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
TIM PARTICIPAÇÕES S.A.
Publicly-held Company
CNPJ/MF nº 02.558.115/0001-21
NIRE 33 300 276 963
NOTICE TO THE MARKET
CONFIRMATION OF GUIDANCE 2019-2021 ADJUSTED TO NEW ACCOUNTING STANDARDS
TIM Participações S.A. (“Company”) (B3: TIMP3 e NYSE: TSU), in compliance with Article 157 of Law No 6,404 and the provisions of CVM Instruction No 358, hereby informs its shareholders, the market in general and other interested parties that, following the Material Fact released on February 21, 2019, in which the projections of its 2019-2021 Strategic Plan were presented, the Telecom Italia Group disclosed today, in a view that includes the effects of the accounting standards of IFRS 9 and IFRS 15, its projections for the period.
In this context, TIM confirms the projections presented in the Material Fact mentioned above and presents, in the table below, such projections based on the adoption of aforementioned accounting standards:
|
Projections 2019-21
|
Projections 2019-21
|
||
KPI |
Short Term |
Long Term |
Short Term |
Long Term |
Service Revenues Growth (YoY) |
3-5% |
CAGR ’18-’21
|
3-5% |
CAGR ’18-’21
|
EBITDA Growth (YoY) / % EBITDA Margin |
Mid to High-Single Digit Growth |
≥40% in 2020 |
Mid to High-Single Digit Growth |
≥39% in 2020 |
∑ CAPEX /
|
Low 20s |
~R$ 12.5 bi (∑‘19-’21) |
Low 20s |
~R$ 12.0 bi (∑‘19-’21) |
% EBITDA – CAPEX
|
>15% |
≥20% |
>15% |
≥20% |
Rio de Janeiro, May 20th, 2019.
TIM Participações S.A.
Adrian Calaza
Chief Financial Officer and
Investor Relations Officer
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
TIM PARTICIPAÇÕES S.A. | |||
Date:May 20, 2019 |
By: | /s/ Adrian Calaza | |
Name: Adrian Calaza | |||
Title: Chief Financial Officer and Investor Relations Officer
TIM Participações S.A. |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
1 Year TIM Chart |
1 Month TIM Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions